Dubai IPO: DWTC, Informa Said to Eye Listing Joint Events Business - Bloomberg
Dubai World Trade Centre and the UK’s Informa Group are exploring a listing of a joint events business that’s expected to combine some of the emirate’s most prominent exhibitions and conferences.
Rothschild & Co. is acting as financial adviser on the potential initial public offering in Dubai, according to people familiar with the matter. The business could be listed as soon as this year, the people said, declining to be identified because the discussions are confidential.
The deliberations are still at an early stage, and a transaction may ultimately not materialize.
DWTC’s partnership with Informa was announced last March, with combined revenues at the time forecast to exceed $700 million. Once finalized, the new entity, Informa International, will own and operate flagship events, including the Dubai Airshow and Gulfood.
Spokespeople for Rothschild and Informa declined to comment. Representatives for DWTC did not respond to requests for comment.
Dubai has been positioning itself as a global hub for conferences and exhibitions, drawing on its aviation connectivity, extensive hotel infrastructure, central time zone and business-friendly regulations. Authorities aim to triple the events sector’s annual contribution to gross domestic product to 54 billion dirhams ($14.7 billion) by 2033.
The industry has rebounded strongly since the pandemic, driven by renewed demand for in-person business conferences and trade shows. Events are also seen as a catalyst for tourism, another key pillar of Dubai’s economy.
Competition in the region is intensifying. Abu Dhabi, Doha and Riyadh have all expanded their events calendars. Richard Attias & Associates, the organizer of Saudi Arabia’s Future Investment Initiative conference, which draws global finance leaders to Riyadh, is also considering an IPO, Bloomberg News has reported.
A listing would add to the United Arab Emirates’ equity capital markets pipeline, expected to strengthen this year after a subdued 2025. Other potential deals include Emirates Global Aluminium and a range of companies tied to the country’s property boom.
Friday, 16 January 2026
Glencore Strikes Offtake Agreement for Steel Input From #Oman - Bloomberg
Glencore Strikes Offtake Agreement for Steel Input From Oman - Bloomberg
Glencore Plc has agreed to buy at least 500,000 tons a year of hot briquetted iron from a planned Oman-based plant, securing supply of the low-carbon steelmaking input from 2030.
Glencore has committed to purchasing between 500,000 and 1.25 million tons a year of HBI under an offtake agreement with Meranti Green Steel, the project’s developer said. Meranti has also struck offtake deals with INTERFER Global Steel Trading and INTERFER Austria, and thyssenkrupp Materials Services is in talks to secure supply from the plant, the company said.
The project is expected to produce 2.5 million tons of HBI a year once operational. HBI are dense, high-purity iron blocks that are easier to ship than iron ore and are used alongside scrap as a feedstock for electric arc furnaces.
“Many of the electric arc furnace operations will need between 10% and 30% of virgin iron just to meet quality requirements on the steel side,” Meranti Chief Executive Officer Sebastian Langendorf said in an interview. “And trading companies are ideally positioned to deliver that distribution and value proposition also to smaller mills.”
About two-thirds of the plant’s output will supply European steel mills, Langendorf said, with the bloc’s new carbon border levy on imports a key catalyst for the project. The plant in Oman is expected to begin construction in late 2026, following a final investment decision, and will use a mix of natural gas and green hydrogen in production.
“We expect HBI to play an important role in the transformation of the steel market going forward,” a spokesperson for thyssenkrupp Materials Services said. “The project with Meranti Green Steel is one of several and, in our view, one of the most promising projects in the Middle East region.”
A spokesperson from Glencore declined to comment. INTERFER didn’t immediately respond to a request for comment.
Glencore Plc has agreed to buy at least 500,000 tons a year of hot briquetted iron from a planned Oman-based plant, securing supply of the low-carbon steelmaking input from 2030.
Glencore has committed to purchasing between 500,000 and 1.25 million tons a year of HBI under an offtake agreement with Meranti Green Steel, the project’s developer said. Meranti has also struck offtake deals with INTERFER Global Steel Trading and INTERFER Austria, and thyssenkrupp Materials Services is in talks to secure supply from the plant, the company said.
The project is expected to produce 2.5 million tons of HBI a year once operational. HBI are dense, high-purity iron blocks that are easier to ship than iron ore and are used alongside scrap as a feedstock for electric arc furnaces.
“Many of the electric arc furnace operations will need between 10% and 30% of virgin iron just to meet quality requirements on the steel side,” Meranti Chief Executive Officer Sebastian Langendorf said in an interview. “And trading companies are ideally positioned to deliver that distribution and value proposition also to smaller mills.”
About two-thirds of the plant’s output will supply European steel mills, Langendorf said, with the bloc’s new carbon border levy on imports a key catalyst for the project. The plant in Oman is expected to begin construction in late 2026, following a final investment decision, and will use a mix of natural gas and green hydrogen in production.
“We expect HBI to play an important role in the transformation of the steel market going forward,” a spokesperson for thyssenkrupp Materials Services said. “The project with Meranti Green Steel is one of several and, in our view, one of the most promising projects in the Middle East region.”
A spokesperson from Glencore declined to comment. INTERFER didn’t immediately respond to a request for comment.
#UAE stocks jump as supply fears lift oil | Reuters
UAE stocks jump as supply fears lift oil | Reuters
Stock markets in the United Arab Emirates closed higher on Friday tracking oil prices, as investors continued to weigh supply risks despite the receding likelihood of a U.S. military strike against Iran.
Oil prices, a key contributor to the Gulf's economies, were up 1.22% to $64.54 a barrel by 1106 GMT.
Dubai's main market (.DFMGI), opens new tab climbed 0.9%, snapping a two-sessions losing streak, as heavyweight financial and real estate stocks led the rebound.
Blue-chip developer Emaar Properties (EMAR.DU), opens new tab rose 1.1%, while top lender Emirates NBD Bank (ENBD.DU), opens new tab jumped 1.3%.
Dubai World Trade Centre and UK's Informa Group are said to be eyeing a listing of a joint events business, Bloomberg News reported on Friday.
Abu Dhabi's benchmark index (.FTFADGI), opens new tab advanced 0.7% to a second session with Adnoc Gas (ADNOCGAS.AD), opens new tab gaining 0.6% and construction giant Aldar Properties (ALDAR.AD), opens new tab increasing 1.3%.
Among the gainers, state-controlled AD Ports Group (ADPORTS.AD), opens new tab surged 4.4% after it finalised a deal to sell land to Danube Properties for AED 840 million ($228.71 million).
Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter.
Dubai index notched up 1.5% in the week, while Abu Dhabi recorded 1.1% weekly gains, according to data compiled by LSEG.
Stock markets in the United Arab Emirates closed higher on Friday tracking oil prices, as investors continued to weigh supply risks despite the receding likelihood of a U.S. military strike against Iran.
Oil prices, a key contributor to the Gulf's economies, were up 1.22% to $64.54 a barrel by 1106 GMT.
Dubai's main market (.DFMGI), opens new tab climbed 0.9%, snapping a two-sessions losing streak, as heavyweight financial and real estate stocks led the rebound.
Blue-chip developer Emaar Properties (EMAR.DU), opens new tab rose 1.1%, while top lender Emirates NBD Bank (ENBD.DU), opens new tab jumped 1.3%.
Dubai World Trade Centre and UK's Informa Group are said to be eyeing a listing of a joint events business, Bloomberg News reported on Friday.
Abu Dhabi's benchmark index (.FTFADGI), opens new tab advanced 0.7% to a second session with Adnoc Gas (ADNOCGAS.AD), opens new tab gaining 0.6% and construction giant Aldar Properties (ALDAR.AD), opens new tab increasing 1.3%.
Among the gainers, state-controlled AD Ports Group (ADPORTS.AD), opens new tab surged 4.4% after it finalised a deal to sell land to Danube Properties for AED 840 million ($228.71 million).
Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter.
Dubai index notched up 1.5% in the week, while Abu Dhabi recorded 1.1% weekly gains, according to data compiled by LSEG.
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