"Someone would open the door, and I would run and grab the opportunity."

The Boy from the Souk Who Never Missed a Wave

Featuring

Hussain Sajwani

Founder Of DAMAC Properties

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Cover Story

FOUAE Daily

The five stories
moving the UAE today

Wednesday, September 30

Curated 10:00 AM GST · Refreshed daily

Network Live: Etihad Rail Begins Passenger Services Between Abu Dhabi, Dubai and Fujairah Today

Dubai's Al Yalayis station was inaugurated on Monday with President Sheikh Mohamed travelling by train from Abu Dhabi, and regular services start today alongside Al Dhaid in Sharjah. Comfort Class fares begin at AED39 and Premium at AED109, with a dedicated pedestrian bridge linking the station to Jumeirah Golf Estates Metro. Operations run through Etihad Rail Mobility, a joint venture with Keolis, cutting Abu Dhabi to Dubai to about 57 minutes.

Second Tranche: UAE Plans Another $25 Billion of Investment Into India

A UAE minister said the country expects to significantly increase deployment into India, having already invested $25 billion, as the two sides work toward $200 billion in bilateral trade by 2032. It follows January's package covering defence, space, energy, supercomputing and food safety, plus FAB and DP World operations in GIFT City. For UAE corporates, India is now the clearest offset to constrained Gulf trade routes.

US Property: Adia Backs the Buyout of Slate Grocery REIT

The Abu Dhabi Investment Authority is supporting the take-private of the US-listed grocery-anchored real estate trust, extending its exposure to defensive, income-producing American retail property. The deal fits Adia's pattern of partnering on large take-privates rather than building minority public stakes.

Rulebook Shift: ADGM Moves First on Fund Framework Reform as DIFC Consults

The ADGM Financial Services Regulatory Authority published amendments to several key rules on September 16 that took effect immediately, while the DFSA has closed consultation on a wide overhaul of the DIFC fund regime, including employee co-investment and removal of the External Fund Manager category. Both centres are moving toward more proportionate, risk-based regulation of fund management. Managers weighing domicile now have a genuinely different comparison to make than a year ago.

Confirmed Visit: Sheikh Mohamed Meets Netanyahu in Abu Dhabi

The UAE president hosted the Israeli prime minister in Abu Dhabi, confirming the private visit reported by Israeli media over the weekend. It lands while Anwar Gargash publicly frames the UAE as seeking dialogue with Iran, and while Washington and Tehran remain deadlocked over the terms for reopening the Strait of Hormuz.

The Archive