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Global Investors Forum 2025: A Strategic platform connecting the GCC with Eurasia through a unified investment ecosystem

Global Investors Forum 2025: A Strategic platform connecting the GCC with Eurasia through a unified investment ecosystem
Global Investors Forum 2025: A Strategic platform connecting the GCC with Eurasia through a unified investment ecosystem
  • Global Investors Forum 2025 brings together economic leaders from 40 countries
  • Strategic partnerships reshaping the future of global investment from the heart of Tbilisi
  • The UAE delegation consists of senior economic and corporation leaders to support Georgia’s sustainable development and technological transformation 
  • GIF 2025: An international initiative that fosters economic partnerships and opens new horizons for cross-border trade

Georgia’s capital Tbilisi is gearing up to host the Global Investors Forum (GIF 2025), one of the world’s leading economic platforms designed to strengthen cooperation between GCC countries and Eurasia through a unified investment ecosystem that accelerates growth, deepens economic ties, and expands cross-border investment opportunities.

GIF 2025 is organised in strategic partnership with EurAsia Gulf and the International Chamber of Commerce in Georgia (ICC Georgia), with AGI Holding serving as the main partner. The forum is also supported by the International Chamber of Commerce (ICC) and, Embassy of Georgia to the UAE, and the Hong Kong–Middle East Business Chamber.

The forum, a premier investment platform, is a major international gathering that connects global capital with promising investment opportunities across the world. Through a unified investment ecosystem, GIF brings together governments, investors, and international economic institutions under a shared vision of collaboration and sustainable growth.

The two-day event will include panel discussions, investment showcases, and high-level business matchmaking sessions, bringing together more than 1,500 participants, 70 institutional investors, and 50 international speakers from over 40 countries. Taking place from 4 to 5 December 2025, GIF 2025 will focus on five key sectors: sustainability and technology, tourism, digital assets and securitisation, real estate and infrastructure, agricultural technology (Agri-tech) and food security.

The forum, marking a major economic turning point for Georgia and the wider region, will witness the launch of strategic partnerships and the signing of major international Memoranda of Understanding between government and private investment institutions from various Arab and foreign countries, including the GCC countries. These agreements aim to create cross-border financing and cooperation channels in vital sectors such as clean energy, sustainable technologies, medical tourism, smart infrastructure, and digital agriculture as key areas for investment.

The event will feature high-profile participation from leading international economic figures, including H.E. Dr Abdullah Belhaif Al Nuaimi, Chairman of the Sharjah Consultative Council (UAE); H.E. Hamid Mohammed bin Salem, Secretary-General of the Federation of Chambers of Commerce and Industry (FCCI UAE); With the attendance of H.E Aisha Mohammed Saeed Al Mulla, Chairwoman of the UAE Businesswomen Council, along with a delegation from the Council; Dr Taysir Al Khunaizi, Partner and Deputy CEO of the Georgia Saudi Investment Corporation; and Dr Sadeddine Mneimne, Chairman of AGI Holding and Founder of the Global Investors Forum.

Also taking part are a distinguished group of global leaders, among them Aref bin Ali Al Abbar, President of the Hobbies Club in the United Arab Emirates, and Arif Anis, internationally recognised leadership expert and recipient of the Member of the Order of the British Empire (MBE); John W.H. Denton, Secretary-General of the International Chamber of Commerce; Chamas Awad, Founder and CEO of Euro Gulf Consulting and adviser to the Belgian Royal Family; and Hani Idris, Board Member of the International Development Bank (IDB).

They will be joined by senior investors, ministers, and heads of major economic institutions, sovereign wealth funds and multinational corporations, as well as delegations from more than 40 countries, all convening under the theme: Bridges Between Continents – From the GCC to Eurasia: Investing in the Future of Global Prosperity.”

Speaking on the occasion, His Excellency Dr Abdullah Belhaif Al Nuaimi, Chairman of the Sharjah Consultative Council – UAE, said: “The links between investment and sustainability are growing stronger amid rising global risks such as climate change, and resource depletion. By integrating environmental, social, and governance (ESG) standards, investors are seeking to reduce their exposure to volatile assets and strengthen long-term resilience. Green technologies, renewable energy, and nature-positive infrastructure have become increasingly attractive areas for capital, while AI-driven tools now support climate scenario modelling and help optimise investment portfolios. Sustainability is no longer merely an ethical choice; it has become a financial strategy for navigating environmental uncertainty.”

He added that the international forum aligns with the needs of the future, bringing together investors, decision-makers, policymakers, and academics under one roof to demonstrate the world’s ability to adapt and navigate all these mounting challenges.

Dr Sadeddine Mneimne, Founder of the Global Investors Forum and Chairman of AGI Holding, said: “The Global Investors Forum is not just a conference, it is a strategic economic platform reshaping the map of global cooperation by connecting the GCC with Eurasia through a unified framework for investment and partnership.” He underscored as saying as: “The upcoming edition of the forum in Tbilisi will mark a pivotal turning point in strengthening economic integration between East and West. It will catalyse a new wave of cross-border investments and open unprecedented opportunities for global capital. The forum aims to foster long-term partnerships between governments, international institutions, and the private sector, reinforcing global economic cooperation and redefining the investment landscape across the region.”

Arif Anis, recipient of the Member of the Order of the British Empire (MBE), said: “It is a great honour to participate as a keynote speaker at the Global Investors Forum 2025, at a time when global capital is experiencing significant turbulence, with foreign direct investment slowing and funding for vital projects declining by 26%. This is precisely why Dr Sadeddine Mneimne’s vision stands out as exceptional, he is not simply organising a conference but boldly confronting an unsettled economic reality with clarity and bravery.

He added: “The GIF will explore the future of global finance, as 130 countries move towards digital currencies, alongside the accelerating artificial intelligence revolution, which has attracted 37% of global investment capital.  The forum will bring together more than 1,000 industry leaders at precisely the right time and in the right place, to launch through the major conversations that will shape the decade ahead.”

John W.H. Denton, Secretary-General of the International Chamber of Commerce, said: “In a time of uncertainty and disruption, the private sector has a critical role to play in driving the investments that help economies and communities thrive. As the voice of business representing over 45 million companies across 170 countries, our mission to make business work for everyone, every day, everywhere has never been more urgent.”

The forum represents a significant step forward in advancing international cooperation between emerging markets and global investors. By hosting GIF 2025, Georgia aims to reinforce the importance of economic collaboration in connecting the Middle East with Europe and Central Asia. UAE-Georgia economic relations have been experiencing rapid growth, with both countries enjoying increasing trade and investment flows in recent years, supported by major investment agreements exceeding USD 6 billion in development and infrastructure projects. Recent data shows that the UAE now accounts for more than 63 percent of Georgia’s total trade with Arab countries, while its investments in Georgia represent 5 percent of its total foreign trade investment (FDI), placing the UAE as Georgia’s sixth-largest global investor. 

GIF 2025 is expected to yield a series of major investment agreements valued at hundreds of millions of dollars, with a strong emphasis on advancing green projects and financing innovation in renewable energy and digital infrastructure. These anticipated outcomes will further solidify the UAE’s position as a global economic hub connecting GCC markets with Europe and Asia and strengthen its influential presence within the new global economic landscape.

Dubai Future Foundation Launches Space Solar Power Report During Dubai Future Forum 2025

Dubai Future Foundation Launches Space Solar Power Report During Dubai Future Forum 2025
Dubai Future Foundation Launches Space Solar Power Report During Dubai Future Forum 2025

A promising technology that collects solar energy outside Earth’s atmosphere and beams it wirelessly to the ground via microwaves

During the fourth edition of the Dubai Future Forum, the world’s largest gathering of futurists, the Dubai Future Foundation (DFF) today launched “The Future of Space Solar Power” report. The report highlights the potential of space-based solar power (SBSP) as a promising solution to global energy challenges, as global electricity demand is expected to triple to 70,000 TWh annually by 2050.

SBSP operates by collecting solar energy in space—outside Earth’s atmosphere—and transmits it wirelessly to the ground through microwaves. This technology offers a continuous and sustainable source of clean energy and opens significant economic and developmental opportunities, with the global SBSP market expected to reach USD 2 trillion.

The report outlines a wide range of sectors that stand to benefit from SBSP, including the space and aviation industry, the energy sector, financial services and investment, infrastructure and construction, the automotive sector, and public utilities.

Abdulaziz AlJaziri, Deputy CEO of DFF, said the report showcases a promising opportunity that could drive a transformative shift in the global energy landscape in the coming years and decades. He noted that SBSP offers humanity the possibility of accessing a sustainable and unlimited clean energy source.

AlJaziri added that launching the report during the Dubai Future Forum, the world’s largest gathering of futurists and future-focused organisations, builds on a global dialogue initiated at the Museum of the Future in 2023 to explore the potential of SBSP in shaping the future of energy. He emphasised that the report aims to assess the technology’s capabilities, benefits, testing pathways, and collaboration opportunities with relevant stakeholders to turn its applications into reality.

The report identifies five essential components required for the SBSP system. These include launch systems that transport dedicated solar power satellites into outer space; in-orbit assembly platforms for building SBSP stations; solar energy capture technologies; wireless transmission systems that beam the collected energy to Earth; and ground receiving stations that convert the transmitted energy into usable electricity.

The report expects that by 2050, 90% of rapidly growing global electricity demand will be met by renewable sources. However, current renewable technologies are estimated to meet only two-thirds of total electricity needs, making large-scale alternative solutions such as SBSP an increasingly important and credible option to support global decarbonisation efforts.

The report also highlights the rapid global momentum surrounding SBSP, as governments and companies across Asia, Europe and North America invest in promising pilot projects and innovations. SBSP leverages existing technologies such as spacecraft used to deploy satellites into orbit and microwave transmission systems. Unlike terrestrial renewables, SBSP provides continuous clean energy day and night, regardless of weather conditions or geographic location.

In addition, the report examines the path toward commercialisation, detailing the technological infrastructure, regulatory frameworks and collaborative efforts required to transition SBSP from experimental concepts to real-world deployment.

The full Future of Space Solar Power report is available on Dubai Future Foundation’s website at: https://www.dubaifuture.ae/reports/the-future-of-energy-space-solar/

Baladna’s Board Proposes a 24% Capital Increase via Rights Issue to Accelerate International Expansion and Long-Term Growth

Baladna’s Board Proposes a 24% Capital Increase via Rights Issue to Accelerate International Expansion and Long-Term Growth
Baladna’s Board Proposes a 24% Capital Increase via Rights Issue to Accelerate International Expansion and Long-Term Growth

Baladna Q.P.S.C., Qatar’s largest dairy and beverage company, today announced that its Board of Directors has proposed a 24% capital increase via a Rights Issue, subject to regulatory approvals and a shareholder vote at an upcoming Extraordinary General Meeting (EGM).

The proposed Rights Issue marks the next phase in Baladna’s long-term strategic journey, as the Company looks to build on its success in Qatar and scale into a regional leader in vertically integrated dairy and beverage production. This aims to strengthen Baladna’s capital base and preserve the strategic flexibility to pursue long-term value creation across high-potential markets. 

Mr. Marek Warzywoda, Group CEO, commented: “We’ve built a resilient business model anchored in food security, operational efficiency, and disciplined execution. Baladna delivered record 9M 2025 operational and financial performance, and this proposed capital increase represents a strategic step to scale our international footprint and build long-term value. Our ambition is to transform Baladna from a national Qatari champion into a regional powerhouse, to become one of the top dairy and beverage producers in the MENA and international markets.”

Baladna’s strategy is built around a proven, scalable model that integrates large-scale farming, modern processing capabilities, and deep in-market distribution. Today, Baladna is taking its proven model to underserved markets across the region, supporting nations in building their own resilient food systems. The Company is now executing on several landmark initiatives to expand its footprint across priority markets through its strategy of “From Qatar to the World”.

In Algeria, the Company is actively progressing one of the world’s largest vertically integrated dairy projects, with a total investment of USD 3.5 billion. The project spans 117,000 hectares of leased farmland, is designed to house 240,000 Holstein cows, and is expected to produce up to 1.7 billion liters of milk and 198,000 tons of milk powder annually. Fully funded and already under construction, the project is majority owned by Baladna (51% equity stake) in partnership with Algeria’s National Investment Fund (49% equity stake).

In Syria, Baladna’s Board has approved a USD 250 million investment to establish an integrated industrial complex that includes dairy production, juice, plastic packaging, and water treatment facilities. The project positions Baladna as a first mover in a market with significant growth potential and limited local production capacity.

The Company is also actively evaluating expansion opportunities in selected African markets, where Baladna’s scalable farm-to-shelf platform can serve fast-growing populations and support national self-sufficiency goals. 

These initiatives reflect Baladna’s ambition to evolve from a symbol of Qatar’s capacity as a local champion towards a leader beyond its borders. As it looks to the future, Baladna aims to increase its EBITDA to QR 1.4B by 2030 compared to QR 0.4B in 2024 baseline year, representing a 3.5x improvement, underpinned by international expansion, continued operational efficiency, and innovation in high-quality food production.

The proposed Rights Issue follows the recent 7.1% capital increase via bonus shares approved on November 6, 2025, and marks the next step in Baladna’s capital strategy by aligning shareholder value creation with the Company’s growing international ambitions. For the first nine months of 2025, the Company reported record-breaking financial performance with strong profitability, with revenue of QAR 941 million (up 10% year-on-year “YoY) and net profit of QAR 381 million (up 170% YoY). 

Further details on the proposed Rights Issue, including the issue price, subscription ratio, record date, and proposed use of proceeds, will be announced following Board and regulatory approvals.

Dubai Future Foundation Launches Space Solar Power Report During Dubai Future Forum 2025

Dubai Future Foundation Launches Space Solar Power Report During Dubai Future Forum 2025
Dubai Future Foundation Launches Space Solar Power Report During Dubai Future Forum 2025

During the fourth edition of the Dubai Future Forum, the world’s largest gathering of futurists, the Dubai Future Foundation (DFF) today launched “The Future of Space Solar Power” report. The report highlights the potential of space-based solar power (SBSP) as a promising solution to global energy challenges, as global electricity demand is expected to triple to 70,000 TWh annually by 2050.

SBSP operates by collecting solar energy in space—outside Earth’s atmosphere—and transmits it wirelessly to the ground through microwaves. This technology offers a continuous and sustainable source of clean energy and opens significant economic and developmental opportunities, with the global SBSP market expected to reach USD 2 trillion.

The report outlines a wide range of sectors that stand to benefit from SBSP, including the space and aviation industry, the energy sector, financial services and investment, infrastructure and construction, the automotive sector, and public utilities.

Abdulaziz AlJaziri, Deputy CEO of DFF, said the report showcases a promising opportunity that could drive a transformative shift in the global energy landscape in the coming years and decades. He noted that SBSP offers humanity the possibility of accessing a sustainable and unlimited clean energy source.

AlJaziri added that launching the report during the Dubai Future Forum, the world’s largest gathering of futurists and future-focused organisations, builds on a global dialogue initiated at the Museum of the Future in 2023 to explore the potential of SBSP in shaping the future of energy. He emphasised that the report aims to assess the technology’s capabilities, benefits, testing pathways, and collaboration opportunities with relevant stakeholders to turn its applications into reality.

The report identifies five essential components required for the SBSP system. These include launch systems that transport dedicated solar power satellites into outer space; in-orbit assembly platforms for building SBSP stations; solar energy capture technologies; wireless transmission systems that beam the collected energy to Earth; and ground receiving stations that convert the transmitted energy into usable electricity.

The report expects that by 2050, 90% of rapidly growing global electricity demand will be met by renewable sources. However, current renewable technologies are estimated to meet only two-thirds of total electricity needs, making large-scale alternative solutions such as SBSP an increasingly important and credible option to support global decarbonisation efforts.

The report also highlights the rapid global momentum surrounding SBSP, as governments and companies across Asia, Europe and North America invest in promising pilot projects and innovations. SBSP leverages existing technologies such as spacecraft used to deploy satellites into orbit and microwave transmission systems. Unlike terrestrial renewables, SBSP provides continuous clean energy day and night, regardless of weather conditions or geographic location.

In addition, the report examines the path toward commercialisation, detailing the technological infrastructure, regulatory frameworks and collaborative efforts required to transition SBSP from experimental concepts to real-world deployment.

The full Future of Space Solar Power report is available on Dubai Future Foundation’s website at: https://www.dubaifuture.ae/reports/the-future-of-energy-space-solar/

Nasdaq Dubai Welcomes USD 500 Million Sukuk Listing by the Islamic Corporation for the Development of the Private Sector

Nasdaq Dubai Welcomes USD 500 Million Sukuk Listing by the Islamic Corporation for the Development of the Private Sector
Nasdaq Dubai، USD 500 Million، Sukuk Listing، Islamic Corporation for the Development of the Private Sector، ICD، Dubai، Sukuk، Islamic Finance، Capital Markets

Nasdaq Dubai has welcomed the listing of USD 500 million Trust Certificates (Sukuk) issued by ICDPS Sukuk Limited, guaranteed by The Islamic Corporation for the Development of the Private Sector (ICD), a multilateral financial institution and member of the Islamic Development Bank (IsDB) Group.

Rated A2 (Stable) by Moody’s, A (Stable) by S&P, and A+ (Stable) by Fitch, ICD priced the benchmark five-year Reg S senior unsecured Sukuk at 65 basis points over U.S. Treasuries, with a profit rate of 4.391%, paid semi-annually. The transaction attracted strong investor demand, with order books exceeding USD 2 billion (excluding joint lead manager interest), underscoring the market’s deep confidence in ICD’s financial strength and development mandate.

The Sukuk, maturing in 2030, was issued under the ICDPS Sukuk Limited Trust Certificate Issuance Programme. Al Rayan Investment, Bank ABC, Dubai Islamic Bank, GIB Capital, HSBC Bank plc, KFH Capital, JP Morgan, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank were Joint Lead Managers and Bookrunners. 

With this latest addition, the total value of ICD’s outstanding Sukuk listings on Nasdaq Dubai now stands at USD 1 billion. It marks ICD’s fourth Sukuk listing on Nasdaq Dubai, following a USD 300 million issuance in 2016, USD 600 million issuance in 2020 and a USD 500 million issuance in 2024.

Dr. Khalid Khalafalla, Acting CEO of ICD, stated: “We are pleased to return to Nasdaq Dubai for our fourth Sukuk listing. This successful USD 500 million Sukuk issuance, which was significantly oversubscribed, is a powerful testament to the market’s strong confidence in ICD’s creditworthiness and development mission. The proceeds will be instrumental in accelerating private sector growth across our member countries, in line with our commitment to expanding Shariah-compliant financial solutions.”

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “We are pleased to welcome the Islamic Corporation for the Development of the Private Sector’s latest USD 500 million Sukuk listing on Nasdaq Dubai.  This new transaction builds on our longstanding relationship with ICD and underscores Dubai’s ongoing efforts to expand its Islamic capital markets. The strong investor demand highlights Dubai’s role as a preferred destination for high-quality Sukuk offerings that enable access to a broad and diverse investor base.”

Nasdaq Dubai continues to strengthen its position as one of the world’s leading Sukuk listing venues, with a total value of USD 102 billion in listed Sukuk. The exchange provides a robust platform for regional and international issuers to raise capital and support economic growth through Shariah-compliant financing instruments.

Events Investment Fund Boosts Saudi Sports, Culture, Tourism and Entertainment Sectors with Launch of First Landmark Project

Events Investment Fund Boosts Saudi Sports, Culture, Tourism and Entertainment Sectors with Launch of First Landmark Project
Events Investment Fund Boosts Saudi Sports, Culture, Tourism and Entertainment Sectors with Launch of First Landmark Project
  • US$131m Riyadh Shooting Range & Entertainment Complex to create 2,300+ jobs and attract 400,000 visitors annually.

The Events Investment Fund (EIF) — launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — today announced the development of the Riyadh Shooting Range & Entertainment Complex, its first landmark project at an investment exceeding SAR 491 million (over US$ 131 million).

The announcement was made at the inaugural TOURISE Summit in Riyadh, the world’s premier platform for shaping the future of global tourism.

Situated just 40 minutes from Riyadh, the state-of-the-art Riyadh Shooting Range & Entertainment Complex is located within Qiddiya City, the new global destination built entirely around the Power of Play. Located on a 457,000 sqm site, it will feature a world-class Shooting Sport venue that complies with International Shooting Sport Federation (ISSF) standards. It will host international and national events and provide both professional and amateur shooting training facilities, with professional and commercial ranges for pistol, rifle, and shotgun disciplines.

The venue is designed with the capability to host national and international shooting events, including Asian Games, World Cups, Grand Prix and Olympic events, and is fully supported by the Saudi Shooting Federation (SSF). The Entertainment Complex will also comprise a wide range of experiences for corporate events and families, including paintball, airsoft, laser tag, and virtual shooting. The facility is anticipated to create more than 2,300 jobs and attract over 400,000 visitors annually.

EIF’s Chief Executive Officer, Mr. Wahdan Suliman Alkadi said: “The Riyadh Shooting Range marks a major milestone in the journey of the Events Investment Fund and is our first landmark project, built to Qiddiya City’s international standards. This development reflects our commitment to creating world-class venues that enhance the Kingdom’s events infrastructure, stimulate investment opportunities, and contribute to achieving the goals of Saudi Arabia’s Vision 2030.”

Muhannad AlDawood, Chief Strategy Officer for Qiddiya Investment Company also commented: “We’re delighted to welcome the Events Investment Fund and the Riyadh Shooting Range to Qiddiya City. As we embark on our journey to host a range of world-class sporting facilities, accessible to members of the public, enthusiasts and high performing athletes alike, this dedicated facility and entertainment complex is the latest exciting addition to the world’s first city built for play.”

EIF expects to announce early next year similar projects in other cities to reinforce its commitment to building sustainable event infrastructure that enhances quality of life, supports economic diversification, and positions Saudi Arabia as a leading global destination for leisure and sport.

ADGM Marks 10 Years of Unrivalled Growth and Innovation as the Region’s Leading Financial Centre

ADGM Marks 10 Years of Unrivalled Growth and Innovation as the Region’s Leading Financial Centre
ADGM Marks 10 Years of Unrivalled Growth and Innovation as the Region’s Leading Financial Centre

 ADGM, Abu Dhabi’s international financial centre (IFC), marks its 10th anniversary, celebrating a period of exceptional growth, regulatory excellence, and financial innovation. 

Since its inception in 2015, the centre has attracted more than 300 financial firms, who today manage a combined USD 28.6 trillion globally, according to estimates from the Alternative Investment Management Association (AIMA), firmly positioning Abu Dhabi as a global “Capital of Capital.” These include hedge funds, banks, large asset managers, private equity, venture capital and credit funds. 

Growth over the past three years has been especially rapid, with the number of financial firms rising from 131 at the end of 2021 to 308 as of H1 2025, a 135% growth in 42 months, making ADGM one of the world’s fastest-growing financial hubs in recent years. Meanwhile, ADGM achieved the objectives of its 5-year Growth Strategy (2022-2027) in just three years

Established with the ambition of transforming Abu Dhabi into a global hub for business and finance, ADGM has successfully navigated early challenges, including a global pandemic, to emerge as a resilient and future-ready IFC. In recent years, the centre has entered a period of accelerated growth, becoming the fastest growing financial centre in the Middle East, Africa and South Asia (MEASA)  and the region’s largest financial centre in terms of active licences.

The rapid growth of ADGM across its key indicators since its inception is a testament to its success and international standing. From 2015 through to the end of 2024, Assets Under Management (AUM) within ADGM have demonstrated a remarkable triple-digit Average Annual Growth Rate (AAGR) of 123%.

This performance has been supported by exponential growth in fund activity, where the number of funds and fund/asset managers, both metrics, achieved strong AAGRs of 62% over the same period. Meanwhile, active licences have grown at a robust 71% AAGR, and operational entities have expanded by 62%.

Commenting on this significant milestone, H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM,  said, “Aligned with the vision and guidance of Abu Dhabi’s strategic leadership, ADGM has seen unprecedented growth within its short history and matured into a global financial powerhouse, attracting some of the world’s leading financial institutions. As we look to the next decade, our ambition to make ADGM one of the top five international financial centres globally is stronger than ever. Given what we’ve achieved so far, what we can build in the next ten years will be even greater.”

Recent figures for H1 2025 demonstrate ADGM’s sustained momentum across critical metrics, including a 42% year-on-year increase in AUM and a total of 154 fund and asset managers overseeing 209 funds. Meanwhile, the number of active licences in ADGM reached 11,128 – the highest in the region – while operational entities rose 42% to 2,972.

These sustained growth numbers are a clear indication of ADGM’s rising appeal among global investors and underpin Abu Dhabi’s draw for institutional players, which are anchoring their regional and global hubs in the Emirate. 

A Decade of Building Trust: Attracting Trillion-Dollar Titans

ADGM’s robust regulatory framework, the first and only jurisdiction in the region to directly apply English common law, has become a benchmark of trust and transparency for international investors. Since its inception, the number of financial entities within ADGM – an increasingly significant share of all operational entities – had climbed at an AAGR of 55% by the end of 2024. ADGM’s strong ties with Abu Dhabi’s sovereign wealth funds, which hold a combined USD 1.82 trillion, have also made it a compelling destination for global asset managers.

Over the past few years, ADGM has welcomed some of the world’s most prestigious financial institutions, notably BlackRock, State Street Global Advisors, PGIM, Nuveen, Carlyle, Apollo, and many more. In 2025 alone, UBS, Davidson Kempner, Monroe Capital, Adam Street, HarbourVest, Carta, Kimmeridge, Investindustrial, PATRIZIA, Polen Capital, Seviora, Arcapita, Harrison Street, Partners Capital and Oryx Global Partners have joined its growing community, reinforcing ADGM’s position as the financial centre of choice for the world’s leading investment firms.

A Decade of Developing World-Class Infrastructure 

ADGM’s remarkable growth has been underpinned by world-class infrastructure that supports its vision as a global financial powerhouse. ADGM has evolved into one of the world’s largest financial districts, spanning 14.3 million square metres across both Al Maryah Island and Al Reem Island.

The expansion to Al Reem Island increased ADGM’s jurisdiction tenfold, enabling it to meet rising demand from international firms seeking a strategic base in the region. The IFC’s expanding footprint now includes Al Maryah Tower, investments in commercial and residential projects such as Reem Hills, as well as world-class education and healthcare infrastructure, such as the Sorbonne University, Repton Abu Dhabi, Cleveland Clinic and many more, which have been designed to support a holistic urban experience. 

A Decade of Empowering Human Capital

At the heart of ADGM’s success lies its people. As part of its broader commitment to Abu Dhabi’s vision of the “Capital of Capital”, ADGM has played a pivotal role in building human capital that drives innovation, inclusion, and resilience.

Since its establishment, the workforce across ADGM’s financial district has grown at an AAGR of 23% until the end of 2024. With the completion of its expansion to Al Reem Island, ADGM’s jurisdiction now covers Al Maryah Island and Al Reem Island, with more than 36,000 individuals contributing to the centre’s vibrant and diversified ecosystem.

Such growth reflects Abu Dhabi’s appeal as a place where individuals can live, work, and thrive within the world’s safest and most liveable city. ADGM’s investment in bringing people and talent to Abu Dhabi, be it visionaries, problem-solvers, and creators, powers the UAE capital’s evolution into a modern Renaissance state, where financial, cultural, and technological capital intersect, anchored by human ingenuity and purpose.

A Decade of Pioneering Regulations: Shaping the Future of Finance

Beyond the growth numbers, ADGM has established itself as a regional leader in regulatory innovation, building a future-ready legal environment that instils global investor confidence.

From introducing frameworks and guidance on the Virtual Assets, DLT Foundations, Fiat-Referenced Tokenisation (FRT) and Real Property to Capital Markets, Alternative Investment Funds, Private Credit, Sustainable Finance and ESG, ADGM and its authorities have been instrumental in pioneering progressive regulations, rooted in global best practices. 

Additionally, initiatives such as the RegLab, Fintech and Digital Sandbox, as well as efforts in the area of Anti-money Laundering (AML), Counter Financing of Terrorism (CFT) and chairing the UAE Sustainable Finance Working Group (SFWG) have strengthened market integrity within ADGM’s ecosystem.

Over the past decade, these concerted efforts to develop a stable regulatory environment – while simultaneously fostering innovation and collaboration with global and regional policymakers – have successfully attracted leading international institutions and reinforced ADGM’s status as a trusted and agile jurisdiction, shaping the future of finance in Abu Dhabi.

A Decade in Motion: ‘The Path to Forward’

In 2024, ADGM launched its ‘The Path to Forward’ brand, a powerful message that reflects the centre’s role as an enabler of growth, connectivity, and innovation for Abu Dhabi and the wider region.

Going forward, ADGM will continue to set new benchmarks for innovation and resilience in areas from regulation and digital assets to AI, green finance, and family office services. The next decade will build on this foundation, with a renewed commitment to global standards, inclusive growth, and future-readiness, guided by the UAE’s visionary leadership. ADGM also plans to lead in regulation and innovation and redefine what an IFC can be – a global gateway, a platform for change, and a magnet for next-generation financial talent.

Looking ahead, ADGM is seeking to position itself as one of the top 5 international financial centres, on par with New York, London, and Singapore. As part of this journey, ADGM is expanding its global footprint with a series of international roadshows in collaboration with other key Abu Dhabi entities.

Meanwhile, ADGM’s flagship event, Abu Dhabi Finance Week (ADFW), has evolved to become one of the biggest gatherings in global finance. Collectively, these efforts are elevating Abu Dhabi’s international profile and reinforcing its status as a premier destination for global finance.

2026 RLC Global Forum Defines Growth Crossroads for a World in Transition

2026 RLC Global Forum Defines Growth Crossroads for a World in Transition
2026 RLC Global Forum Defines Growth Crossroads for a World in Transition

At a moment when the world is rethinking how progress is achieved, the 2026 RLC Global Forum has presented its thematic framework, “Growth Crossroads,” and will convene in Riyadh under this overarching vision.

The Forum will explore six defining themes that capture the transformation reshaping global trade, consumption, and leadership:

  • Growth in a Reordered World
  • AI and the Power of Multipliers
  • The Global South as Growth Engine
  • Experience as Growth Infrastructure
  • The Future Consumer Order
  • Leadership Beyond Resilience

As the world’s economic and cultural gravity continues to shift, Riyadh stands at the intersection of transformation by connecting East and West, tradition and innovation, and providing the ideal stage for this global dialogue.

The Forum’s launch coincides with the announcement of two strategic partnerships with Cenomi Centers and Panda Retail Company, highlighting Saudi Arabia’s emergence as a driving force in the global growth narrative.

“From Riyadh, a new conversation begins,” said Panos Linardos, Chairman of RLC Global Forum. “By anchoring our 2026 year-round growth agenda and aligning with visionary partners like Cenomi Centers and Panda Retail Company, we reflect a broader truth: the next decade of prosperity will be defined by collaboration between emerging and established markets.”

Alison Rehill-Erguven, Chief Executive Officer, at Cenomi Centers commented: “We are proud to partner with RLC Global Forum, a platform that shares our commitment to shaping the future of retail in Saudi Arabia. Cenomi’s participation reflects our dedication to driving innovation, collaboration, and excellence across the sector – contributing to the Kingdom’s Vision 2030 goals and redefining the customer experience through world-class destinations.”

Dr. Bander Hamooh, CEO of Panda Retail Company, stated: “At Panda Retail Company, we are proud of our strategic partnership with 2026 RLC Global Forum and look forward to sharing our vision for the future of retail in the Kingdom and the region. Together with industry leaders from around the world, we aim to shape a more sustainable future, one that is centered on exceptional customer experience, enhanced by digital transformation and intelligent governance, and supported by sustainable supply chains that create lasting value for both society and the economy.”

Taking place on February 3–4, 2026, the RLC Global Forum will bring together more than 2,000 global leaders, policymakers, and innovators from over 40 countries to define the next chapter of growth across retail, consumer, and lifestyle industries.

talabat reports strong results for Q3 2025 and reiterates guidance for the full year

talabat reports strong results for Q3 2025 and reiterates guidance for the full year
talabat reports strong results for Q3 2025 and reiterates guidance for the full year

Talabat Holding plc (“talabat” or the “Company”), the leading on-demand online ordering and delivery platform in the MENA region, today announces its pro forma financial results for the three-month and nine-month period ended 30 September 2025.

GMV grew 26% for the third quarter versus the prior year to reach USD 2.4 billion. On a constant currency basis, GMV grew at a faster rate of 27%. Revenue grew 31% to reach USD 1.0 billion for the period and, at constant currency, grew 32%. Adjusted EBITDA grew 21% to USD 154 million, or 6.4% of GMV, and net income grew 31% to USD 119 million or 4.9% of GMV. On an adjusted basis, excluding non-operating items to allow for a more like-for-like comparison, net income grew 15% to USD 112 million or 4.6% of GMV.

This strong performance continued to be driven by top line growth across both GCC markets (UAE, Kuwait, Qatar, Bahrain and Oman) and non-GCC markets (Egypt, Jordan and Iraq) as well as across both the Food and Grocery & Retail (“G&R”) verticals. Demand growth reflected accelerated customer acquisition and increased average order frequency. 

Looking ahead, the Company is confident of continued growth and has reiterated guidance for the full year, which was revised upwards earlier this year. GMV growth is expected to be in the 27-29% range on a constant currency basis, revenue growth of 29-32% on a constant currency basis, Adjusted EBITDA margin of 6.5%, net income margin at 5.0%, Adjusted Free Cash Flow at 6.0% and a minimum dividend payout of USD 400 million

Highlights for the period include:

  • GMV of USD 2.4 billion, up 26% year-on-year and 27% at constant currency.
    • Strong double digit growth in the core GCC segment and Food vertical, and even faster growth in non-GCC markets and the G&R vertical, albeit from a lower base.
    • Driven by customer acquisition and higher order frequency with a surge in talabat pro adoption.
    • GMV geographical mix was 81% GCC and 19% non-GCC (prior year: 84% and 16%).
  • Management Revenue of USD 1.0 billion, up 31% year-on-year and 32% at constant currency, representing a GMV-to-revenue conversion ratio of 42% (prior year: 40%). 
    • The higher conversion ratio mainly reflected a higher share of tMart and subscription revenues that more than offset lower commission rates (which were lower due to the higher G&R share of GMV).
  • Adjusted EBITDA of USD 154 million, up 21% year-on-year and equivalent to 6.4% of GMV (prior year: 6.6%).
    • This mainly reflected lower gross profit margins, driven by the ongoing shift in the GMV product mix, that were partly offset by improved cost margins.
  • Net income of USD 119 million, 31% higher than the prior year and equivalent to 4.9% of GMV (prior year: 4.7%), benefitting from higher net finance income and absorbing the impact of increased corporate income tax rates of 15% in the GCC markets.
  • Adjusted Net Income of USD 112 million, up 15% year-on-year and equivalent to 4.6% of GMV (prior year: 5.1%), when excluding the benefits of net finance income this year and foreign currency impacts in the comparison period.
  • Adjusted Free Cash Flow of USD 99 million, 16% lower year-on-year, and equivalent to 4.1% of GMV (prior year: 6.1%), reversing bumper net working capital cash flows from the second quarter and reflecting new tax payments. This was equivalent to a Cash Conversion Ratio of 65% (prior year: 93%). 
Tomaso Rodriguez, Chief Executive Officer of talabat
Tomaso Rodriguez, Chief Executive Officer of talabat

Tomaso Rodriguez, Chief Executive Officer of talabat, commented: “Over the past year, we have worked relentlessly to strengthen our ecosystem and deliver greater value to customers, partners and riders. I couldn’t be prouder of our work. With over 80,000 vendors now on our platform, a fleet of more than 160,000 riders, and more than USD 560 million in partner-funded savings availed by customers in the last twelve months, talabat continues to set the standard for customer experience in the region. 

“Engagement levels have never been higher, with more than one in three customers now using multiple verticals, ordering both food and groceries through our app. Over a quarter of our monthly active users are talabat pro subscribers, driving nearly half of total gross merchandise value. Our highest value customers, already ordering more than 30 times per month, also continue to increase their engagement as they discover new occasions to use our platform. 

“Importantly, this strong momentum has been matched by robust financial performance. Our margins remain among the best in the industry, with Adjusted EBITDA of 6.4% of GMV for the third quarter, more than half driven by adtech solutions for our restaurant partners and CPGs. The UAE, our largest market, continues to grow in line with the Group average, while Kuwait, our most established market, maintains strong double-digit growth. Our core Food vertical grew nearly 20% year-on-year this quarter, and our Grocery and Retail vertical by over 40%. We have reaffirmed our full-year guidance and remain confident in the significant opportunities ahead as we continue to scale sustainably and drive profitable growth.”

 

Q3 and 9M 2025 pro forma financial information:

USD millions Q3 2025 Q3 2024 %Δ y/y 9M 2025 9M 2024 %Δ y/y
GMV 2,422 1,929 26% 6,945 5,384 29%
o/w GCC 1,952 1,630 20% 5,727 4,608 24%
o/w non-GCC 469 299 57% 1,218 776 57%
GMV at cFX 2,447 1,929 27% 7,038 5,384 31%
Management Revenue 1,009 772 31% 2,837 2,132 33%
Management Revenue at cFX 1,020 772 32% 2,879 2,132 35%
Adjusted EBITDA 154 128 21% 459 358 28%
margin (% of GMV) 6.4% 6.6% -0.3pp 6.6% 6.7% -0.04pp
Net income 119 91 31% 341 208 64%
margin (% of GMV) 4.9% 4.7% 0.2pp 4.9% 3.9% 1.0pp
Adjusted Net Income 112 98 15% 328 271 21%
margin (% of GMV) 4.6% 5.1% -0.4pp 4.7% 5.0% -0.3pp
Adjusted Free Cash Flow 99 119 -16% 424 345 23%
margin (% of GMV) 4.1% 6.1% -2.0pp 6.1% 6.4% -0.3pp
Cash Conversion Ratio 65% 93% -28pp 92% 96% -3.8pp

The full set of disclosures today can be found within the Investor Relations section on talabat’s website.