THE WEEKLY BRIEF – ICN’S BUSINESS NEWSLETTER
How RAKEZ and Rakbank built the UAE’s fastest business bank account opening
FHS World 2027 to gather 1,200 hospitality investors in Ras Al Khaimah
Thomson Reuters and SpendConsole Launch Integrated E-invoicing and Payables Solution for the UAE and GCC
FC Bayern Academy in the UAE brings Munich coaching to Dubai
Wego brings its MENA travel app on iPhone Duo to the foldable screen
French creative agency R2 is now in the UAE through a new TTE partnership
Why SpaceX’s $40 billion GPU financing signals a wider AI debt reckoning
Manipal Academy of Higher Education (MAHE) Dubai and SpacePoint partner to develop Satellite Development Lab
Government Officials from 19 Arab Countries Complete Sustainability Fellowship
Abu Dhabi Chamber with new agreements strengthens Greece business ties
Live News
News
The UAE’s fastest business bank account opening is now available to companies registered with Ras Al Khaimah Economic Zone, after RAKEZ and Rakbank introduced a service that opens a Rakbank Business Current Account within 60 minutes. Both partners describe that 60-minute turnaround as a first in the country. A Business Current Account is the everyday […]
- By Salma Al-Tamimi
HEADLINES
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- Abu Dhabi Chamber
Abu Dhabi Chamber with new agreements strengthens Greece business ties
- By Mariam Al-Yazidi
- 5 min read
- RAKBANK
Rakbank delivers D 2.5B profit after tax, up 21.3% YoY powered by diversified growth and strong momentum
- By Yousef Haddad
- 3 min read
- UAE
Crown Prince of Abu Dhabi, French President attend UAE-France Business Dialogue
- By Mariam Al-Yazidi
- 5 min read
- Abu Dhabi Chamber
Abu Dhabi Chamber Global Executive Connect links 11 firms to UK partners
- By Mariam Al-Yazidi
- 6 min read
- Abu Dhabi Chamber
Abu Dhabi Chamber with new agreements strengthens Greece business ties
- By Mariam Al-Yazidi
- 5 min read
- RAKBANK
Rakbank delivers D 2.5B profit after tax, up 21.3% YoY powered by diversified growth and strong momentum
- By Yousef Haddad
- 3 min read
- UAE
Crown Prince of Abu Dhabi, French President attend UAE-France Business Dialogue
- By Mariam Al-Yazidi
- 5 min read
- Abu Dhabi Chamber
Abu Dhabi Chamber Global Executive Connect links 11 firms to UK partners
- By Mariam Al-Yazidi
- 6 min read
- UAE
UAE federal budget 2027-2029 sets AED292.5 billion across three years
- By Mariam Al-Yazidi
- 5 min read
- Investments
What the AED1 billion Oraseya Capital fund means for UAE founders
- By Mariam Al-Yazidi
- 5 min read
- Taxes
Thomson Reuters and SpendConsole Launch Integrated E-invoicing and Payables Solution for the UAE and GCC
Thomson Reuters (TSX/Nasdaq: TRI), a global content and technology company, today announced the launch of ONESOURCE Pagero E-Invoicing in partnership with SpendConsole, an AI-powered Enterprise Payables Orchestration. Finance leaders across the UAE and GCC are facing mounting pressure to meet new e-invoicing and Corporate Tax requirements while improving operational efficiency across increasingly complex enterprise environments. […]
- By Khaled Darwish
- 5 min read
- Taxes
Thomson Reuters and SpendConsole Launch Integrated E-invoicing and Payables Solution for the UAE and GCC
- Dubai
Manipal Academy of Higher Education (MAHE) Dubai and SpacePoint partner to develop Satellite Development Lab
- Ras Al Khaimah
FHS World 2027 is coming back to Ras Al Khaimah, and the venue tells you where this Emirate thinks its hospitality story
- By Fatima Al-Nouri
- 4 min read
- Advisory
French creative agency R2 is now in the UAE through a new TTE partnership
- By Yousef Haddad
- 4 min read
- Real Estate
LMD launches Christian A. Rockefeller Business Tower, bringing ‘hotelification’ to Sheikh Zayed Road
- By Salma Al-Tamimi
- 4 min read
- TAMM
How Abu Dhabi’s TAMM became the best government initiative EMEA for 2026
- By Rami Al-Saadi
- 3 min read
- UAE
- By Tariq Al-Mansouri
- 4 min read
Young Arab Leaders Hosts Leadership Dialogues Series to Empower the Region’s Next Generation of Leaders
- Ras Al Khaimah
FHS World 2027 to gather 1,200 hospitality investors in Ras Al Khaimah
- By Fatima Al-Nouri
- 4 min read
- Advisory
French creative agency R2 is now in the UAE through a new TTE partnership
- By Yousef Haddad
- 4 min read
- Real Estate
LMD launches Christian A. Rockefeller Business Tower, bringing ‘hotelification’ to Sheikh Zayed Road
- By Salma Al-Tamimi
- 4 min read
- TAMM
How Abu Dhabi’s TAMM became the best government initiative EMEA for 2026
- By Rami Al-Saadi
- 3 min read
- UAE
Young Arab Leaders Hosts Leadership Dialogues Series to Empower the Region’s Next Generation of Leaders
- By Tariq Al-Mansouri
- 4 min read
- Mubadala
Why Mubadala backed the new One&Only Private Residences in Abu Dhabi
- By Leila Al-Khatib
- 8 min read
Entertainment
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- Events
Keeta Karnival in the UAE arrives across all seven emirates this month
Keeta Karnival in the UAE has opened for the first time, turning a simple food order into a two-week celebration. The campaign runs from 15 to 31 October 2026. Across that window, the on-demand platform connects customers with thousands of restaurants in all seven emirates. You get special offers, limited-time deals, competitions, and a few reasons to try a kitchen you have walked past but never ordered from.
What the Karnival puts on the table
A straight promise of value sits at the heart of the campaign. During the peak period from 15 to 31 October, customers can enjoy discounts of up to 50% at participating restaurants. That is the headline, and it holds real weight for a household watching its weekly spend. The Keeta food delivery UAE service gathers the offers in one place: the Keeta Karnival hub inside the app. Keeta Around You highlights curated restaurant picks across UAE cities, again with up to 50% off at participating spots. Flash Deals add a daily window worth a reminder. Selected items drop to AED 19 with free delivery, Monday to Friday between 2:30 pm and 5:30 pm.
Where Keeta Karnival in the UAE goes next
From 18 to 31 October, Keeta Week, the Karnival Edition, takes 50% off the full menu at participating restaurants, promotional items included, with free delivery on top. The food delivery deals UAE residents hunt for tend to carry fine print, so the wider menu coverage here matters. Then the celebration lifts off. The Keeta Drone delivery Dubai operation extends the Karnival to service areas in Dubai Silicon Oasis. Customers at Dubai Land, Rochester Institute of Technology, Dubai, and Dubai Silicon Oasis Headquarters can receive the campaign’s offers by air. For them, a lunch order becomes a small moment of wonder as food arrives from the sky.
There is a reward waiting past the checkout too. Every eligible order above AED 100 placed between 15 October and 14 November enters an automatic draw for a Jetour T2. Keeta will announce the winner on 16 November. Shoppers paying with eligible Emirates Islamic Visa cards can save up to AED 20 until 1 November. The Keeta Karnival deals reflect a second year in the country and a bet that people here will keep trying new tables.
Fun that steps out of the app
Keeta Karnival in the UAE does not live on a screen alone. At Global Village in Dubai, the Keeta booth at Happiness Plaza 2 hosts games, voucher giveaways, and restaurant sampling over two weekends, 16 to 18 and 23 to 25 October. Families walking the grounds can taste first and order later. Over the opening weekend, guests at Al Forsan Mall in Abu Dhabi can join interactive games and win vouchers of their own. The Keeta app offers to sit beside these events, so a prize won at a booth can turn into a discount used at dinner.
“Keeta Karnival is our way of celebrating that variety, giving customers more reasons to try something new while helping participating restaurants reach new audiences,” said Lucas Xie, General Manager of Keeta UAE. He tied the campaign to the platform’s long-term commitment to the customers and restaurant partners it serves.
Keeta Karnival in the UAE runs through 31 October, with the hub, offers and activities available in the Keeta app on the App Store and Play Store. For restaurant partners, it is a chance to meet customers who might become regulars. Everyone else gets permission to order the dish they have been curious about.
- Mall of the Emirates
The Hangout by Mall of the Emirates brings four play concepts to Dubai
The Hangout by Mall of the Emirates is a new indoor-outdoor precinct that Majid Al Futtaim has introduced inside the Dubai shopping centre. Majid Al Futtaim frames it as one connected destination, where play, meals and social time share the same floor rather than sit in separate corners. It belongs to a wider Mall of the Emirates expansion valued at AED 5 billion, among the larger retail investments the city has seen since the centre opened more than two decades ago.
The design starts from a shift in how people use a mall. Shoppers now look for reasons to stay, not only to buy. Khalifa Bin Braik, Chief Executive Officer of Majid Al Futtaim Asset Management, put the logic plainly, saying destinations are “competing for people’s time as much as their spend.” The precinct answers that by setting four entertainment venues beside 18 dining outlets, so a single trip can hold a game, a meal and an evening with friends.
Khalifa Bin Braik, Chief Executive Officer of Majid Al Futtaim Asset Management, said:
“Mall of the Emirates has been defining retail and lifestyle experiences in Dubai for more than two decades. Our ambition now is to ensure its next chapter is as transformative as its first.
“Today, destinations are competing for people’s time as much as their spend. The Hangout responds to that shift by bringing entertainment, dining and social experiences together in a way that creates more reasons for people to visit, stay and connect.
“As part of our AED 5 billion investment in Mall of the Emirates, we are not simply introducing new concepts; we are evolving how the destination is experienced. The Hangout is an important expression of that ambition and of our long-term commitment to ensuring Mall of the Emirates continues to evolve alongside the communities it serves.”
Inside The Hangout by Mall of the Emirates
The Mall of the Emirates entertainment line-up rests on four concepts, each built around a different kind of play. Activate, billed as the world’s first active gaming experience, opens in October 2026 after its debut at City Centre Mirdif. It spreads across 12 light-up rooms and more than 50 interactive challenges, and it is open to guests aged six and above. Teams move through the rooms, solve tasks under time pressure and track their results on a global leaderboard.
SOCO follows in the fourth quarter of 2026. The 2,700 square metre venue centres on social play, with bowling lanes, simulators billed as a UAE first, augmented-reality darts, karaoke and private party rooms. Food sits inside the concept rather than beside it, so groups can eat without leaving the floor.

A space for families
Explorers arrives in the first quarter of 2027, also carried over from City Centre Mirdif. The 2,500 square metre space targets children aged one to twelve, with three play zones that include suspended net climbs and water play tied to simple science. Workshops in cooking, woodworking and arts run alongside the free play. It deepens the family entertainment Dubai parents look for close to home, pairing open play with guided skill-building.
Magic Planet forms the fourth concept and will reopen in a reworked form in 2027. Majid Al Futtaim is rebuilding one of its best-known family brands for a newer audience, keeping familiar rides while adding features aimed at today’s visitors. Together, the four venues position The Hangout by Mall of the Emirates as a new entertainment destination in Dubai rather than a single attraction.
A new dining district
Dining runs through the whole precinct. The line-up adds new restaurants at Mall of the Emirates across several cuisines, with 12 restaurants and four kiosks spanning Indian, Levantine, Italian and Pan-Asian cooking. Confirmed names include Fatt Pundit, Crunch, Apollo, Asma, Junk Smash Burger, Public Pizzeria, Crystal Jade Noodle Bar and Feels, with more to come. Two of the entertainment venues also hold their own food outlets, tying meals and play even closer together.
During Dubai’s cooler months, the precinct extends into the centre’s first outdoor F&B courtyard. Operable façades open the indoor floor onto a garden social space, so diners can move between the two without a hard break. A climate-controlled walkway will also link the precinct to New Covent Garden Theatre and Fashion Dome, smoothing the route across the wider entertainment district. These features position The Hangout by Mall of the Emirates as a dining and social district in its own right.

What the project signals
The Hangout by Mall of the Emirates forms the first large piece of the AED 5 billion plan to open. Its broader programme also covers a luxury wellness club, further dining precincts, a new theatre and quieter changes such as barrierless parking and better accessibility. Ignace Lahoud, Chief Executive Officer of Majid Al Futtaim Entertainment and Lifestyle, pointed to demand for play that is “active, social and shared” as the reason behind the mix.
Ignace Lahoud, Chief Executive Officer of Majid Al Futtaim Entertainment and Lifestyle, said:
“Entertainment is evolving as customers increasingly seek experiences that are active, social and shared. The Hangout responds by bringing together Activate, our home-grown concepts SOCO and Explorers, and a reimagined Magic Planet for a new generation.
“Together, they create one connected destination where customers can play, dine and discover more. It represents the future of location-based entertainment: greater choice, more reasons to return and long-term value for the wider destination.”
The phased opening runs through 2026 and into early 2027, which gives the centre time to add venues without closing its doors. For Majid Al Futtaim, the aim is steady: more reasons to visit, longer stays and repeat trips. Shoppers get a mall that treats a day out as the product, not a side effect of buying.
- Fashion
GANNI x lululemon Dubai launch arrives exclusively at Dubai Mall 15 Oct
The GANNI x lululemon Dubai launch opens on 15 October, with the collection sold in the UAE only at the lululemon Dubai Mall store. This partnership pairs a Canadian activewear brand with a Copenhagen fashion house. GANNI x lululemon release date is the same worldwide, set for 15 October. Local buyers get one point of sale: the Dubai Mall location.
What the collection includes
The 22-piece GANNI x lululemon collection spans womenswear, accessories and footwear. It mixes familiar lululemon shapes with GANNI design codes. Leopard print, ruffle trims and bold colour pairings run through the range. Proprietary fabrics Nulu and Softstreme feature across the pieces for comfort and freedom of movement.
Dance shapes the look. Leg warmers, boleros and headbands bring 1980s studio style into daily wear. The GANNI lululemon Define Jacket is one reworked favourite, rebuilt through GANNI’s lens. These pieces read as fashion as much as sportswear.
The collection sits between two worlds. lululemon brings technical construction and shapes built for exercise. GANNI brings colour, print and a studio-to-street sensibility. The brands describe a shared belief in the joy of movement, and the range is built to work in a gym class or on the street. Nulu and Softstreme give the fabric its stretch and soft feel. GANNI’s styling turns each piece into something wearable outside a workout. The 22-piece count keeps the range tight rather than broad.
Where the design started
Eighties dance films set the starting point. “Dance movies have been part of my life since I was a child,” said Ditte Reffstrup, Creative Director at GANNI. She drew on the energy and freedom of those films, then blended GANNI motifs like leopard and frills with lululemon’s focus on movement. Jonathan Cheung, Global Creative Director at lululemon, traced the project to movement itself. He said dance was GANNI’s practice, and the line grew from there. Cheung valued the blend of lululemon technical materials with GANNI style.
The campaign behind the drop
GANNI and lululemon opened the GANNI x lululemon collaboration with a campaign called “JOY IS A POWER MOVE.” Actor Jennifer Beals and singer and dancer METTE front it. A short film, shot in a dance studio, moves between rehearsal and performance. Beals described the campaign as an honour and said she is a longtime customer of both brands. METTE said lululemon had been with her since dance school, and GANNI entered her life while she worked on a film in London.
Buying the GANNI x lululemon Dubai collection
The GANNI x lululemon Dubai collection has no second UAE stockist at launch. Shoppers who want the range in person go to the lululemon Dubai Mall store from 15 October. The global line also sells online and in select stores across North America, Europe and Asia-Pacific. For the Emirates, the Dubai Mall site is the one confirmed door. The GANNI x lululemon Dubai debut gives local buyers the same pieces offered in other markets.
For UAE shoppers, the arrangement is simple. The range is new, the window is a single store, and the stock is shared with global markets. Early demand for limited collaborations can clear fast. Anyone set on a specific size or piece has reason to visit the Dubai Mall store near the 15 October opening.
- Events
Emirates Perfumes and Oud Exhibition opens in Sharjah with 700 brands
The Emirates Perfumes and Oud Exhibition opened its fourth edition Friday at Expo Centre Sharjah, with the second Middle East Cosmetics Show running at the same venue. Together, the two events pull fragrance, beauty and personal care under one roof. The fragrance show alone carries more than 200 companies and close to 700 brands.
What the two shows cover
The Emirates Perfumes and Oud Exhibition runs through 18 October. It presents Oriental and Western fragrances, oud oil, incense, blended perfumes, and body and hair scents. Incense burners, scented candles and related goods round out the floor. Visitors can sample products, compare options, and speak with brand teams directly.
Oud sits at the center of the fragrance show. The resin comes from agarwood and holds a long place in Emirati and Arab culture. Buyers can study oud alongside incense and oud oil, and see how makers reshape familiar scents with newer blends.
The Middle East Cosmetics Show takes the second hall. It gathers local and international firms working in cosmetics, skincare and personal care. Products on display reflect current demand across the region and beyond. The pairing lets a single visit cover scent and beauty in one trip.
Who opened the events?
Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry, inaugurated the two shows. Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, joined him. Officials and company representatives attended the ceremony. After the formal opening, guests walked both floors to view the latest launches.
Participants came from several markets. Exhibitors and brands arrived from the UAE, Saudi Arabia, Oman, Qatar, Kuwait, China, Türkiye and India. That spread gives buyers a wide base of suppliers in one place.
Why did Expo Centre Sharjah pair the shows?
Al Midfa said running the two events together reflects the venue’s aim to build an integrated exhibition ecosystem. He tied the move to shifting consumer markets and the growing overlap between fragrance, beauty and personal care. Holding both under one roof, he said, opens more room for interaction, product discovery and knowledge exchange among participants from different countries.
The approach also serves a business goal. Al Midfa said the format strengthens networking and helps companies move into new markets. He pointed to the role of specialised shows in linking brands with consumers and partners, which helps firms read market trends and sharpen their position.
The Emirates Perfumes and Oud Exhibition fits a wider push at the venue. Expo Centre Sharjah uses the emirate’s location and trade links to support commercial partnerships across regional and international markets. The fragrance show and the cosmetics show both feed that effort by drawing buyers and sellers who might not otherwise meet.
The role of the Chamber pavilion
Both shows feature a dedicated pavilion for the Sharjah Chamber of Commerce and Industry. The space gives participating companies and brands a way to raise their visibility and meet potential partners. It also opens a path to new business prospects for firms testing the UAE market.
The pavilion matters for the broader UAE perfume industry. Oud and perfumes carry commercial weight in the Gulf, and direct contact with buyers can shorten the distance to a deal. For smaller brands, a shared Chamber space lowers the cost of showing up next to larger names.
What visitors can do on the floor?
The two exhibitions reward a walk-through rather than a quick look. On the fragrance side, visitors can test oud oils, compare incense, and track how blends differ between makers from the Gulf, Asia and beyond. On the cosmetics side, they can review skincare and personal care lines from firms across several countries.
Both floors stay open through 18 October at Expo Centre Sharjah. Buyers, trade visitors and the public can move between the Emirates Perfumes and Oud Exhibition and the Middle East Cosmetics Show without leaving the building. For anyone tracking oud and perfumes or the beauty trade, the paired format puts a large slice of the sector within reach in a single stop.
- Events
Keeta Karnival in the UAE arrives across all seven emirates this month
Keeta Karnival in the UAE has opened for the first time, turning a simple food order into a two-week celebration. The campaign runs from 15 to 31 October 2026. Across that window, the on-demand platform connects customers with thousands of restaurants in all seven emirates. You get special offers, limited-time deals, competitions, and a few […]
- Mall of the Emirates
The Hangout by Mall of the Emirates brings four play concepts to Dubai
The Hangout by Mall of the Emirates is a new indoor-outdoor precinct that Majid Al Futtaim has introduced inside the Dubai shopping centre. Majid Al Futtaim frames it as one connected destination, where play, meals and social time share the same floor rather than sit in separate corners. It belongs to a wider Mall of […]
- Fashion
GANNI x lululemon Dubai launch arrives exclusively at Dubai Mall 15 Oct
The GANNI x lululemon Dubai launch opens on 15 October, with the collection sold in the UAE only at the lululemon Dubai Mall store. This partnership pairs a Canadian activewear brand with a Copenhagen fashion house. GANNI x lululemon release date is the same worldwide, set for 15 October. Local buyers get one point of […]
- Events
Emirates Perfumes and Oud Exhibition opens in Sharjah with 700 brands
The Emirates Perfumes and Oud Exhibition opened its fourth edition Friday at Expo Centre Sharjah, with the second Middle East Cosmetics Show running at the same venue. Together, the two events pull fragrance, beauty and personal care under one roof. The fragrance show alone carries more than 200 companies and close to 700 brands. What […]
How RAKEZ and Rakbank built the UAE’s fastest business bank account opening
The UAE’s fastest business bank account opening is now available to companies registered with Ras Al Khaimah Economic Zone, after
- By Salma Al-Tamimi
FHS World 2027 to gather 1,200 hospitality investors in Ras Al Khaimah
FHS World 2027 is coming back to Ras Al Khaimah, and the venue tells you where this Emirate thinks its
- By Fatima Al-Nouri