Author: UAE Gazette

“We are delighted to deepen S&C’s connection to one of the world’s most dynamic financial centers with a new office in Abu Dhabi,” said Robert Giuffra and Scott Miller, Co-Chairs of Sullivan & Cromwell. “Underscoring our long-term commitment to the region, we are pleased to welcome back Ahmed to S&C. He is an outstanding lawyer who is ideally placed to lead our work in the Middle East as we build on the longstanding relationships and track record we have developed advising our clients on their most critical matters across the region.”

GAC Commercial Vehicle debuted at IAA TRANSPORTATION 2026 under the theme “Delivering the Future Together”, showcasing products, technologies and open-ecosystem achievements across its new-energy heavy and light commercial vehicle businesses. GAC Commercial Vehicle partners with Pony.ai and Aulton to showcase L4 autonomous driving and efficient battery-swapping solutions based on GAC’s T9 truck. The company’s new light commercial vehicle brand MONTX made its overseas debut with its P10 and V10 concept vehicles, All-Domain Adaptive Architecture (ADAA) and MONTX Makers, its global user product co-creation initiative. The production SMILODON Pro pickup was also displayed.

On September 14, IAA TRANSPORTATION 2026 opened in Hannover. BAIC FOTON presented complete vehicles and self-developed components, with several overseas debuts. It shared its European strategy, global milestones and new flagship products, moving from traditional exports to a full-value-chain international model.13 Million Vehicles Delivered, Marking a New Milestone in FOTON’s Global DevelopmentBAIC FOTON delivered its 13 millionth vehicle worldwide—the GALAXUS 9, tested in Spain—marking progress in Europe’s premium long-haul market. FOTON operates in over 140 countries. Its 2030 targets: new energy 50% of sales and international sales 40%. Europe is a key hub. Under “In Europe, For Europe,” FOTON focuses on localized products, ecosystem capabilities and partnerships. It offers battery electric, hybrid and hydrogen fuel-cell vehicles—heavy trucks, buses, light commercial vehicles and pickups. It plans a localized new-energy ecosystem, sales in nearly 20 European markets, 300+ service outlets, a German parts center and local assembly by 2028. Its BROCK subsidiary supports connected services.

The BRICS+ Fashion Summit attracts companies from around the world: it is a unique event focused on growing markets, helping them connect with each other, exchange knowledge and experience, develop businesses and cultural projects in new markets, and collectively strengthen their influence in the industry. Middle Eastern fashion has a particularly strong presence at the Summit, evolving at the intersection of centuries-old craftsmanship traditions and a new generation of consumers who increasingly value meaning and authenticity. Meanwhile, modest fashion has long been a distinct segment of the global industry with a multi-billion-dollar market value. The business side of the event goes beyond the forum stages – organizers create opportunities for informal networking and help participants arrange meetings and establish connections, which are among the key reasons participants attend such platforms.

Nepal estimates that restoring areas affected by the August 26 Bhote Koshi floods will cost approximately $4.78 billion. The government’s Rapid Damage and Needs Assessment estimates direct physical damage at around $1.8 billion, while economic losses are projected at about $883 million. This assessment encompasses social services, productive sectors, and critical infrastructure. Floodwaters impacted Rasuwa, Nuwakot, Dhading, and neighboring districts along the river system, damaging homes, roads, bridges, and energy facilities.

This next phase of development reflects a clear focus on expanding Yas Island’s existing world-class theme parks and attractions, as well as introducing new immersive rides and experiences, that respond to evolving visitor expectations. The investment will also grow the island’s hospitality offering, adding new hotel rooms and elevating its accommodation portfolio.

“Joining TSMC’s OIP ecosystem as a VCA partner in North America underscores our commitment to delivering a unified, execution‑driven platform for our customers,” said Farhat Jahangir, President and CEO of GSME. “Our mission is to give customers a tightly integrated and lower‑risk path from early MPW exploration straight into high‑volume production with end-to-end visibility, eliminating the cost, delay, and fragmentation that come from handing designs across multiple vendors.”

Abacus, a global managed IT and cybersecurity service provider, announced the launch of AI³ (Abacus AI Acceleration) to help organizations adopt, manage, and scale artificial intelligence through a governance-first, continuously managed approach. Partnering with leading AI innovators like OpenAI, Google, and Microsoft, Abacus is positioned as the trusted partner for navigating the complex AI landscape. The initiative includes product offerings, expertise in deploying Anthropic models, and an AI Risk and Readiness Assessment for healthcare and financial services firms. Abacus remains vendor and model agnostic to align with clients’ objectives, risk posture, and regulatory requirements.

Huspy acquires LuxuryX, bringing an established team of luxury property specialists and more than two decades of leadership experience into its UAE business. Huspy’s UAE real estate network has grown by 75 percent since January 2026, strengthening its presence across Dubai’s most prestigious residential communities. LuxuryX’s specialist expertise will support the upcoming launch of Huspy Signature, connecting clients with exceptional properties and investment opportunities across international markets. The acquisition comes as UAE real estate reaches new highs, with Dubai recording AED 252 billion in Q1 2026 transactions and Abu Dhabi reaching AED 117 billion in H1 2026. Huspy now facilitates approximately US$1 billion in transactions each month and handles approximately 25 percent of residential mortgages in the UAE. The strategic acquisition brings specialist luxury expertise to Huspy ahead of the launch of Huspy Signature.

Sheikh Khaled and Narendra Modi review growing UAE-India economic and strategic ties. The discussions between Sheikh Khaled and Modi centered on the progress made under the UAE-India Comprehensive Economic Partnership Agreement, or CEPA, which now serves as a vital framework for boosting trade relations. They also covered political engagement, energy partnership, cultural ties, and exchanges involving populations from both countries. The leaders explored how existing bilateral mechanisms could facilitate further commercial and institutional cooperation under agreements already in place between the UAE and India. Representing the UAE at the BRICS Summit, Sheikh Khaled attended on behalf of President Sheikh Mohamed bin Zayed Al Nahyan. Modi welcomed the UAE delegation in light of India’s upcoming 2026 BRICS chairmanship. Both parties agreed to maintain coordination through BRICS on shared interests. They also acknowledged recent high-level interactions, including Sheikh Mohamed’s visit to India in January 2026 and Modi’s trip to the UAE in May. Economic cooperation expands through new investment initiatives Investment was a key topic during the talks, especially concerning India’s industrial sector projects. The leaders expressed support for International Holding Company’s recent announcement of an $11.5 billion integrated greenfield aluminium project in Odisha, which India considers its largest integrated aluminium investment. They also discussed L’Imad, the UAE’s newest sovereign investment fund, and its potential to support existing bilateral investment channels connecting Emirati capital to projects and economic activities across India. Additional areas covered included defence, space, nuclear energy, technology