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Ministry of Planning, Economic Development, and International Cooperation

Ministry of Planning, Economic Development, and International Cooperation
Ministry of Planning, Economic Development, and International Cooperation

H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, received H.E. Dr. Maya Morsy, Minister of Social Solidarity, to discuss the Ministry of Social Solidarity’s investment plan for FY 2025/2026, as well as developments in launching Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience. The narrative serves as a comprehensive framework aligning the Government’s Program with Egypt’s Vision 2030.

Dr. Al-Mashat affirmed that the state attaches great importance to providing social protection and care programs for the most vulnerable groups. These programs, she explained, contribute to strengthening human capital through economic and social empowerment, which in turn increases productivity, enhances labor market participation, stimulates economic growth, and ensures sustainable development that benefits all citizens.

The meeting reviewed the Ministry of Social Solidarity’s approved investments for FY 2025/2026, which amount to approximately EGP 768.5 million, compared to EGP 455 million in FY 2024/2025, reflecting a growth rate of 75.5%.

The Minister outlined the plan’s priorities for FY 2025/2026, including: providing investments for projects nearing completion; prioritizing continuation projects, especially those with over 70% implementation; financing new priority projects in line with Presidential directives; advancing urgent initiatives and Phase II of the Decent Life program; and aligning investments with the State Ownership Policy Document.

The two ministers also reviewed financing gaps that need to be addressed, stressing the importance of integration and coordination between national and sectoral strategies. They emphasized the role of social protection and care in advancing sustainable development across its three dimensions—economic, social, and environmental.

In this context, Al-Mashat added that the Ministry of Planning, Economic Development and International Cooperation will, in the coming period, begin preparations for a new Economic and Social Development Plan. The plan will be framed within a Medium-Term Budget (2026/2027 – 2029/2030), covering the budget year and the three subsequent years, in order to unify the planning horizon. She also referred to the ‘Adaa’ system, which the Ministry is implementing to enhance the efficiency and effectiveness of the investment plan through the monitoring and evaluation of all administrative units, based on quantitative performance indicators.

She further referred to the launch of Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience, in line with directives from H.E. President Abdel Fattah El-Sisi and pursuant to State Planning Law No. 18 of 2022 and the Unified Public Finance Law No. 6 of 2022. These laws task the Ministry of Planning with developing an integrated planning system, setting national strategies, and linking them to macroeconomic policies at the national, regional, and sectoral levels.

The Minister added that the Narrative has been opened for public dialogue over the coming two months to incorporate feedback and recommendations. The outputs of the World Conference on Population, Health, and Human Development will also be integrated, reflecting the state’s prioritization of investment in human capital. The Ministry of Social Solidarity’s strategy will likewise be incorporated, highlighting government efforts in social protection and support for low-income groups.

For her part, H.E. Dr. Maya Morsy praised the Ministry of Planning’s leadership in launching the National Narrative and underscored the importance of cooperation between the two ministries in implementing social protection programs for vulnerable families.

Dr. Morsy stressed that the new strategic financial framework for economic empowerment reflects Egypt’s shift from traditional social protection to sustainable, inclusive models. This framework will unify national efforts and strengthen coordination among entities delivering financial inclusion and empowerment services. It will serve as an executive arm for economic empowerment packages, supporting Takaful and Karama families, and integrating capable beneficiaries into productive economic activities. Beneficiaries will gain access to financial products, including credit, insurance, savings, digital investment, and employment opportunities, alongside non-financial services, enabling families to graduate from the Takaful and Karama conditional cash transfer program.

She also highlighted the role of the Rural and Environmental Industries Support Fund, which the ministry seeks to transform into an integrated national platform linking financing with production and marketing. This platform will leverage rural comparative advantages, address market and service gaps, and implement innovative interventions that generate sustainable income for target families.

Dr. Morsy noted that the recently enacted Social Security Law No. 12 of 2025 strengthens social justice by institutionalizing financial support and establishing the Takaful and Karama Fund with clear financing sources. The law transforms Takaful and Karama into a legal entitlement rather than just a government program, building a stronger, more flexible safety net capable of addressing economic and social challenges while reinforcing long-term social stability.

She emphasized the central role of the Ministry of Social Solidarity in supporting Egyptian women, describing them as the cornerstone of family and society. Services dedicated to women include cash assistance, economic empowerment, healthcare, education, caregiving, rehabilitation, and counseling.

The Minister also discussed coordination efforts to support irregular workers, especially from vulnerable families. She stressed that digital transformation has been a priority, with the ministry building an advanced, integrated system that consolidates data on vulnerable families and individuals nationwide. This system, she said, enhances the inclusiveness of services for all family members through closer coordination with partner ministries and entities.

Dr. Morsy concluded by stressing that the ministry is committed to regular monitoring, evaluation, and updating of program and performance indicators, in line with the Government of Egypt’s Action Program.

Abu Dhabi –India Business Forum to deepen trade and investment ties

Abu Dhabi –India Business Forum to deepen trade and investment ties
Abu Dhabi –India Business Forum to deepen trade and investment ties

The Abu Dhabi–India business forum, co-organised by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) in cooperation with the Federation of Indian Chambers of Commerce and Industry (FICCI) underscored the scale and momentum of the partnership and discussed ways to deepen trade and investment ties.

The forum, attended by His Excellency Piyush Goyal, India’s Minister of Commerce and Industry, H.E. Ahmed Jasim Al Zaabi, Chairman of ADDED, H.E. Hamad Sayah Al Mazrouei, Undersecretary of ADDED, and senior government and private-sector leaders, is building on the Comprehensive Economic Partnership Agreement’s (CEPA) achievements to further enhance relations in various sectors.

H.E. Ahmed Jasim Al Zaabi, Chairman of ADDED, said: “We are pleased to welcome Mr. Piyush Goyal, Honourable Minister of Commerce and Industry of the Republic of India, and the high-level delegation to open a new page in our deeply rooted partnership. Abu Dhabi is a trusted, future-ready partner for India’s growth story, with our ‘Falcon Economy’ creating ample opportunities in high-growth clusters including food, Agrictech, financial services, advanced manufacturing, digital infrastructure, smart transport, sustainable energy, and healthcare”.

H.E. Al Zaabi added: “Today, India is one of our largest trading partners. Since signing CEPA in 2022, Abu Dhabi’s non-oil trade with India is growing from strength to strength. In 2023, it rose by 13.7% and soared 94% in 2024. We are building on a legacy of collaboration to shape a future of shared prosperity, and there is enormous scope to deepen our trade, expand mutual investments, and co-create the industries of the future”. 

The Abu Dhabi–India business forum served as suitable platform to match opportunity with capability. India’s push to scale electronics, automotive and EVs, batteries, and pharmaceuticals dovetails with Abu Dhabi’s industrial strategy, while India’s quarter-trillion-dollar tech and business-services industry and the Global Capability Centres complement the emirate’s strengths. Emerging trade corridors are lowering frictions and shortening time-to-market for firms on both sides.

The programme featured presentations by the Abu Dhabi Investment Office (ADIO), Invest India, and companies from Abu Dhabi and India. Discussions focused on converting opportunities into projects with a view to onboard SMEs into supply chain. Participants agreed to maintain a structured follow-up cadence after the forum to turn commercial interest into deal flow and job creation.

Backed by (CEPA), bilateral trade between the UAE and India is fast approaching the USD 100 billion target set for 2030.  In 2024, UAE’s non-oil trade with India grew by 20.5% to exceed AED240 billion (USD 65.4 bn) in 2024, compared to AED199.3 billion (USD 54.3 bn) in 2023. In H1-2025, the strong growth continues with non-oil trade rising 33.9% to AED 138 billion (USD37.6 billion).

UAE’s investments in India reached over AED84.4 billion (USD23 billion) in 2024, making the UAE India’s seventh-largest global investor.

With Abu Dhabi’s globally connected infrastructure, pro-investment ecosystem, and strategic roadmaps, and India’s market scale, reform momentum and technological reach, the forum showcased a corridor where companies can innovate and invest with confidence.

Edaa and Kazakhstan Central Securities Depository Sign MoU to Strengthen International Market Connectivity

Edaa and Kazakhstan Central Securities Depository Sign MoU to Strengthen International Market Connectivity
Edaa and Kazakhstan Central Securities Depository Sign MoU to Strengthen International Market Connectivity

 

The Securities Depository Center Company (Edaa), a subsidiary of Saudi Tadawul Group (STG), announced today the signing of a Memorandum of Understanding (MoU) with the Central Securities Depository of the Republic of Kazakhstan (KCSD).

The MoU establishes a framework for joint cooperation that spans depository services and corporate actions; the exchange of information on market developments; sharing best practices and business models of mutual benefit; exploring a potential bilateral linkage with KCSD to enhance market connectivity; forming joint working groups for specific projects; and organizing knowledge-sharing initiatives. The agreement underscores both parties’ commitment to advancing post-trade infrastructure and deepening cross-border capital-market connectivity.

This MoU also showcases Edaa’s growing portfolio of international partnerships and underscores its role in advancing Saudi Arabia’s position as a globally connected capital market, and in line with the aspirations of Vision 2030.

Ms. Hanan Alshehri, CEO of Edaa, said: “This memorandum of understanding marks another important milestone in Edaa’s journey to strengthen cross-border cooperation and expand the Kingdom’s financial market infrastructure. Through this MoU with KCSD, we are creating new opportunities to align global best practices, facilitate knowledge transfer, and ultimately enable greater connectivity for investors and issuers across our markets.”

Mr. Yedil Medeu, Chairman of KCSD, said: “Kazakhstan CSD sees significant strategic potential in the MENA region, especially in Saudi Arabia capital markets. We are working to establish reliable cooperation channels with its infrastructure, aiming to provide Central Asian investors with broader access to investment opportunities, ensure secure capital flows, and foster liquidity, diversification, and deeper financial integration.”

The collaboration between Edaa and KCSD builds on each organization’s commitment to innovation, resilience, and international engagement, paving the way for stronger financial ties between Saudi Arabia and Kazakhstan.

EBRD publishes first forecast for sub-Saharan Africa

EBRD publishes first forecast for sub-Saharan Africa
EBRD publishes first forecast for sub-Saharan Africa

The European Bank for Reconstruction and Development (EBRD) expects growth in its new sub-Saharan Africa (SSA) region to average a robust 4.7 per cent in 2025 and 4.6 per cent in 2026.

The economic forecasts were published today in the Bank’s Regional Economic Prospects report.

Including SSA and Iraq, the Bank forecasts 3.2 per cent growth in its regions in 2025 and 3.3 per cent growth in 2026. Economies in the EBRD regions remain under pressure from continued global geopolitical tensions, increased export competition from China and limited fiscal room for manoeuvre.

For Benin, the Bank forecasts growth of 6.6 per cent in 2025 and 6.3 per cent in 2026. It expects Côte d’Ivoire to grow 6.3 per cent in 2025, edging up slightly to 6.4 per cent in 2026. It sees Ghana’s gross domestic product (GDP) growth at 4.3 per cent in 2025 and 4.8 per cent in 2026, while for Kenya, it forecasts 4.7 per cent growth in 2025 and 4.9 per cent growth in 2026. The Bank forecasts Nigeria’s GDP growth at 3.4 per cent in 2025 and 3.3 per cent in 2026. For Senegal, it sees 8.4 per cent growth in 2025 before a moderation to 4.1 per cent in 2026.

At the Bank’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to Article 1 of the Agreement Establishing the EBRD, enabling it to operate in sub-Saharan Africa and Iraq. The shareholder acceptance threshold required for the amendment to take effect was reached in April and the amended Article 1 has now entered into force.

Benin, Côte d’Ivoire, Kenya, Nigeria and Senegal became the EBRD’s newest shareholders and investee economies in 2025.

The EBRD delivered a record €16.6 billion in investments across its economies in 2024, with annual disbursements hitting a record €10.6 billion. The Bank’s portfolio totalled €61.9 billion in 2024.

FII Institute Unveils Powerhouse Speaker Lineup for FII9 in Riyadh 

FII Institute Unveils Powerhouse Speaker Lineup for FII9 in Riyadh 
FII Institute Unveils Powerhouse Speaker Lineup for FII9 in Riyadh 

The Future Investment Initiative (FII) Institute today announced the speaker lineup and program for its flagship FII9 Conference, taking place October 27–30, 2025, at the King Abdulaziz International Conference Center (KAICC) in Riyadh. Under the theme “The Key to Prosperity: Unlocking New Frontiers of Growth,” FII9 will bring together more than 15 heads of state, alongside world leaders, global change makers, and visionary investors to confront the paradoxes shaping our future—balancing progress with consequences, innovation with constraints, and fragmentation with connectivity.

With 600+ speakers across 230+ sessions, FII9 will reaffirm its role as a global engine for investment, ideas, and impact. The conference opens with H.E. Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF) and Chairman of the Board of Trustees of FII Institute, presenting the 4th Priority Compass. This landmark survey gathers insights from tens of thousands of people across 32 countries—covering 66% of the world’s population— to guide leaders toward concrete, citizen-driven solutions.

FII Institute and Richard Attias hosts breakfast press conference at Coco’s, 9/19/2025. Photo by Chris Lee

Richard Attias, Chairman of the Executive Committee and Acting CEO of FII Institute, emphasized: “FII9 is where global leaders align capital with purpose. The Priority Compass ensures our discussions are not abstract, but rooted in the real concerns of people across the world.”

Two plenary halls will stage high-level debates, fireside chats, and Board of Changemakers sessions on humanity’s most urgent questions:

Can shared economic interests bridge divides or deepen fractures?

How should trade rules evolve to protect security while preserving global coherence?

What pathways can deliver energy that is secure, sustainable, and affordable?

How can innovation accelerate responsibly without creating new global imbalances?

Confirmed speakers include:

H.E. Khalid bin Abdulaziz Al-Falih, Minister of Investment, Ministry of Investment of Saudi Arabia (MISA)

Amin Nasser, President & CEO, Aramco

Bill Ackman, Founder & CEO, Pershing Square Capital Management

Bruce Flatt, CEO, Brookfield

David M. Rubenstein, Co-Founder & Co-Chairman, The Carlyle Group

Dina DiLorenzo, President, Guggenheim Investments

Jamie Dimon, Chairman & CEO, JPMorgan Chase

Jane Fraser, CEO, Citi

Laurence Fink, Chairman & CEO, BlackRock

Patrick Pouyanné, Chair & CEO, TotalEnergies

Ray Dalio, Founder & CIO Mentor, Bridgewater Associates

Ron O’Hanley, Chairman & CEO, State Street Corporation

Ruth Porat, President & CIO, Alphabet & Google

Through Interactive Labs and exclusive Conclaves, leaders and executives will shape strategies that influence investment flows, global policies, and societal outcomes.

FII9, a members-only summit, will convene thousands of delegates and international media for four days of decision-shaping dialogue and opportunities, reinforcing Riyadh’s role as a hub for global collaboration.

For the full program, visit: https://fii-institute.org/conference/fii9-edition

Abu Dhabi Chamber signs agreement with Sino-International Entrepreneurs Federation to boost trade and investments

Abu Dhabi Chamber signs agreement with Sino-International Entrepreneurs Federation to boost trade and investments
Abu Dhabi Chamber signs agreement with Sino-International Entrepreneurs Federation to boost trade and investments

The Abu Dhabi Chamber of Commerce and Industry signed a cooperation agreement with the Sino-International Entrepreneurs Federation (SIEF) during an official visit to Beijing, organised by the Ministry of Economy and Tourism. The agreement aims to strengthen economic and trade partnerships between the business communities in the two countries and strengthen Abu Dhabi’s position as a global economic hub.

Abu Dhabi Chamber, Sino-International Entrepreneurs Federation, Ministry of Economy and Tourism, Ali Mohammed Al Marzooqi, Tony Dong, Investopia Global, China, UAE, Beijing, Hong Kong, Investment, Trade, Economic Partnerships, Economic Diversification, Private Sector, International Relations, Cooperation Agreements, Economic Forums, Trade Delegations, Biotechnology, Semiconductors, Energy, Smart Vehicles, Global Economy
Abu Dhabi Chamber, Sino-International Entrepreneurs Federation, Ministry of Economy and Tourism, Ali Mohammed Al Marzooqi, Tony Dong, Investopia Global, China, UAE, Beijing, Hong Kong, Investment, Trade, Economic Partnerships, Economic Diversification, Private Sector, International Relations, Cooperation Agreements, Economic Forums, Trade Delegations, Biotechnology, Semiconductors, Energy, Smart Vehicles, Global Economy

The agreement was signed on behalf of Abu Dhabi Chamber by His Excellency Ali Mohamad Al Marzooqi, Director General of Abu Dhabi Chamber, and on behalf of the Sino-International Entrepreneurs Federation Mr. Tony Dong, Chief Representative in China of (SIEF).

The agreement emphasises facilitating the exchange of economic, trade, and investment expertise and information, along with establishing effective communication channels that support the private sector’s ambitions and open broader opportunities for mutual growth. The Abu Dhabi Chamber’s delegation participated in Investopia Global, held in Hong Kong (SAR) and Beijing on 17 and 19 September 2025. These gatherings served as a key strategic platform, enhancing the global presence of the UAE business community and reinforcing Abu Dhabi’s position as a vital international economic partner.

The agreement covers the exchange of information related to the economy, trade, and investment, as well as the sharing of insights into the laws and policies governing trade and investment. It also calls for creating investment opportunities for the private sector, organising joint virtual events, facilitating participation in exhibitions, forums, and conferences, supporting visits of trade and economic delegations, and exchanging technical knowledge and training between institutions.

Economic relations between the UAE and China are expanding rapidly, with bilateral non-oil trade increasing by 3%, reaching AED 327.5 billion (US$ 89.2 billion) last year, driven by an 8% increase in UAE imports to AED 308.7 billion (US$ 84 billion). Many of these imports are re-exported, strengthening the UAE’ role as a major gateway for Chinese products into markets in the MENA and Africa.

According to the International Trade Centre, there is potential for further growth in UAE exports to China across diverse sectors, including precious metals, aluminum, copper, paper products, cosmetics, and processed foods. Abu Dhabi Chamber’s Chinese members rose by 69.4% in 2024. At the same time, Emirati investments in China continue to grow across a wide range of sectors, including manufacturing, construction, logistics, telecommunications, agriculture, property, energy, and trade.

His Excellency Ali Mohammed Al Marzooqi, Director-General of the Abu Dhabi Chamber of Commerce and Industry, said: “This agreement marks a milestone in the strategic cooperation between Abu Dhabi and China. It reflects Abu Dhabi Chamber’s commitment to establishing strong international partnerships that support the private sector and widen opportunities for growth and expansion. It enhances communication channels and facilitates the exchange of economic expertise and knowledge, driving innovative investment opportunities and boosting the competitiveness of businesses on both sides. By doing so, it aligns with Abu Dhabi’s vision to become a global leader in business and investment”.

Mr. Tony Dong, Chief Representative in China of the Sino-International Entrepreneurs Federation (SIEF), said: “SIEF is proud to announce a long-term strategic partnership with the Abu Dhabi Chamber of Commerce and Industry. For nearly two decades SIEF has acted as a trusted, neutral facilitator, connecting premier business leaders across industries, continents and cultures and converting dialogue into tangible deals for Chinese and global companies—an approach that mirrors the Chamber’s own vision.
He added “This partnership establishes an exclusive gateway for SIEF’s global members to connect with Abu Dhabi’s business community. Leveraging its extensive network—which includes Chinese government agencies, financial institutions, private enterprises, R&D centers, and legal-arbitration bodies—to deliver concrete support. Together we will pursue practical cooperation in bilateral match-making, landing services, executive training and more, turning Abu Dhabi’s and China’s complementary strengths into shared growth.”

This agreement demonstrates the Chamber’s commitment to expanding its global network and amplifying the presence of the UAE’s private sector in China, supporting strategies for economic diversification and future-focused cooperation in such areas as semiconductors, energy, biotechnology, life sciences, and autonomous vehicles. By facilitating regular exchanges of delegations and joint activities, it also supports the broader business climate, adding value to the UAE economy.

Another Israeli Crime in Lebanon:  AHRC-USA Condemns the Israeli Drone Strike in South Lebanon, Mourns the Victims with the Lebanese Dearborn Community:

Another Israeli Crime in Lebanon:  AHRC-USA Condemns the Israeli Drone Strike in South Lebanon, Mourns the Victims with the Lebanese Dearborn Community:
Another Israeli Crime in Lebanon:  AHRC-USA Condemns the Israeli Drone Strike in South Lebanon, Mourns the Victims with the Lebanese Dearborn Community:

The American Human Rights Council (AHRC-USA) joins peace- and justice-loving people around the world in unequivocally condemning the latest Israeli drone strike that deliberately targeted a civilian vehicle, a family of five, in Bint Jebail, South Lebanon, this past Sunday. The father and three of his children were killed instantly. The mother and another child remain in critical condition.

This grieving family has deep ties to the Dearborn community. The Charara and Mrouh families will hold funeral services today, Monday, and Tuesday, September 22 and 23, 2025, from 5:30 p.m. to 7:30 p.m. at the Bint Jebail Cultural Center in Dearborn.

This massacre is yet another chapter in a long and painful history of Israeli military aggression against Lebanon, especially South Lebanon, conducted with impunity. Despite a ceasefire agreement with Lebanon, Israel continues its relentless assaults, violating international law and disregarding global calls for accountability. Such actions are made possible by the unwavering military, financial, political, and diplomatic support of the United States.

This horrific crime comes as world leaders gather for the United Nations General Assembly and amid growing international momentum to recognize Palestinian statehood. Instead of heeding calls for peace, Israel intensifies its aggression across the region, including in Lebanon, Syria, Yemen, and Gaza. Israel spreads death and destruction with impunity.

AHRC-USA calls on the Trump administration to take decisive action to compel Israel to honor its ceasefire commitments and to end its aggression against Lebanon and its people. Silence and inaction only enable further atrocities.

AHRC extends its deepest condolences to the Charara and Mrouh families. We also wish a full and speedy recovery to the injured.

“Israel is committing atrocities and will continue to commit more atrocities until President Trump forces Netanyahu to stop,” said Imad Hamad, AHRC Executive Director. “As long as the US does not leash Israel, more innocent people like the Lebanese family targeted by Israel will continue to suffer and die,’ added Hamad.

The H Dubai and UAE Red Crescent Unite for a Heartfelt Community Activation in Support of the Year of Community 2025

The H Dubai and UAE Red Crescent Unite for a Heartfelt Community Activation in Support of the Year of Community 2025
The H Dubai and UAE Red Crescent Unite for a Heartfelt Community Activation in Support of the Year of Community 2025

The H Dubai recently joined hands with the UAE Red Crescent to host a meaningful community activation on September 12th at the Red Crescent’s Dubai headquarters in Al Garhoud. Aligning with the UAE’s announcement of 2025 as the Year of Community under the theme “hand in hand”, the initiative brought together families, children, and volunteers for an afternoon of creativity, joy, and giving back. This community initiative was held in commemoration of the International Day of Charity and Dubai’s Year of Community, bringing joy to children supported by Emirates Red Crescent through a cookie decorating workshop by The H Hotel.

The H Dubai has long been recognised for its dedication to corporate social responsibility, with a strong focus on partnerships that create positive social impact. Having previously hosted several inclusive events supporting children of determination, sustainability-driven initiatives, and charitable collaborations, the hotel continues to place community at the heart of its operations. Among its notable initiatives, The H Dubai has successfully hosted an annual Iftar for children on the spectrum in collaboration with Georgetown Early Intervention Centre, creating a space for joy, inclusivity, and connection. The hotel has also championed the arts as a medium for awareness by flying in renowned Nigerian artist Kanye Tagbo Okeke, an exceptional talent on the autism spectrum, to showcase his work during World Autism Awareness Day. Partnering with the UAE Red Crescent reflects further The H Dubai’s values of compassion, responsibility, and meaningful contribution.

The activation at Red Crescent Al Garhoud welcomed over 30 children, alongside Red Crescent representatives and The H Dubai’s team. Children participated in an interactive cookie decoration workshop, creating sweet treats together and enjoying moments of creativity and laughter. To add to the joy, The H Dubai team surprised the young participants with thoughtful gifts, ensuring that each child left with a smile.

Speaking about the collaboration, Yassin Mahmoud, General Manager at The H Dubai, said, “This activation with the UAE Red Crescent perfectly reflects our ethos at The H Dubai of bringing people together through compassion and shared responsibility. As we celebrate the Year of Community 2025, it is our privilege to contribute to initiatives that create joy, inclusivity, and a true sense of belonging for families.”

In line with the national theme of the Year of Community 2025, the event reinforced the importance of unity, inclusion, and compassion. By creating shared experiences between children, families, and volunteers, the initiative exemplified the UAE’s vision of a society built on empathy, togetherness, and collective responsibility.

SAIF Zone showcases gold sector investment opportunities at Hong Kong Jewellery & Gem Fair 2025

SAIF Zone showcases gold sector investment opportunities at Hong Kong Jewellery & Gem Fair 2025
SAIF Zone showcases gold sector investment opportunities at Hong Kong Jewellery & Gem Fair 2025

The Sharjah Airport International Free Zone (SAIF Zone) participated in the Hong Kong Jewellery & Gem Fair 2025, one of Asia’s largest and most prestigious industry events, which ran from September 17th to 21st at the Hong Kong Convention and Exhibition Centre (HKCEC). The exhibition brought together over 3,000 leading global exhibitors.

SAIF Zone’s participation in the event aimed to highlight Sharjah’s position as a prime destination for gold and jewellery investments. During the exhibition, the Authority showcased world-class infrastructure, specialised services, and tailored investment solutions, while highlighting the wealth of opportunities available within Sharjah’s thriving gold and jewellery sector.

250 regional and international companies

SAIF Zone also highlighted the competitive advantages and facilities it offers to companies operating in the gold, jewellery and gemstone industries through its Gold, Diamonds and Commodities Park. 

Recognized as one of the largest centres for gold refineries in the GCC, the park accommodates over 55 gold refineries and hosts more than 250 regional and international companies specializing in gold, platinum, silver, and titanium manufacturing and trade.

Investment opportunities

H.E. Saud Salim Al Mazrouei, Director of SAIF Zone, stressed that the free zone’s participation in the Hong Kong Jewellery & Gem Fair is part of its commitment to strengthening its presence at leading international industry platforms. He added that the objective was to showcase the advanced infrastructure, world-class facilities, and specialised services that SAIF Zone offers to investors in the gold and jewellery sector, particularly through its Gold, Diamonds and Commodities Park, which has established itself as a premier regional hub for global leaders in the precious metals industry.

Al Mazrouei added that the exhibition has been an ideal opportunity to engage directly with prominent stakeholders in the sector using its exhibition platform to host meetings with industry leaders. The gathering, he added, offered a chance to present new investment prospects and build partnerships with regional and international firms, efforts aimed at drawing high-value capital, fuelling growth in Sharjah’s jewelry trade, and cementing the emirate’s role as a regional hub for the industry.

Integrated logistics services

SAIF Zone’s Gold, Diamonds and Commodities Park has emerged as a strategic base for investors and traders in precious stones and metals. With world-class infrastructure and specialized facilities, the complex offers firms a competitive edge in a high-value sector. 

It combines advanced security systems with tailored manufacturing spaces and integrated logistics, ensuring both the safe handling of goods and the smooth functioning of global supply chains. For companies seeking to expand in the Gulf and beyond, the complex presents a gateway to regional and international markets, a role that further strengthens Sharjah’s standing as a hub for the industry. 

SAIF Zone stands out as a top investment destination in Sharjah, delivering competitive opportunities, streamlined services, and advanced infrastructure tailored to the needs of companies across the commercial, industrial, and service sectors. 

In addition, the Free Zone provides a comprehensive suite of business enablers, including customs facilities, expedited licensing, efficient shipping solutions, and immediate customs clearance, as well as other services which contribute to promoting an integrated and investor-friendly environment.

EFG Hermes KSA Completes Advisory on the IPO of Jamjoom Fashion, the Company behind the Nayomi and Mihyar brands, on Nomu

EFG Hermes KSA Completes Advisory on the IPO of Jamjoom Fashion, the Company behind the Nayomi and Mihyar brands, on Nomu
EFG Hermes KSA Completes Advisory on the IPO of Jamjoom Fashion, the Company behind the Nayomi and Mihyar brands, on Nomu

EFG Hermes, an EFG Holding company, and the leading investment bank in the Middle East and North Africa (MENA) region, announces the completion of its first role as Sole Financial Advisor and Lead Manager for an initial public offering (IPO) in Saudi Arabia, advising Jamjoom Fashion Trading Company on its IPO and listing on the Parallel Market (Nomu) of the Saudi Exchange. 

Jamjoom Fashion, a pioneer in building and scaling homegrown apparel and lifestyle brands across Saudi Arabia and the wider GCC region, offered 2,384,340 ordinary shares, representing 30% of its share capital, through a sale of shares owned by its parent company, Kamal Osman Jamjoom Trading Company. 

The offering attracted strong participation from a diverse base of high-quality local and international Qualified Investors, with strong participation from Saudi accounts, while having one of the highest participation rates from foreign investors in recent IPOs, all during challenging market conditions, underscoring the strength of the transaction and resulting in an order book of SAR 1,557 million, equivalent to 4.5x oversubscription. 

Saud Al Tassan, CEO of EFG Hermes KSA
Saud Al Tassan, CEO of EFG Hermes KSA

Saud Al Tassan, CEO of EFG Hermes KSA, commented, “We are proud to be partnering with Jamjoom Fashion on this landmark IPO, which underscores the strength of Saudi Arabia’s evolving retail landscape and the continued success of homegrown brands. This transaction marks a significant milestone in the Company’s growth while highlighting the depth and resilience of the Saudi capital markets. At EFG Hermes KSA, we remain committed to connecting leading businesses with investors and contributing to the Kingdom’s economic transformation under Vision 2030.”

Amr Abdel-Khabir, Managing Director at EFG Hermes’ Investment Banking division
Amr Abdel-Khabir, Managing Director at EFG Hermes’ Investment Banking division

Amr Abdel-Khabir, Managing Director at EFG Hermes’ Investment Banking division, added, “Our successful work on Jamjoom Fashion’s IPO highlights EFG Hermes’ ability to navigate transaction complexities and deliver seamless execution. Acting for the first time as both sole financial advisor and lead manager in KSA, we reinforced our unrivaled capacity to connect high-potential companies with diverse pools of investors across the MENA region. This landmark transaction marks another milestone in our mission to help issuers unlock value and fuel economic growth in Saudi Arabia and the wider GCC.”

Founded in 1992, Jamjoom Fashion is a leading Saudi-based apparel and lifestyle group and a pioneer in creating and scaling brands across the KSA and the Middle East, and the group behind Nayomi and Mihyar. As of June 2025, the company operates across the GCC with a network of 218 stores. The Company’s financial performance is characterized by strong revenue growth, sustainable margins, and bottom-line profitability.

Since the beginning of the year, EFG Hermes has advised on 6 M&A transactions, 9 DCM, and 10 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia, and Oman, underscoring its leadership in regional markets.