In a significant announcement on Thursday, International Holding Company (IHC), a global investment firm renowned for its dynamic value networks, confirmed that it has no plans to divest its majority stake in Aldar Properties PJSC. This reaffirmation underscores IHC’s unwavering confidence in Abu Dhabi’s robust and resilient real estate market, positioning Aldar as a cornerstone of its diversified investment portfolio.
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‘Flying’ Sarr easing Crystal Palace’s Eze loss
Replacing a star player like Eberechi Eze was always going to be a daunting task for Crystal Palace. Eze, who left for Arsenal this summer, had been instrumental in the team’s success, including scoring the historic goal that secured Palace’s first major trophy at Wembley. However, Ismaila Sarr, the Senegalese forward, has stepped up magnificently, netting eight goals in 15 games this season. His recent double in a 3-1 victory over AZ Alkmaar not only marked Palace’s first home win in the Conference League but also solidified their status as title contenders. Sarr’s performance was a masterclass in attacking prowess, combining pace, precision, and intelligent runs. He hit the post early on, won a penalty, and scored twice, showcasing his composure and clinical finishing. Former Palace defender Joel Ward praised Sarr’s form, highlighting his ability to exploit spaces and create opportunities. Sarr’s contributions have been pivotal, especially after the departures of Eze and Michael Olise. Manager Oliver Glasner lauded Sarr as a key player, emphasizing his speed and finishing ability. With Palace eyeing Conference League glory, Sarr’s form could be the catalyst for their success. Glasner expressed hope that this victory is just the beginning of a memorable campaign.
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Egypt and Turkey wary of ‘disarmament’ language in Gaza UN resolution, sources says
Arab and Muslim nations are raising alarms over a proposed US-led international stabilization force in Gaza, fearing they may be coerced into forcibly disarming Hamas. A draft United Nations resolution, obtained by Middle East Eye, outlines the force’s role in demilitarizing Gaza, including dismantling military and terror infrastructure. Egyptian officials emphasize the need for a negotiated approach to disarmament, advocating for amnesty for Hamas fighters who surrender their weapons. They stress that Egypt will not undertake tasks Israel failed to accomplish. Turkish sources criticize the draft, arguing it transforms the force into an enforcer of Israeli security rather than a peacekeeping body. They suggest the force should focus on conflict prevention, border control, and training Palestinian security personnel under a future government. While Palestinian support for Hamas remains strong, there are indications that regional pressure may influence Hamas to consider relinquishing certain weapons. The US plan, part of President Trump’s 20-point peace proposal, faces skepticism due to its lack of consultation with key regional players. Critics argue the force must avoid being perceived as an Israeli proxy to gain legitimacy among Palestinians. The draft resolution proposes a ‘board of peace’ chaired by Trump, with a US military coordination center in Israel overseeing operations. Unlike traditional UN peacekeeping missions, this force would operate independently of UN command, raising concerns about oversight and accountability.
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Dubai Racing Carnival returns with star power and fresh stories
The 2025-2026 Dubai Racing Carnival kicked off in grand style at the iconic Meydan Racecourse, marking the beginning of a thrilling season that culminates in the 30th anniversary of the $12 million Dubai World Cup next March. This year’s opening night, sponsored by Emirates Airline with a prize pool of Dh 1.2 million, felt like a mini-festival, showcasing a blend of star power, fresh narratives, and global racing talent.
Among the highlights was the return of Dark Saffron, the three-year-old colt who made history by winning the $2 million Dubai Golden Shaheen in April. Trained by Emirati handler Ahmad bin Harmash, Dark Saffron is set to compete in the Dh 210,000 Emirates Airline Conditions sprint, with ambitions for an international double in Saudi Arabia and Dubai.
The event also featured a trio of Dubai’s top trainers—Doug Watson, Musabbeh Al Mheiri, and Bhupat Seemar—who are already vying for dominance in the new season. They face stiff competition from international trainers like Jamie Osborne and Julio Olascoaga, adding a cosmopolitan edge to the competition.
One of the most compelling stories of the night was the comeback of Chantal Sutherland, the trailblazing jockey who returned to racing after a life-threatening accident in 2023. Riding Kalidasa in the Emirates Airline Handicap, Sutherland’s presence added a layer of inspiration and glamour to the event.
The opening night also highlighted Dubai’s global racing appeal, with participants from Britain, Brazil, Canada, and Denmark. British trainer Jamie Osborne and Danish trainer Veronika Jandova brought their unique flair, while Brazilian jockeys Silvestre de Sousa, Sandro Paiva, and Bernardo Pinheiro added to the international excitement.
As the Dubai Racing Carnival returns bigger and better than ever, the stage is set for a season of high stakes, global stars, and the unparalleled magic of Meydan Racecourse.
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HRC Group’s LEU100 drone debuts at CIIE, targeting China’s low-altitude mobility sector
HRC Group, a global leader in composite-material solutions, unveiled its cutting-edge LEU100 drone at the eighth China International Import Expo (CIIE) in Shanghai on November 5, 2025. The drone, designed for low-altitude mobility, marks a significant step in the company’s expansion into China’s burgeoning drone market. The LEU100 boasts a maximum takeoff weight of 140kg, a range of 200km, and a payload capacity of 55kg. Its electric vertical take-off and landing (eVTOL) capabilities make it ideal for diverse applications, including logistics, medical rescue, disaster relief, and remote sensing. HRC Group’s expertise in carbon-fiber composites played a pivotal role in the drone’s development, ensuring lightweight yet durable construction. Ge Hongyi, HRC Group’s Vice President and CFO, emphasized the material’s advantages, noting its high strength and low energy consumption. He also highlighted the company’s decade-long experience in applying carbon-fiber composites to automotive structures, which has driven exponential sales growth. Ge expressed optimism about China’s low-altitude economy, citing the country’s leadership in the sector and the potential for innovative products. Beyond the LEU100, HRC Group showcased its carbon-fiber applications in automotive and commercial aircraft components. The company, a six-time CIIE exhibitor, praised the expo as a diverse and international platform that aligns with its global market strategy. Ge underscored the event’s role in demonstrating China’s commitment to openness and fostering industry growth.
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Brazil stumps up billions of dollars for its ambitious rainforest fund at UN climate summit
In a landmark move to combat deforestation and climate change, Brazil unveiled its ambitious Tropical Forests Forever Facility on Thursday during the United Nations annual climate summit in Belem. The initiative, spearheaded by President Luiz Inácio Lula da Silva, aims to incentivize countries to preserve their tropical forests by offering financial rewards. The fund has already secured $5.5 billion in pledges, with Norway leading the charge with a $3 billion commitment.
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EFG Hermes appoints Christopher Laing as head of equity capital markets
EFG Hermes, a prominent investment bank specializing in Frontier and Emerging Markets (FEM), has announced the appointment of Christopher Laing as its new Head of Equity Capital Markets (ECM). Effective immediately, Laing will be based in Dubai, where he will spearhead the firm’s ECM operations, driving growth and expanding its regional and global footprint. Laing brings over three decades of investment banking experience, including senior ECM roles at HSBC and Deutsche Bank, where he led significant transactions across emerging and developed markets. His appointment aligns with EFG Hermes’ strategy to bolster its regional presence and deliver innovative capital market solutions. Mostafa Gad, Global Head of Investment Banking at EFG Hermes, expressed enthusiasm about Laing’s addition, highlighting his extensive expertise and the value he brings to clients. Laing himself expressed excitement about joining EFG Hermes, emphasizing the region’s dynamic market opportunities and his commitment to enhancing client partnerships and delivering strategic advisory solutions. This move underscores EFG Hermes’ dedication to maintaining its leadership in the region’s investment banking sector and supporting clients across the MENA region and beyond.
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Ryder Cup stars Fleetwood, Lowry impress at Abu Dhabi HSBC Championship
The 2025 Abu Dhabi HSBC Championship kicked off with an electrifying first round, as Ryder Cup stalwarts Tommy Fleetwood and Shane Lowry showcased their prowess, sharing the lead with a stellar eight under par. The duo, paired together for the opening day, were joined by New Zealand’s Kazuma Kobori, South Africa’s Richard Sterne, and France’s Adrien Saddier in a five-way tie at the top. Fleetwood delivered a flawless round with eight birdies, while Lowry impressed with nine birdies and a single bogey. Saddier briefly surged to nine under but dropped back after a bogey on the 17th. Sterne, a former runner-up in this event, dazzled with two eagles, including a remarkable 75-foot putt on the 18th. Kobori also shone with an eagle and six birdies in a bogey-free round. Off the course, the tournament’s schools program introduced over 1,000 children to golf, while The R&A’s Golf in the Community Forum highlighted the sport’s growing impact in the region, focusing on inclusivity, health, and youth engagement. The event continues to blend world-class competition with initiatives to grow the game globally.
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Huawei supports Kenya’s shift to clean and digital energy
Huawei, a leading Chinese technology company, has introduced a groundbreaking digitization strategy to revolutionize Kenya’s energy sector. Unveiled at the Huawei Kenya Energy Summit 2025 in Nairobi, the ‘Digitalization White Paper for the Energy Industry’ outlines a comprehensive plan to modernize Kenya’s power infrastructure, enhance grid resilience, and accelerate the adoption of clean and smart energy solutions. The initiative focuses on four key strategies: developing digital green power plants with remote monitoring capabilities, implementing automated systems for grid stability, creating self-healing distribution networks, and optimizing energy source coordination for improved efficiency and sustainability. Kenya’s Cabinet Secretary for Energy and Petroleum, Opiyo Wandayi, praised Huawei’s contributions, expressing confidence in achieving universal access to clean, reliable, and modern energy by 2030. Wandayi emphasized Kenya’s commitment to leveraging both traditional and renewable energy sources, with a focus on clean energy technologies that drive economic growth while ensuring environmental sustainability. Benjamin Muoki, Kenya Power’s telecommunications and service delivery manager, highlighted Huawei’s role in enhancing operational efficiency, customer experience, and network reliability. This partnership underscores Kenya’s potential for strategic collaborations with global technology leaders to transform its energy landscape.
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Elon Musk’s $1tn pay deal approved by Tesla shareholders
Tesla shareholders have overwhelmingly approved a groundbreaking pay package for CEO Elon Musk, potentially worth nearly $1 trillion. The deal, ratified by 75% of shareholders at the company’s annual general meeting in Austin, Texas, ties Musk’s compensation to ambitious performance milestones over the next decade. To maximize his payout, Musk must elevate Tesla’s market value from $1.4 trillion to $8.5 trillion and deploy one million self-driving ‘Robotaxi’ vehicles commercially. The agreement has sparked controversy, with critics questioning its scale, but Tesla’s board defended it as essential to retaining Musk, whom they consider indispensable. The announcement was met with enthusiastic applause, with Musk taking the stage to celebrate, declaring, ‘What we’re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book.’ Despite the optimism, some analysts expressed concerns over Musk’s focus on the Optimus robot rather than Tesla’s core electric vehicle business. Musk also addressed Tesla’s Full Self-Driving (FSD) technology, claiming the company is ‘almost comfortable’ allowing drivers to ‘text and drive essentially,’ amid ongoing regulatory scrutiny. Tesla’s stock saw a modest rise in after-hours trading, reflecting investor confidence in Musk’s leadership. However, the pay package faced opposition from major institutional investors, including Norway’s sovereign wealth fund and CalPERS, leaving Musk reliant on Tesla’s retail investors. The deal follows a previous compensation plan rejected by a Delaware court, prompting Tesla to reincorporate in Texas. The Delaware Supreme Court is currently reviewing the case.