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Amira Khalil

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PUBLISHED BY ICN PRESS

  • SpaceX IPO targets June 12 on Nasdaq under the ticker SPCX at $135 per share.
  • The deal seeks $75 billion, ranking as the largest stock listing in market history.
  • Retail investors receive close to a 30% allocation, three times the normal mega-cap level.
  • Demand looks set to beat supply, so requested shares are not guaranteed.

SpaceX IPO excitement fills Wall Street as banks prepare for a record stock debut. JPMorgan Chase plans a Friday party while bankers finalize the company’s huge capital raise. The offering targets a June 12 trading debut on Nasdaq, using the ticker SPCX. Bankers set the price near $135 per share across about 556 million total shares. The deal seeks $75 billion at a company valuation close to $1.75 trillion overall. SpaceX’s largest IPO in history would beat every prior record on Wall Street. A wide 21-bank syndicate runs the offering under one internal name, called Project Apex. Goldman Sachs leads the deal, with Morgan Stanley and JPMorgan also taking top roles.

Retail investors win a bigger slice than usual

SpaceX IPO retail investors gain rare access through one of the biggest public allocations. The company reserves close to 30% of the offering for ordinary buyers, sources say. This level reaches three times the normal allocation seen in a giant company listing. At $75 billion, retail buyers might receive roughly $22.5 billion in newly available shares. Jamie Dimon, the JPMorgan CEO, said Musk is treating small buyers like big institutions. Even so, requesting shares never guarantees an investor will win a full final allocation.

How to buy the SpaceX IPO through your broker

Several major brokerages now offer entry, including Charles Schwab, Fidelity, Robinhood, E-Trade, and SoFi. Fidelity lets customers request shares with as little as $2,000 in a brokerage account. Charles Schwab requires a higher bar, asking clients to hold at least $100,000 first. If you want to learn how to buy SpaceX IPO shares, start with your brokerage app. You submit a conditional order, then confirm it before the listing morning deadline arrives. Robinhood recently won approval to act as an underwriter on future public stock offerings. The Robinhood app pushes its IPO Access feature to attract younger, first-time market participants.

SpaceX IPO price and the fight for shares

Demand for SpaceX shares looks set to top the supply in the pre-IPO pool. Many buyers will receive fewer shares than requested when their orders pile up fast. The SpaceX IPO price sits at $135, yet early demand signals point much higher. On Hyperliquid, pre-IPO futures price the stock near 20% above the listed entry level. Renaissance Capital strategist Matthew Kennedy warned about weak signals from a soft first-day return. He said a gain under 10% would show the deal runs less hot than hoped.

What the SpaceX IPO means for you

Musk keeps tight control, owning about 42% of equity and 85% of voting power. Public buyers, therefore, enter a company where one single person holds clear final authority. Lockup rules block most insiders from selling for about 90 to 180 full days. Selling within 15 days, known as flipping, can limit your future IPO deal access. Stocks have wobbled lately, with the S&P 500 down about 3% over five days. From my standpoint, the weak market raises the stakes for this record stock debut greatly. You should request shares early, yet plan for a smaller fill than you want. Watch the pricing after Thursday’s close, then track the first Nasdaq trades on Friday.

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  • Capital, Elon Musk, IPO, SpaceX

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UAE's First Transition Finance Framework
  • Emirates NBD

UAE’s first transition finance framework has arrived, and it changes how carbon-heavy companies in the country can access funding for their shift away from fossil-heavy operations. Emirates NBD built the framework specifically for corporate and institutional clients whose businesses cannot yet meet the strict criteria of green finance, but who are taking real, measurable steps to cut emissions.

Why this gap needed filling

Think of green finance as a club with a strict entry test. A solar farm gets in easily. A steel plant working to cut its carbon footprint does not, even if it is making genuine progress. That plant still needs capital to fund the changeover, and until now, the UAE market had no dedicated structure for financing it. UAE’s first transition finance framework fills that gap by defining what counts as credible transition activity, rather than requiring businesses to already be green.

The framework applies to high-emitting and hard-to-abate sectors: manufacturing, mining, power and energy, real estate, transport and storage, agriculture and information technology. These industries share a common problem. They are often complex, capital-intensive, or lack a commercially viable zero-carbon alternative right now. A cement producer cannot simply swap its kilns for clean equivalents overnight. Emirates NBD’s methodology gives lenders a consistent way to assess which projects in these sectors deserve transition funding, based on emissions reduction, energy efficiency gains, and adoption of cleaner technologies.

Built on international standards

Emirates NBD did not write this framework in isolation. It drew on the ICMA Climate Transition Finance Handbook, the ICMA Climate Transition Bond Guidelines 2025, and the Loan Market Association’s Guide to Transition Loan Finance 2025. That grounding matters for credibility. A framework built only on internal judgment invites skepticism from investors who want proof that “transition” labels mean something real, not a marketing gloss on business as usual.

To back that credibility, the bank commissioned DNV Assurance to deliver a second-party opinion on the framework. An outside assessor reviewing the methodology gives clients and investors a check beyond the bank’s own claims. Vijay Bains, Chief Sustainability Officer and Group Head of ESG at Emirates NBD, said the framework builds on the bank’s existing sustainable finance and sustainability-linked financing tools, and will help support the transition of the real economy across the UAE and the wider region.

Part of a larger target

UAE’s first transition finance framework does not stand alone. It sits inside Emirates NBD’s broader push to mobilize $30 billion in sustainable and transition finance by 2030. The bank said the new structure will help channel capital toward decarbonization, industrial transformation and long-term resilience projects, giving it another instrument alongside existing green and sustainability-linked products.

The initiative also connects to a bigger regional goal. Emirates NBD is supporting the UAE Banking Federation’s ambition to mobilize AED 1 trillion in sustainable finance by 2030. That figure covers the entire national banking sector, and frameworks like this one are the mechanism through which individual banks contribute their share.

What clients get from it

For a company in one of the covered sectors, the practical benefit is clarity. Before this framework, a business pursuing decarbonization had few consistent signals on which projects would qualify for transition financing versus standard corporate lending. Now, clients get defined criteria covering emissions reduction, energy efficiency upgrades, cleaner technology adoption and shifts toward lower-carbon business models. Investors benefit too, since a shared methodology makes it easier to compare transition claims across borrowers rather than evaluating each one from scratch.

The framework does not promise instant transformation of the region’s heaviest emitters. What it offers is a structured entry point, one that treats credible progress as fundable even when a business has not yet reached green status. For sectors that make up a large share of the UAE’s industrial base, that distinction could shape how quickly decarbonization investment actually moves.

  • 4 min read
UAE Insurance Sector Growth 2025
  • Insurance

Start with the profit line. AED2.6 billion became AED4 billion in a single year, a jump of roughly 54 percent that sits at the center of the UAE insurance sector growth story for 2025 now taking shape in the Central Bank’s latest figures. Numbers like that rarely move alone. Behind them sits a year of premiums outrunning claims, assets outgrowing liabilities, and a health insurance mandate that reshaped demand across five emirates almost overnight.

The Central Bank of the UAE insurance report, released as the sector’s annual statistical review, lays out the mechanics plainly. Total assets reached AED164.9 billion by the close of 2025, up 6.1 percent from AED155.5 billion the year before. Of that balance sheet, AED96.4 billion sat in invested assets, close to 58 percent of the total. Insurers in the UAE are not simply underwriting risk anymore. They are managing a pool of capital large enough to matter to the broader economy, and the Central Bank’s numbers treat that role as central rather than incidental.

Premiums, claims and the widening gap

UAE insurance gross written premiums rose 14.9 percent in 2025, reaching AED74.8 billion against AED65.1 billion a year earlier. Paid claims grew too, up 11 percent to AED46.2 billion, but at a slower pace than premium income. That gap between what insurers collected and what they paid out is where the profit growth originates. Technical provisions, the reserves insurers hold against future claims, rose a more modest 4.4 percent to AED96.3 billion, a sign that liabilities grew in step with prudence rather than in step with premium growth.

The premium retention ratio tells a related story. It climbed to 56 percent from 54.9 percent, meaning insurers kept a larger share of the risk they wrote rather than passing it to reinsurers. Retaining more risk while claims grew slower than premiums is not a coincidence. It reflects underwriting discipline holding steady even as the book of business expanded.

Health coverage reshapes the policy count

The clearest driver of new demand came from outside the balance sheet entirely. The UAE’s mandatory basic health insurance scheme, extended to private sector employees and domestic workers across the Northern Emirates from January 2025, pulled hundreds of thousands of previously uninsured residents into the market. UAE health insurance policies rose 26.1 percent over the year, the single largest movement among all reported metrics. Total active policies across the sector reached 17.3 million by year-end.

Insurance density, a measure of average spending per resident, reached around AED6,500. That figure sits alongside UAE insurance sector total assets and premium growth as evidence that coverage is widening, not just deepening among existing policyholders. Fifty-eight insurance companies now operate in the UAE, supported by 515 registered insurance-related professions, a spread that points to a market with more moving parts than its headline figures suggest.

The Central Bank’s Report

Capital adequacy closed out the picture. Available capital across the sector stood at 455 percent of the minimum regulatory requirement, a buffer far beyond what regulators typically demand. For a sector absorbing a sudden wave of new mandatory policyholders while growing its investment book, that cushion matters. It gives insurers room to write new business without straining the reserves that back existing claims.

None of these figures move in isolation. Premium growth funded profit growth. Profit growth strengthened the capital base. The capital base gave insurers room to absorb 26.1 percent more health policies without visible strain. Read together, they describe a sector that expanded on most fronts at once, a pattern the Central Bank’s report frames as continuity from prior years rather than a single standout event.

  • 3 min read
Dubai Press Club announces leading national institutions
  • Arab Media Summit

As preparations continue for the Arab Media Summit 2026, the Dubai Press Club (DPC), organiser of the event, has announced that nine leading national institutions have joined the list of partners for this year’s edition, WAM published the announcement.

Scheduled to take place from 15th to 17th September 2026, the Summit will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and under the directives of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council.

The Roads and Transport Authority (RTA) was announced as Mobility Partner; Dubai Chambers as Global Commerce Partner; Emirates National Oil Company (ENOC Group) as Energy Partner; Dubai Customs as Trade and Economic Partner; Emirates as Airline Partner; Emirates NBD as Banking Partner; Dubai Courts as Leading Partner; Dubai Municipality as Future City Partner; and Emirates Integrated Telecom Company (du) as Telecommunication Partner.

Mona Ghanem Al Marri, Vice Chairperson and Managing Director of the Dubai Media Council, President of the Dubai Press Club, and Chairperson of the Arab Media Summit Organising Committee, highlighted the importance of the partnerships, noting that they reflect a deep understanding of the media’s role in shaping societies and guiding them towards the future, as well as the significance of the Arab Media Summit as the region’s largest media gathering.

She said, “Our national institutions have helped build an exceptional success story that has earned global recognition and strengthened Dubai’s soft power worldwide. We are pleased to partner with a distinguished group of organisations that have contributed to shaping this inspiring story.”

Al Marri added, “These partnerships reflect a clear recognition of the media’s value in advancing development and a commitment to extending its positive influence across the Arab world. By advancing a competitive and forward-looking approach grounded in professionalism, integrity and strong ethical values, Arab media can deliver impactful content that helps audiences keep pace with global progress and inspires them to play an active role in shaping the future.”

Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority (RTA), affirmed that the media is a key partner in the development journey, contributing to knowledge transfer, raising public awareness, showcasing achievements, and keeping pace with economic, social and technological transformations. He noted that the Arab Media Summit serves as a vital platform for dialogue, the exchange of expertise, and exploring the potential of modern technologies and artificial intelligence to advance media content, enhance the competitiveness of Arab media, and strengthen its readiness for the future.

Al Tayer said, “RTA’s continued partnership with the Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, which recognises the media as an active partner in achieving sustainable development. It also reinforces Dubai’s pioneering position as a leading hub for Arab media, bringing together media figures, decision-makers and experts to shape the future of the sector and address rapid digital and technological transformations.”

He further emphasised that the partnership highlights the vital integration between the media and transport sectors. Dubai’s sustainable and integrated transport system plays a key role in advancing the emirate’s development, strengthening its capacity to host major events, and ensuring seamless and safe mobility for participants and visitors.

Eng. Marwan Ahmed bin Ghalita, Director General of Dubai Municipality, said, “Leading cities of the future are not built on infrastructure and technology alone, but through an integrated urban ecosystem that places people, awareness and knowledge at its core. This is where the media plays a vital role in raising public awareness of the transformations reshaping our cities and the way we live.”

He added, “Today, the media is a key partner in shaping and sharing the inspiring success stories of the UAE and Dubai with the world. It contributes to reinforcing Dubai’s approach and message as a city driven by action and achievement, and as a destination that attracts leading minds, innovators and talent to shape the future. We are proud to be the Future City Partner of the Arab Media Summit, a partnership that reflects Dubai Municipality’s commitment to supporting an exceptional platform that originated in Dubai to anticipate the future of media, shape its direction across the Arab world, and bring together prominent Arab media leaders and influential voices capable of advancing an ambitious Arab narrative around cities that are more sustainable and offer a higher quality of life.”

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said, “Effective economic media serves as a vital link between markets, opportunities and the business community. It plays an important role in building confidence and strengthening cities’ positions as global centres for trade and investment. Our partnership with the Arab Media Summit reflects Dubai Chambers’ commitment to supporting platforms that bring together thought leaders and prominent figures from the media and business sectors. It also contributes to highlighting Dubai’s promising opportunities, advancing the objectives of the Dubai Economic Agenda D33, and reinforcing the emirate’s position as a global business hub.”

Dr. Abdullah Busenad, Director General of Dubai Customs, said, “The Arab Media Summit serves as an important platform for highlighting the media’s role in deepening public understanding of economic transformations and showcasing the importance of trade in driving growth and creating opportunities. Our partnership with the Summit as Trade and Economic Partner reflects Dubai Customs’ commitment to enabling trade, strengthening business confidence and enhancing economic competitiveness. These efforts support the objectives of the Dubai Economic Agenda D33 and further consolidate Dubai’s position as a leading global hub for trade and investment.”

Saif Ghanem Al Suwaidi, Director General of Dubai Courts, affirmed that Dubai Courts’ participation as Leading Partner at the Arab Media Summit 2026 reflects its belief in collaboration between judicial and media institutions and the media’s role in raising public awareness and expanding access to legal knowledge.

He said, “The Arab Media Summit is a leading platform that brings together media leaders, decision-makers and experts. We are proud of our partnership with the Dubai Press Club in an event that has established itself as a platform for dialogue and shaping the future of regional media.

“Our partnership recognises the media as an effective partner in building a more informed society. Dubai Courts continues to support initiatives that combine specialised expertise and media capabilities to present legal and judicial knowledge through innovative approaches, while developing purposeful, reliable content that reflects Dubai’s aspirations and global standing.”

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD Group, said, “Emirates NBD is pleased to reaffirm its support for the Arab Media Summit 2026 as Banking Partner. As a homegrown financial institution, we remain committed to empowering the media sector, recognising its critical role in shaping the future and narrative of our region. As the region’s largest media gathering, the Summit provides a key platform for media professionals from across the Arab world to connect, exchange ideas, and discuss the most pressing challenges and opportunities facing the industry. We look forward to this year’s edition and its new format, which uniquely brings together multiple specialised forums and related events under a single, unified platform.”

Hussain Sultan Lootah, Group CEO of ENOC Group, said, “Dubai’s journey towards the future is underpinned by an integrated framework built on vision, innovation, sustainability and effective cross-sector partnerships. The Arab Media Summit is an influential platform for highlighting the media’s role in addressing the major transformations shaping the world, including the future of energy and sustainability. We are pleased to serve as the Summit’s Energy Partner and contribute to a more informed Arab dialogue on the issues shaping the economy of the future.”

Fahad Al Hassawi, CEO of du, said, “The media shapes how societies see themselves and how they are perceived by the world. Technology is amplifying this role, enabling ideas to cross borders, connect cultures and reach audiences in unprecedented ways. Through our partnership with the Arab Media Summit, we look forward to supporting a platform that brings together media, technology and innovation, while fostering meaningful discussions on the future of content, artificial intelligence and digital platforms, and their role in building a more influential media sector.”

Boutros Boutros, Executive Vice President of Corporate Communications, Marketing and Brand at Emirates Airline & Group, said, “Dubai has long served as a meeting point for the world, connecting people, cultures and ideas. The media is one of the most important bridges supporting these connections. Our partnership with the Arab Media Summit reflects our continued commitment to major initiatives that reach the world from Dubai, strengthen its presence as a global city that brings together talent, ideas and creativity, and create new opportunities for communication and influence.”

Reinforcing Dubai’s Position as a Media Hub

Maryam Al Mulla, Director of the Dubai Press Club, expressed her sincere appreciation to the Summit’s partners for their valued role in this year’s edition.

She said, “Working as one team towards shared objectives is deeply embedded in Dubai’s approach and has contributed to its exceptional achievements across sectors. This collaborative spirit continues to reinforce the emirate’s position as a centre for thought leadership and a hub for shaping the future.”

Al Mulla added: “Over the past two decades, Dubai has steadily strengthened its position as a leading regional media hub, supported by the region’s largest and most dynamic professional media community.”

The 2026 edition of the Arab Media Summit is supported by a total of 13 leading entities and institutions. Previously announced partners include DP World as Strategic Partner; Dubai Electricity and Water Authority (DEWA) as Sustainability Strategic Partner; National Media Authority as National Partner; and the Mohamed and Obaid Almulla Group and American Hospital Dubai as Strategic Healthcare Partner. They are joined by the nine new leading national entities announced as partners for this year’s edition.

The partnerships announced for the 2026 edition reinforce the Arab Media Summit’s role as a platform for constructive dialogue, knowledge exchange and cross-sector collaboration. They also reflect Dubai’s ability to bring together leading government entities, national institutions and businesses in support of initiatives with regional and global impact.

The upcoming Arab Media Summit will be the largest edition yet. This year, the Summit will bring together a diverse range of specialised events, including the Arab Media Forum, the Government Communication Forum, the Arab Youth Media Forum, the Arab Social Media Influencers Summit, the Films Forum, the Games Forum, and the Dubai PodFest, alongside several international media forums.

The Summit will also continue to recognise excellence and emerging talent through the Arab Media Award, which marks its silver jubilee this year, the Arab Social Media Influencers Award, and the Ibda’a – Arab Youth Media Award.

  • 10–12 min read
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