Salma Hayek Pinault Redefined Hollywood. Now She’s Redefining Philanthropy. | Kanebridge News
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Salma Hayek Pinault Redefined Hollywood. Now She’s Redefining Philanthropy.

In the worlds of Hollywood, fashion and activism, there’s never been anyone quite like Salma.

By ELLEN GAMERMAN
Fri, Nov 1, 2024Grey Clock 8 min

N THE COURSE of one conversation, Salma Hayek Pinault mourns the death of her pet rescue owl, reveals that she never signed a prenup in her marriage to French billionaire François-Henri Pinault and bemoans the obnoxiousness of certain wealthy people who assume they’re interesting just because they’re rich.

But ask about her typical day, and she has no words.

“Nothing in my life is typical,” she says, her smoky voice filling the low-ceilinged room in a London pub, where she shows up on an overcast Monday afternoon awash in head-to-toe Gucci and perfume drawn from ingredients that include Mexican tuberose and queen of the night, an opulent cactus with flowers that each bloom just once a year in the dark.

The Mexican-born actress, 58, famous for her curves and sultry accent, took the objectification of Salma Hayek and bent it to her will: She used her Hollywood clout to create roles for Latina women that defy ethnic stereotypes and channeled her influence into a decadeslong fight against domestic violence. She defied the odds to become one of a tiny handful of Latina leading ladies in the 1990s, and then, while working to preserve that status, developed parallel careers as a producer and a philanthropist.

“I’m talking with my mouth full,” she says after dipping some crust from a sourdough boule into melted rosemary and garlic Camembert, on-brand for a person who professes no strict fitness regimen. “Emotional intelligence,” she’s saying of the forces that drive her. “Human, real connection.”

She’s got a high-drama aura but she’s also pragmatic, a trait visible in her charity work. “I’m passionate,” she says, “but I’m a strategist.” In just three years, Hayek Pinault has turned the Kering Foundation’s annual fundraising dinner in New York, Caring for Women, into a mini Met Gala. The event sponsored by her husband’s luxury goods company Kering sprang fully formed onto the fashion circuit—it wasn’t a slow-building phenomenon like the behemoth Met Gala—and in many ways it’s an expression of Hayek Pinault herself. Every detail runs through her for a gathering that, while raising roughly $3 million, brings attention to the fight against gender-based violence.

As a charity hostess, who on red carpets often appears bejewelled like a modern Elizabeth Taylor, she has curated her own group of tastemakers with guests including Jessica Chastain, Leonardo DiCaprio and Viola Davis.

“She gets you on board,” says friend Eva Longoria, “and she doesn’t take no for undefined an answer.”

T’S TEMPTING to think of Hayek Pinault’s story as a rags-to-riches tale: The young actress from a small town in southern Mexico gets cast in the leading role on a telenovela and leapfrogs to stardom. In fact, she came from a wealthy family in the coastal city of Coatzacoalcos. Her father was an oil executive of Lebanese descent, her mother an opera singer with Spanish roots, and she grew up with four live-in maids. She saw Europe as a 2-year-old and traveled by private jet. She loved her pet bobcat.

After she moved to L.A. in her mid-20s, her father lost his fortune, Hayek Pinault says. She was a struggling actress with the stress of supporting herself and her family back in Mexico. “That’s when I became the best version of myself,” she says.

In Hollywood, studios first saw her accent as a liability. But director Robert Rodriguez cast her in the 1995 drug-crime western Desperado , followed a year later by his cult hit From Dusk Till Dawn , where she dances with a huge yellow python slung around her shoulders and sticks her toes in Quentin Tarantino’s mouth. Her breakthrough came in 1997 with Fools Rush In , a shotgun-marriage rom-com co-starring Matthew Perry.

With her success came Hollywood money. But her finances leapt into another dimension with her 2009 marriage to Pinault, the chief executive of Kering, a corporate giant that owns Gucci, Saint Laurent and other major luxury brands. The reality of marrying into extreme wealth surprised her.

“To me, the excitement about having a lot of money was that I didn’t have to think about money, and it turned out all people wanted to talk to me about was money,” she says of her life after joining the Pinault family. “Strangers coming to me that aren’t even friends, but they think we should be friends because they’re rich, too.”

She and Pinault keep their finances separate, she says, and there’s no prenuptial agreement dividing assets. The more she thinks about it lately, she says, the more she’d like to increase her own net worth.

“I support a lot of the aspects of my life and myself,” she says. “I have the pressure to make a certain amount of money, and I like it. And now, I decided, I want to make more.”

With their 17-year-old daughter, Valentina, on the cusp of adulthood, Hayek Pinault is pursuing business ideas, which she isn’t ready to reveal. Pinault likes this ambition, she says. “I think he finds it kind of sexy.”

ONE ATTRIBUTE that’s made Hayek Pinault famous is her body. Much has been made of her breasts: Talk-show hosts ask her questions about them, her movie characters comment on them, her red-carpet fashions flaunt them. During our interview, when I say I want to ask her a trivia question, she assumes I’m after her bra size.

No, I tell her in a total left turn, I want to learn about the time on the Frida movie set when her monkey co-star bit her, specifically where it bit her. Coincidentally, I’d just gotten a video of a monkey bite in a group chat so I thought I’d show Hayek Pinault a screenshot. It was a picture of a raised pink welt on pale skin—actually a bite on a man’s back—but Hayek Pinault assumed it was an R-rated close-up of a topless woman.

“It is a thing about the boobs,” she scolds when she sees the photo. I explain she’s looking at a monkey bite on a man’s back. “Oh. This isn’t a monkey bite in the boobs?” she asks. No, I tell her, but is she saying that’s where the monkey bit her? No, she replies. This is turning into a who’s-on-first of monkey bites and lady parts. “Can I tell you something?” she says, clutching her breasts with both hands, still horrified by the photo. “My nipples began to hurt when I saw that.”

It turns out, the Frida monkey bit her on the right hand between her thumb and forefinger, and she needed rabies shots. I asked if those were painful and she said, “Yes, yes. Stop it.” She and the monkey, whose name was Tyson, were alone in her trailer, and he started throwing all her CDs at the walls and breaking them. They got into a tug-of-war over a disc, and he bit her. “They should have told me the monkey has been possessed by the devil,” she says.

Frida was her passion project, a major moment for her now 25-year-old production company, Ventanarosa—Spanish for “pink window”—and a big learning opportunity for her. It had been a fight for her to control the material. In one meeting, while trying to wrest back the project from a studio she’d decided against, she had her agent’s attorney friend come as a prop to intimidate executives. “You sit there, nod your head, look mean,” she told him.

The strategy worked. The project was ultimately made at Miramax, the studio co-founded by Harvey Weinstein. Later, she would write a searing op-ed about being sexually harassed by Weinstein.

Hayek Pinault described in the piece having to film a “senseless” full-frontal nude love scene with another woman to placate Weinstein so he wouldn’t block the completion of Frida . Hayek Pinault, distraught over Weinstein’s tactics, vomited for the length of the shoot.

In a statement, Weinstein’s spokesman says “he apologises to Ms. Hayek for ever making her feel sad or uncomfortable.” He says that Weinstein has “a different memory of those times but isn’t looking to talk about them.”

The roughly $12 million film went on to gross $56 million worldwide and made Hayek Pinault one of the first Latinas ever to be nominated for a best actress Oscar.

With Ugly Betty , an American version of a popular Colombian telenovela, Hayek Pinault initially met resistance from ABC, she says. The actress personally presold international rights and advertising to prove the show’s worth. The series, which supercharged the career of actress America Ferrera, was considered a risk partly because it featured a Latina lead who was not Hollywood’s idea of universal beauty. Hayek Pinault pushed back when some executives wanted to give Betty a makeover. “It got really heated,” she says. Ferrera went on to win the Emmy for best actress in a comedy in 2007.

Most of Ventanarosa’s film and TV works are in Spanish and do not feature Hayek Pinault. Recent titles include the 2019 TV series Monarca , a Succession -style drama on Netflix about a family’s tequila empire, and the Spanish-language HBO series Like Water for Chocolate , premiering this fall. Separately, she continues her own work as an actress, recently premiering the Angelina Jolie–directed wartime film Without Blood at the Toronto International Film Festival.

Hayek Pinault’s longtime producing partner, José “Pepe” Tamez, says the two have been looking at shows like Squid Game , the blockbuster Korean series, to get Latinos in front of a worldwide audience in a similar way. The company had focused on the U.S. and Latin American markets for years, but now they’re thinking more globally. That’s where the opportunity is, Tamez says.

In pitch meetings, Hayek Pinault’s ability to read her audience has been a secret weapon. “Maybe this has to do with the fact that she’s an actress,” Tamez says. “She knows how to listen.”

HAYEK PINAULT’S WORK as a producer did not inform her philanthropy, she says: Her philanthropy made her a better producer.

Her interest in volunteering began in childhood, and her efforts fighting violence against women stretch back to her early days in 2004 working with the Avon Foundation. On a 2009 Unicef trip to Sierra Leone, she famously breast-fed another woman’s baby, a newborn the same age as her own daughter, to combat a regional stigma around breast-feeding. The moment was captured on camera for ABC’s Nightline .

Pinault was keenly interested in her philanthropy. Once when the two were dating and she was volunteering in South America, he asked on the phone about her day. “I said, ‘Oh, it was great. We were with the prostitutes all morning in the red-light district,’ ” she recalls. She talked for an hour, then asked about his day. “He said, ‘I’m embarrassed to tell you what was my day.’ ”

In 2008, a year before they married, the couple began working together to build the Kering Foundation, which Pinault had created to focus on women’s causes.

Over time, Hayek Pinault realised she could broaden her reach even further. In 2013, she and Beyoncé Knowles-Carter founded Gucci Chime for Change, a global campaign by the Kering brand to promote gender equality.

For her signature event, the Caring for Women dinner and charity auction in New York, Hayek Pinault keeps the scope small. The evening’s 200 guests can see each other at 20 tables around a cozy room. For an event that kicks out press, it gets a ton. This year and last, Lauren Sánchez, who is engaged to Amazon’s Jeff Bezos, got in a tabloid-perfect bidding war with Kim Kardashian over a Balenciaga couture lot.

Last year, Hayek Pinault adorned the space with plants and played bird sound effects. She personally wrote fellow celebrities to make sure they’d come. Before they arrived, she lit copal, a rock incense used in Mexican rituals, and waved it around for spiritual cleansing.

“My spirit,” she says, “wants to micromanage.”

N THIS DAY at the pub, Hayek Pinault is mourning the death of Kering, a rescue owl who became famous on her Instagram. A fox got into the aviary on the grounds of their London estate and ate Kering not long ago. The owl slept in her bedroom many nights, though not that evening. “We had our own way of communicating,” Hayek Pinault says. “She would hold my hand and play and try to pull me.” Kering was a pet but also a wild animal. “I never took that owl in if she didn’t want to come in,” she says. The actress knows her owl would have been eaten by a predator long ago if she’d lived in nature. “She had a good life,” she says.

Over the past decade, Hayek Pinault has dealt with losses like this and life’s other challenges by practicing meditation.

A session might take three hours. She knows a meditation DJ who plays music while she lets go in her mindfulness space, which is the smallest room in her house. Sometimes she’s dancing. She’s usually blindfolded, which makes standing on her head tricky. The DJ later debriefs her because she loses herself so completely that she can’t always recall what’s just happened. She finds herself accomplishing physical feats she could never achieve otherwise. She is sparing on details. “I do strange things,” she says.

In the meditation sessions, nothing hurts, she feels elastic in body and spirit. “I’m ready to go in a room wanting nothing and not knowing what to do or what you’re supposed to do—surrendering and understanding your instincts,” she says. “It’s very advanced.”

Like much in Hayek Pinault’s world, the practice is unconventional. “It’s completely the opposite of no pain, no gain,” she says. “It’s completely the opposite of what everyone does.”

Hair, Nao Kawakami; makeup, Wendy Rowe; manicure, Kate Williamson; set design, Max Bellhouse and Tilly Power; production, Bellhouse.



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The UAE Government has issued two Federal Decree Laws regulating the Capital Markets Authority and the capital markets sector, strengthening market stability, regulatory independence, and consumer protection, while aligning with international standards to reinforce the UAE’s position as a leading global financial centre.

Fri, Jan 2, 2026 2 min

The UAE Government has issued a federal decree law concerning the Capital Market Authority and a federal decree law concerning the Regulation of Capital Markets, as part of the UAE’s ongoing efforts to modernise the legislative and regulatory framework governing the financial sector and enhance its stability, efficiency, and competitiveness.

The Decree Laws also further alignment of the national regulatory ecosystem with the highest international standards and reinforce the independence of the Capital Market Authority and its role in safeguarding the soundness and stability of the capital markets sector and ensuring fair competition.

The two Federal Decree Laws aim to preserve the stability and integrity of the capital markets sector and define the core mandates of the Capital Market Authority, foremost among which are regulating licensed financial activities and issuers, supervising and overseeing them in accordance with international standards, issuing regulations and standards to ensure fair and effective financial practices, supporting principles of governance, monitoring and analysing system-related risks, and developing the global standing of the UAE capital markets sector as a financial centre with a strong international reputation.

The two Federal Decree Laws seek to enhance alignment with global best practices and compliance with the requirements of international organisations concerned with the financial sector, including the International Organization of Securities Commissions, the World Bank, the International Monetary Fund, and the recommendations of the Financial Action Task Force, among other requirements that contribute to improving international assessments. Additionally, the two Decree Laws support enhanced international cooperation, facilitate mutual recognition procedures, and enable the recognition of financial products across jurisdictions.

In the area of consumer protection and financial inclusion, the two Federal Decree Laws establish an integrated framework that obliges licensed persons to enable all community segments to access appropriate financial services, in line with digital transformation and financial technology developments, while supporting sustainability and leadership in financial activities and services.

The framework also provides for national awareness programmes in cooperation with the financial sector and civil society institutions, and affirms the continuation of established positive practices, particularly those related to aligning credit facilities with client income levels and protecting clients from irresponsible practices.

The Federal Decree Law concerning the Regulation of Capital Markets introduces proactive early intervention measures to address indicators of deterioration in the financial position of licensed persons, to ensure the financial stability of financial activities and services and protect clients.

These measures include activating recovery plans, imposing additional capital and liquidity requirements, adjusting strategies and administrative and operational structures, appointing temporary committees or placing licensed persons under direct administration, taking merger, acquisition, or liquidation measures when necessary, and applying special measures where a licensed person fails to rectify its position.

Pursuant to the Decree Law, the Capital Markets Authority, in its capacity as the resolution authority, plays a central role in managing financial crises through the dismissal and appointment of management, the appointment of a temporary administrator to manage the licensed person and its assets, capital restructuring, and the implementation of rescue measures to ensure the continuity of critical activities.

With regard to administrative sanctions, the Decree Laws provide for raising administrative fines in proportion to the gravity of violations and the size of transactions, and authorise the Authority to impose proportional fines of up to ten times the profit realised by the violator or the 10 times the value of the loss avoided.

It also allows for reconciliation with violators prior to the issuance of final judicial decisions and permits the publication of sanctions on the official website of the Capital Markets Authority, thereby enhancing transparency and market discipline.

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Abu Dhabi Government issues new HR legislation

Abu Dhabi Government has enacted a new Human Resources Law, effective 1 January 2026, to modernise its employment framework and position the government as an employer of choice. The legislation embeds meritocracy across recruitment, promotion, and rewards, introduces competitive benefits and flexible work models, and strengthens learning and career progression pathways. Designed to attract, develop, and retain high-performing talent across critical sectors, the law supports Abu Dhabi’s vision for a future-ready, agile, and high-performing government workforce.

Thu, Jan 1, 2026 3 min

Abu Dhabi Government has enacted comprehensive human resources legislation to modernize its employment framework, positioning the government as an employer of choice for high-performing professionals, and embedding meritocracy across its workforce of more than 25,000. The law takes effect on 1st January 2026.

The 2026 Human Resources Law transforms how Abu Dhabi Government attracts, develops, and retains talent. It establishes merit-based systems for recruitment and advancement, introduces competitive benefits that appeal to top performers, and creates clear pathways for career progression based on capability and results rather than tenure.

The legislation reflects a strategic shift toward building a high-performing, agile workforce equipped to deliver modern public services. By aligning government employment with best practices in talent management, the law strengthens Abu Dhabi’s ability to compete for skilled professionals and experts in critical fields including AI, technology, policy, and specialized services.

Ahmed Tamim Hisham Al Kuttab, Chairman of the Department of Government Enablement (DGE), said, “This law fundamentally modernizes how we approach human resources in government. We’re creating an environment where exceptional talent chooses public service, where merit drives advancement, and where high performers are recognized and rewarded.

“The best professionals seek organizations that invest in their development, reward excellence, and provide clear career pathways. This legislation ensures we meet those expectations. It’s about attracting the caliber of talent that will drive our continued progress towards an AI Native Government.”

Ibrahim Nassir, Under-Secretary of DGE, said, “This legislation addresses a practical reality: the most talented professionals have options. They can work anywhere. Government must compete not just on mission, but on how we develop careers and support employees throughout their journey with us.

“We’ve built comprehensive learning programs that ensure our people stay ahead of technological change. We’ve introduced accelerated pathways, so high performers aren’t held back by rigid timelines. We’ve created work-life balance provisions that recognize employees have lives, families, and ambitions beyond their desks. This is how modern organizations attract and keep exceptional people, through this law, that is how Abu Dhabi Government operates.”

The law establishes merit-based systems across the employee lifecycle. High performers benefit from accelerated promotion pathways that recognize exceptional work rather than requiring standard tenure periods. Performance-based allowances provide tangible recognition for distinguished contributions. Outstanding new graduates face reduced probation periods, enabling faster progression for those who demonstrate capability.

These provisions signal a clear commitment to rewarding results. Employees who excel advance faster, earn recognition, and access opportunities based on what they achieve, not only how long they serve.

To compete for high-performing professionals, the law introduces benefits that reflect what top talent values. Entrepreneurship leave enables employees to pursue business ventures while maintaining government careers, appealing to innovative professionals who seek diverse experiences. Enhanced and flexible parental leave, including doubled paternity provisions and extended maternity support, recognizes that talented professionals prioritize family wellbeing. Flexible work arrangements, including compressed schedules, optimized hours and enhanced remote work options, provide the adaptability that skilled professionals expect from modern employers in an agile ecosystem such as Abu Dhabi.

These provisions address a fundamental challenge: talented individuals have choices about where to work. This law ensures government employment offers compelling reasons to choose and stay in public service.

The legislation modernizes core HR systems to reflect contemporary workforce needs. Comprehensive learning and development programs provide continuous reskilling opportunities, ensuring employees remain current with evolving requirements. Updated leave provisions, including marriage leave, enhanced bereavement support, and caregiving flexibility, recognize the full scope of employees’ lives beyond work. Tailored arrangements for People of Determination ensure accessibility and inclusion across workplaces within the government.

These modernizations create an employment framework that attracts diverse talent while supporting sustained high performance. The law replaces outdated approaches with systems designed for today’s workforce expectations and tomorrow’s public service needs.

By embedding meritocracy, modernizing systems, and positioning government as an employer of choice, the law provides mechanisms for retaining high performers, establishing a culture where excellence is recognized, developed, and rewarded.

The result is a human resources framework aligned with Abu Dhabi’s ambitions for a capable, agile, high-performing and future-ready government workforce.

The Human Resources Law No. (08) of 2025 takes effect on 1st January 2026. DGE will work with government entities across Abu Dhabi to ensure effective implementation and provide comprehensive support to integrate the new systems and approaches.

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Tally launches TallyPrime 7.0 with faster e-Invoicing for KSA SMEs

Tally Solutions has launched TallyPrime 7.0 in Saudi Arabia, delivering faster B2C e-Invoicing, seamless compliance with ZATCA Phase-2, and enhanced digital continuity for SMEs. The update reinforces Tally’s commitment to supporting KSA’s SME-led growth and Vision 2030 through secure, automated, and locally aligned business technology.

Mon, Dec 29, 2025 2 min

Tally Solutions, a leading global technology company providing Business Management Software to small and medium businesses worldwide, today announced the launch of TallyPrime 7.0 in the KSA, along with significant enhancements to the Kingdom’s e-Invoicing (Fatoorah) experience. As compliance, continuity, and automation become fundamental to SME productivity, the latest update introduces capabilities that help businesses stay fully aligned with ZATCA’s Phase-2 requirements while operating with greater speed and confidence.

At the heart of this release is a major improvement to the B2C e-Invoicing flow, eliminating delays and enabling cashiers to issue invoices faster. Under updated ZATCA guidelines, simplified B2C invoices require only reporting instead of clearance, allowing TallyPrime to generate QR codes instantly at the time of saving or printing—without waiting for portal confirmation. The e-Invoice Overview has also been redesigned to highlight only items needing action, while the system now auto-triggers status checks for invoices pending more than two days. The result is a simpler, faster, and more intuitive experience that reduces manual effort, streamlines compliance, and keeps SMEs aligned with ZATCA Phase-2 requirements.

SMEs represent more than 90 percent of the businesses operating in the Kingdom and are a cornerstone of Saudi Vision 2030, the National Transformation Program, and ZATCA’s digitization agenda. This launch reinforces Tally’s long-standing commitment to supporting Saudi Arabia’s economic diversification and digital growth by delivering technology deeply aligned with the region’s compliance priorities.

Another significant advancement in TallyPrime 7.0 is the strengthened experience of TallyDrive. While it ensures uninterrupted continuity through automated cloud and local backups, its core has always been data security — a principle central to Tally for decades. With enhanced encryption, stronger integrity checks, and a framework designed to keep data fully in the business’s control, TallyDrive allows SMEs to embrace digital workflows with confidence, assured that their financial information remains protected and accessible only to them.

The release also introduces a seamless and fully compliant adoption of the KSA’s new national currency symbol. Designed to respect local norms and adhere to Central Bank guidance, the new symbol appears consistently across invoices, reports, and statements in both English and Arabic, helping businesses maintain accuracy, professionalism, and regulatory alignment from the moment they upgrade.

Additionally, Smart Find, Tally’s advanced universal search capability, allows users to instantly locate entries across multiple companies, even with partial information, supporting SMEs that manage growing operations and increasingly rely on real-time insights.

Speaking on the launch, Vikas Panchal, General Manager – MENA, Tally Solutions, said:
“With the Kingdom accelerating its digital and economic transformation, SMEs remain central to driving innovation and sustained growth. At Tally, we are closely aligned with this vision, building technology that reflects local needs and strengthens business resilience. From simplifying e-Invoicing compliance to enabling effortless localization and secure digital continuity, TallyPrime 7.0 delivers confidence and efficiency for today’s fast-evolving KSA market.”

Tally has consistently strengthened TallyPrime with features tailored for the Kingdom, including English and Arabic bilingual support, VAT and Corporate Tax readiness, and comprehensive alignment with ZATCA’s e-Invoicing mandate. TallyPrime 7.0 builds on this foundation with a smoother upgrade experience, ensuring businesses stay aligned with regulatory changes and new features without disruption.

The release marks another milestone in Tally’s commitment to the KSA and the wider GCC, supported by a strong partner network and dedicated regional support ecosystem.

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Record UAE Tourism Delivers $70bn to Economy in 2025

The UAE’s tourism sector continues to break records, contributing around 14% of GDP and an estimated USD 70 billion in 2025. With visitor numbers, hotel occupancy, and global travel stocks all rising, tourism remains a key engine driving economic diversification, investor confidence, and growth across aviation, hospitality, retail, and real estate as the country heads into 2026.

Wed, Dec 24, 2025 2 min

The UAE’s tourism sector continues to deliver record-breaking performance, reinforcing its role as a major driver of economic growth and diversification. Tourism now accounts for roughly 14% of the UAE’s GDP, contributing an estimated USD $70 billion in 2025.

Visitor demand remains robust. Hotel guest volumes rose by nearly 5% year-on-year to around 23 million in the first nine months of 2025, a new record, while occupancy rates held steady at approximately 80%, highlighting sustained demand despite global economic uncertainty.

According to Farhan Badami, Market Analyst at eToro, the strength of tourism has important implications for both regional and global markets.

“Tourism is not just a growth story for the UAE economy — it’s a key pillar supporting a wide range of sectors and listed companies. Airlines, hotel groups and travel platforms all stand to benefit as visitor numbers continue to rise.”

Globally, travel and leisure stocks have already reflected this momentum, with companies such as Expedia, Booking.com, Trip.com and Hilton enjoying strong performance as international travel demand remains resilient.

Tourism also acts as a powerful multiplier for the UAE economy. Beyond airlines and hotels, rising visitor numbers support retail, transport and real estate, improving earnings visibility and sentiment across multiple sectors.

“What’s particularly important is how tourism reinforces the UAE’s long-term diversification narrative,” Badami added. “Strong visitor inflows help reduce reliance on hydrocarbons while supporting consumer activity and property markets, backed by world-class infrastructure and the UAE’s position as a global aviation hub.”

While tighter global economic conditions could weigh on discretionary travel, the UAE’s ability to attract record visitor numbers even amid uncertainty underscores its competitive edge as a premium leisure and business destination, supporting confidence in regional growth heading into 2026.

Locally, companies such as Emaar and Aldar benefit from increased footfall across malls, hotels and lifestyle developments, while Air Arabia is a direct beneficiary of expanding regional travel and connectivity.

“As we look ahead to 2026, tourism is likely to remain a key engine of growth for the UAE, creating investment opportunities both locally and globally,” Badami said.

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Off-Plan Maintains 70% Market Share While Tenant Renewals Strengthen to 59%

Dubai’s property market remained steady, with prices up 2.5% and AED 46B in sales driven mostly by off-plan activity. Buyer demand at betterhomes rose 3%, while leasing saw 45,771 contracts, with renewals climbing to 59% as tenants stayed put heading into 2026. Strong sales momentum, stable rentals, and community-led demand set a balanced foundation for the new year.

Fri, Dec 12, 2025 2 min

Dubai’s residential market held steady in November, with both sales and leasing activity reflecting confidence and consistency as the city moves toward 2026, according to betterhomes.

Off-Plan Drives 70% of Transactions as Prices Rise 2.5%

On the sales side, average prices rose 2.5% month-on-month to AED 1,950 per sqft, continuing the upward trend seen across Q4. The market remained steady as Dubai recorded 17,812 sales transactions worth AED 46 billion, only marking a seasonal 2.9% dip in volume. Off-plan remained the dominant driver with 12,429 transactions, while the secondary market recorded 5,383 sales, maintaining healthy absorption across established communities.

Developer activity was led by Emaar across both off-plan and title-deed sales. At betterhomes, buyer demand rose 3% month-on-month, underscoring resilient demand despite year-end pacing. Sales interest continued to center around established apartment hubs including JVC, Business Bay and JVT, along with villa communities such as Jumeirah Golf Estate, Dubai Land and Mohammed Bin Rashid City.

“November showed strength without the noise,” said Louis Harding, CEO at betterhomes. “With prices up 2.5%, AED 46 billion transacted, and buyer leads growing 3%, the sales market is moving with confidence driven by real demand and well-positioned projects.”

Renewals Climb to 59% as Tenant Mobility Eases

In leasing, the city recorded 45,771 rental transactions in November. Renewals strengthened to 59% of all leases (26,763 contracts), while new contracts totaled 18,873, reflecting a continued preference among tenants to stay put as the year closes. At betterhomes, enquiry levels followed the usual year-end rhythm, with activity moderating as residents delayed moves until early 2026.

Rental growth was community-specific: Dubai Festival City villas rose 4.5%, while Dubai Hills Estate saw a 2% uplift, supported by strong family demand.

Payment terms remained flexible, with 4-cheque agreements representing 34% of leases and single-cheque agreements 27%. Demand continued to cluster around established apartment communities such as JVC, Business Bay and Dubai Silicon Oasis, and villa hubs including Dubai Hills Estate, Damac Hills 2 and The Valley.

“The leasing market moved with clarity and consistency in November,” said Rupert Simmonds, Director of Leasing at betterhomes. “With renewals making up nearly 60% of all activity and strong interest across our core communities, tenants are prioritizing neighborhoods that support everyday living as we head into the new year.”

Outlook: A Stable Platform for 2026

Across both sales and leasing, betterhomes expects November’s steady performance to support a balanced start to 2026, underpinned by population growth, liquidity, and sustained developer and tenant engagement across Dubai’s key communities.

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Financial Sector Faced AI, Blockchain and Organized Crime Threats in 2025

From AI-scaled malware to NFC fraud and massive supply-chain breaches, Kaspersky’s 2025 Security Bulletin shows how the financial sector fought through one of its most complex cyber threat years yet. With ransomware up 35% and over 1.3 million banking trojan attacks detected, 2026 is expected to bring deepfake scams, WhatsApp trojans, regional stealers, and adaptive “agentic” AI malware.

Thu, Dec 11, 2025 4 min

2025 Kaspersky Security Bulletin provides a review of the major cybersecurity trends of the year and offers a look towards the future of cybersecurity, focusing on the financial sector in its first part. According to the report, in 2025, the financial sector navigated a rapidly evolving cyber landscape, with malware spreading through messaging apps, AI-assisted attacks, supply chain compromises, and NFC-based fraud.

Based on Kaspersky Security Network statistics for the year (from November 2024 to October 2025), 8.15% of users in the finance sector faced online threats and 15.81% faced local (on-device) threats. 1,338,357 banking trojan attacks were detected by the company’s solutions. 12.8% of B2B finance sector companies faced ransomware this year – that marks a 35.7% increase in unique users in 2025 compared to the same period of 2024.

The company’s experts highlight the following cybersecurity trends and cases shaping the financial sector in 2025:

Large-scale supply chain attacks: the financial sector faced a series of unprecedented supply chain attacks, which are incidents that exploit vulnerabilities in third-party providers to reach their primary targets. The breaches demonstrated how vulnerabilities in third-party providers can cascade through national payment networks, affecting even central systems.

Organized crime converging with cybercrime: organized crime is increasingly combining physical and digital methods, creating more sophisticated and coordinated attacks. Financial institutions faced threats that blend social engineering, insider manipulation, and technical exploitation.

Old malware, new channels: cybercriminals increasingly exploit popular messaging apps to spread malware, shifting from email phishing to social channels. Banking trojans are being rewritten to use messaging platforms as a new distribution vector, enabling large-scale infections.

AI scales malware to new heights: this year, AI-enabled malware has increasingly incorporated automated propagation and evasion techniques, allowing attacks to spread faster and reach a larger number of targets. This automation also shortens the time between malware creation and deployment.

Mobile banking attacks and NFC fraud: Android malware using ATS (Automated Transfer System) techniques automate fraudulent transactions, altering transfer amounts and recipients in real time without the user noticing. NFC-based attacks have also emerged as a key trend, enabling both physical fraud in crowded places and remote fraud via social engineering and fake apps mimicking trusted banks.

Blockchain-Based C2 Infrastructure is on the rise: crimeware attackers increasingly embed malware commands in blockchain smart contracts, targeting Web3 to steal cryptocurrencies. This method ensures persistence and makes the infrastructure extremely difficult to remove. Using blockchain for C2 operations allows attackers to maintain control even if conventional servers are shut down, highlighting a new level of resilience in cyberattacks.

Ransomware presence: these types of attacks remained a persistent threat for the financial sector with 12.8% of B2B finance organizations affected in November 2024 through October 2025.

Disappearance of certain malware families: some malware families are likely to disappear, as their activity depends directly on the operations of specific criminal groups.

“In 2025, financial cyber threats evolved into a complex landscape, with attacks hitting businesses and end users alike. Criminal groups increasingly combined digital tools, insider access, AI and blockchain to scale operations, forcing organizations to secure not only their systems but also the human networks that support them,” said Fabio Assolini, Head of the Americas & Europe units at Kaspersky GReAT.

Kaspersky predictions for what finance cybersecurity might face in 2026 include:

Banking Trojans will be rewritten for WhatsApp distribution: criminal groups will increasingly rewrite and scale banking trojans distribution and abuse messaging apps like WhatsApp to target corporate and government organizations that still rely on desktop-based online banking. These environments are where Windows-based banking trojans thrive.

Growth of deepfake/AI services for social engineering: the trade in realistic deepfakes and AI-powered campaigns is expected to expand even more, fueling scams around job interviews and offers, driving underground demand for tools that fully bypass Know Your Customer (KYC) verification.

Appearance of regional info stealers: as Lumma, Redline and other stealers are still active, we expect to see the appearance of regional info stealers, targeting specific countries or regions, expanding the use of malware-as-a-service model.

More attacks on NFC payments: as a key technology used in payments, we’ll see more tools, more malware and attacks directed against NFC payments, in all types.

The advent of Agentic AI malware: agentic AI malware is characterized by its ability to dynamically alter behavior mid-execution. Unlike conventional malware that relies on pre-defined instructions, agentic variants are designed to assess their environment, analyze their impact, and adapt their tactics on the fly. This means that a single piece of malware could exhibit a range of behaviors, from initial infiltration to data exfiltration or system disruption, all in response to the specific defenses and vulnerabilities it encounters.

Classic fraud will obtain new delivery: fraud will remain a major threat to end users, but its delivery methods will keep evolving. As new services and messaging platforms emerge, attackers will continue to adapt their tactics to the channels where their target audience is most active.

The persistence of ‘out of box’, pre-infected devices: the threat of counterfeit smart devices sold already infected with trojans (such as Triada) will continue to evolve. These trojans often come with extensive capabilities, including the ability to steal banking credentials, and affect not only “gray” Android smartphones but also other smart devices such as TVs.

Kaspersky experts recommend the following to keep safe:

  • Monitor accounts and transactions regularly for suspicious activity.
  • Download apps only from official stores and verify developer authenticity.
  • Disable NFC when not in use, and utilize wallets that block unauthorized communication.
  • Protect your financial transactions by adopting Kaspersky Premium with the Safe Money feature, which verifies the authenticity of known online payment systems and banking websites.

Financial organizations can embrace an ecosystem-based cybersecurity strategy that unites people, processes, and technology:

  • Assess the entire infrastructure, fix vulnerabilities, and consider external specialists for fresh perspectives that reveal concealed risks.
  • Deploy integrated platforms to monitor and control all attack vectors with rapid detection and swift response across the organization. Solutions from the Kaspersky Next product line can help with this goal, as they provide real-time protection, threat visibility, investigation, and EDR/XDR capabilities scalable to organizations of any size and in any industry.
  • Stay current with the threat landscape using Kaspersky threat intelligence and analytics, run regular awareness training to build a human firewall that recognizes threats and enforces security policies.
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Qadi Secures Pre-Seed Funding to Build the Middle East’s First Sovereign Regulatory Compliance Platform for the AI Era

Qadi, the Middle East’s first sovereign regulatory compliance platform, has emerged from stealth with a pre-seed round led by Incubayt. By transforming local laws and policies into AI agents, Qadi aims to automate legal and compliance workflows across MENAT, delivering faster decisions, deeper regulatory alignment, and trusted data sovereignty for law firms and financial institutions.

Mon, Dec 8, 2025 2 min

Qadi, the Middle East’s first sovereign regulatory compliance platform, today emerged from stealth and announced its pre-seed funding round, led by Incubayt. Qadi’s platform turns local laws, regulations and policies into AI agents that can make compliance determinations, with the goal of transforming how the region’s law firms and institutions manage legal and compliance workflows enabling them to move faster and unlock growth.

Built for the legal and regulatory systems of MENAT, Qadi combines regional legal expertise, regulatory insight and data sovereignty in a single platform. Qadi deconstructs local laws, regulations and internal policies and encodes their rules into AI agents that take actions, and integrates compliance checks proactively into business workflows.

Qadi’s mission is to give the region a regulatory platform that legal and compliance teams can trust. It protects the confidentiality of institutional data and policies while unlocking the speed and intelligence of next-generation AI agents.

Within Qadi, AI agents convert fragmented legal and compliance tasks into end-to-end workflows. One set of agents can take first-pass responsibility for contracts, reviewing Non-disclosure Agreements (NDAs) and Master Service Agreement (MSAs), checking them against local requirements and internal playbooks, routing them to the right approvers, and notifying sales and go-to-market teams when deals are ready to move. Another set of agents can focus on scanning media assets against regional financial promotions and advertising rules.

Mohamad El Charif, Founder at Qadi, said: “Qadi is doing something distinct. We aren’t just building a copilot; we’re building the engine for compliance automation. By bridging the gap between strategic legal advisory and AI, Qadi is positioning itself as the backbone of the next generation of legal services in the region.”

The funding will drive the expansion of Qadi’s team of AI and Legal Engineers and support the rollout of its platform to select law firms and financial institutions across the GCC.

Sami Khoreibi, Investor and Founder of Incubayt, commented: “Around the world, regulatory AI is moving from experiments to core infrastructure but in this region, it has to be sovereign and deeply tuned to local rules. Qadi is taking the right approach of starting with local laws, regulations and policies, encoding them as agents, and deploying them inside the institution’s own environment. That combination of agentic automation, regulatory depth and data sovereignty is exactly what our most sophisticated clients are asking for.”

As the Middle East continues to modernize its legal and regulatory regimes and attract global capital, Qadi aims to provide the regulatory operating layer for the region’s law firms and institutions, embedding regulatory intelligence directly into operational workflows for instant, scalable decision-making.

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Shifting Sands: How MENA Markets Evolved in 2025

MENA equity markets saw sharp contrasts in 2025: Dubai and Abu Dhabi outperformed as safe havens, Saudi Arabia’s TASI lagged with a 12% drop, and Egypt’s EGX 30 surged over 30% amid economic stabilization. With oil prices down and diversification accelerating, the region is shifting toward non-oil growth, AI investment, and stronger structural reforms.

By Mohanad Yakout, Senior Market Analyst at Scope Markets
Fri, Dec 5, 2025 2 min

2025 proved a year of contrasts for MENA equity markets. In the UAE, the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) steadily outperformed many regional peers, as investors gravitated toward more diversified economies less sensitive to oil-price swings. DFMMI (Dubai’s main index) registered a strong run mid-year. By contrast, the Tadawul All Share Index (TASI) in Saudi Arabia struggled, the region’s worst-performing major index in 2025, with a ~12% drop. At the same time, EGX 30 in Egypt delivered impressive gains: the index rose over 30% year-on-year, reflecting renewed investor confidence. 

Underlying this among markets was a challenging global environment: oil prices dropped roughly 15 % year-to-date, exerting pressure on oil-dependent economies across the Gulf. That decline weighed on fiscal revenues and investor sentiment, particularly for energy-heavy markets.

Against that backdrop, Dubai (and to some extent Abu Dhabi) emerged as financial safe havens. With a diversified economic base, lower oil breakeven point, robust real estate and services sectors, and strong earnings across non-oil corporates, the UAE began to cement its status as a global financial hub. Analysts have highlighted growing flows into UAE equities as investors rotate away from oil-centric listings toward more stable, diversified equities. 

Meanwhile in Saudi Arabia, 2025 saw a strategic turn: under renewed Western engagement, Riyadh via some of its sovereign-backed entities, accelerated investments in artificial intelligence, digital infrastructure and high-tech. The shift away from pure oil and real estate based growth reflects a longer-term push to diversify and future-proof the economy. 

In Egypt, the story was of gradual stabilization. After years of economic strain, real GDP grew about an average of 5% QoQ in the first 3 quarters of the year 2025, thanks to structural reforms, manufacturing expansion, and supportive investments. Inflation, which had surged to historic highs, has moderated significantly. Urban consumer inflation eased to manageable levels, bringing some relief to households, while non-oil private-sector activity reached a five-year high in late 2025. 

Together, these developments reflect a broader rebalancing across MENA: markets increasingly favor diversified growth, non-oil investments, and structural reform. As 2025 closes, it seems the region is recalibrating — with Dubai and Abu Dhabi rising as financial safe-havens, Riyadh betting on AI for the next era, and Cairo cautiously emerging from economic turbulence.

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