ADEX participates in TXF Middle East & Africa 2025 to advance regional export finance collaboration
This edition of TXF marked the first time the conference merged its Middle East and Africa editions into one comprehensive platform, uniting decision-makers, financiers, and exporters from both regions to promote cross-regional partnerships, explore common interests, and align strategies that support economic development.
Khalil Al Mansoori, Executive Director of ADEX, delivered a keynote address highlighting ADEX's role as a strategic enabler of the UAE's export sector. 'At ADEX, we believe meaningful progress begins with meaningful partnership. Collaboration is the foundation of everything we do,' he said.
Al Mansoori noted that ADEX's role continues to evolve in line with national ambitions such as Operation 300 Billion, Abu Dhabi's Industrial Strategy, and the UAE Centennial 2071. 'We are committed to helping the UAE become a global hub for innovation and trade. Supporting exports and investments in key sectors like AI and renewable energy plays a vital role in achieving a competitive, knowledge-based economy,' he added.
To support this vision, ADEX has expanded its financing solutions beyond traditional loans and guarantees for foreign buyers of UAE goods and services. The agency now also provides direct loans to UAE-based businesses to help scale production and invest in capital expenditure, in addition to offering multilateral risk repurchase agreements that unlock liquidity for high-impact export deals.
'These tools make us more agile, more responsive, and more aligned with the needs of our exporters and partners,' Al Mansoori explained. 'They also allow us to support the UAE's efforts to diversify its economy while opening new opportunities for local companies abroad.'
One of the highlights of the event was TXF's recognition of ADEX's syndicated facility with BGN as one of its Deals of the Year, acknowledging the creative structuring and impact of the transaction in supporting UAE exports in emerging markets.
The event included insightful panel discussions, country-focused workshops, and roundtables of heads of export and project finance.
About ADEX
Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
29 minutes ago
- Zawya
Saudi industrial production index up 7.9% in June
The Saudi industrial production index increased by 7.9% in June compared to the same month the previous year, according to the Industrial Production Index bulletin issued by the General Authority for Statistics (GASTAT). The GASTAT issues the index on a monthly basis. This economic indicator reflects relative changes in the volume of industrial production based on data from the Industrial Production Survey, conducted on a sample of industrial establishments operating in targeted industrial activities. These are mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. As per the GASTAT bulletin, the mining and quarrying sub-index rose 6% year-on-year, while the manufacturing sub-index climbed by 11.1%. The results also showed that the sub-index for electricity, gas, steam, and air conditioning supply grew by 5.6%, while the water supply, sewerage, waste management, and remediation activities sub-index recorded an increase of 6.9% compared to June of the previous year, reported SPA. Based on main economic activities, the results indicated that the oil activities index rose by 7.7% in June 2025, while the non-oil activities index increased 8.6%.
The National
29 minutes ago
- The National
My Abu Dhabi Salary: ‘I earn up to Dh80,000 a month on average in property sales'
Alexandra Warren moved to working in real estate after a six-year career in aviation as a flight attendant with Etihad Airways. The career switch felt like a natural progression, says the 32-year-old South African, who lives with her husband and four-year-old daughter in Al Raha Beach, Abu Dhabi. 'A role in aviation as cabin crew or flight attendant has you at the front line dealing with people, so you need strong interpersonal skills,' says Ms Warren, who works as a sales consultant at Crompton Partners Estate Agents in Abu Dhabi. 'Those are easily transferable skills. In real estate, too, we work with different people, so it was a natural transition.' Ms Warren, who is from Cape Town, finished a bachelor's degree in arts with a major in communication and psychology. She's been in the UAE for more than 11 years and has worked in property for just over two-and-a-half years. What was your first job and salary? My first job was right out of university in 2013, when I joined Etihad Airways as a flight attendant at the age of 21. I worked this job for six years. My salary at the time was around Dh11,000 ($2,995) to Dh12,000 a month. It fluctuated, based on our flights and rosters. I was travelling, enjoying and exploring, until Covid-19 happened and I was one among many of the cabin crew who were made redundant. Tell us about your current role. What is your salary now? I joined real estate over two years ago. I started off doing rentals and the average salary would range between Dh12,000 to Dh13,000 a month. It's a commission-based job. During an exceptional month in leasing, I would make around Dh25,000 to Dh30,000. A year ago, I was promoted and transitioned into sales. The salary has increased significantly, especially in the past six months. My July salary was around Dh195,000. It's hard to give an average figure as the income varies every month. I did a deal in February for an off-plan project. Sometimes, the developers take time to pay us. So, some of my commission in July would have been from a deal that was done a few months ago. On average, I earn about Dh70,000 to Dh8000 a month. But it depends on the deal that you're making. We do not receive a basic salary, so what you put in is what you get out. You need to hustle hard to make money. This industry is all about trust, building relationships and networking. In this industry, referrals are important for your business. Do you manage to save and have considerable savings? I do. When I was doing leasing, it was quite difficult to save because my salary then was significantly smaller. With sales now, we're in a much better position where I'm able to provide or have a cushioning. I'm saving now and looking at investments of my own, which will probably be real estate as well. I have around Dh250,000 worth of savings now. That is a significant number from somebody who was a housewife two years ago. What asset classes do you invest in? We've only been investing in real estate. We own the three-bedroom apartment that we live in, which has appreciated well since we bought it. It was worth Dh2.5 million when we bought it last year and took out a mortgage to pay for it. It's currently worth Dh3.6 million. We also own a land plot in South Africa. Plots there are rare and valuable, so those perform well over a long period of time. We plan to eventually build on it, rent it out or sell it to invest and diversify our portfolio. It's currently rented out as a storage unit. My next investment will also be in Abu Dhabi real estate: a smaller property with a low entry point in one of the up-and-coming areas. Do you have any debt? Nothing except the mortgage, which my husband has been paying off. People say some debt can be healthy, but I haven't reached that stage yet. Growing up, were you taught how to handle your finances? Yes. My parents would tell me to work hard to build a good future for my kids and save every month, while still trying to maintain a healthy balance. That was something my dad always tried to instil in me. My father also has a strong real estate investment portfolio, so he's been able to guide me. What are your major monthly expenses? The mortgage mainly. Personally, my main expenses are on my daughter, pets, a nanny, gas and utilities. I pay municipal tax on our property in South Africa. I also pay service charges for our home here. How do you budget your salary every month? It depends on the money I earn that month. I do not live above my means. I budget by trying to set aside a certain amount for savings every month, just so I have that financial cushion. I just save what I can, at least more than half my income every month. Have you started saving for retirement? I haven't started saving for retirement, but I've started saving. I do not plan to retire anytime soon. My goal right now is to focus on investments in real estate that can provide me with a passive income stream when I retire. A certain amount of interest would come in and I wouldn't have to stress. That's something my parents have done for themselves. I see the way they live and that's something I want for myself. Watch: Why expat salary packages are not what they used to be Do you have an emergency fund? Yes, my savings. I'm working on increasing that number. What do you spend your disposable income on? Activities with my daughter, going out with friends, dinners, personal upkeep and retail therapy. I spend a maximum of Dh2,000 on myself each month. Do you worry about money? Everyone worries about money, especially when you have the responsibility of kids. I wouldn't say that I can't sleep at night. But we all want to be comfortable. We consider my kid's expenses as she grows up. My husband's work covers her school fees. But when she goes to university or college, that's an additional expense. I work hard to provide a comfortable life for my daughter. Having properties that have appreciated gives you a strong sense of reassurance, and knowing that we don't have liabilities in South Africa. What are your financial goals? My goal is to continue closing deals to bring in an income for myself, perform better than the previous month and the prior year. I want to exceed the targets that I set for myself. What is your idea of financial freedom? To not worry about finances, have a safety net and streams of income coming in from all my investments. Financial freedom is to be comfortable enough to eventually retire, not stress about finances and not live month to month. Do you earn passive income? Not yet. The rent that we earn from our plot in South Africa is paid towards the municipal levies every month. Our next investment will generate passive income, so it should be a rental property in the UAE or South Africa.
Zawya
29 minutes ago
- Zawya
Dubai Residential REIT records 10% higher net profit in H1-25, approves dividends
Dubai: Dubai Residential REIT has delivered AED 622 million worth of net profit in the first half (H1) of 2025, marking a 10% year-on-year (YoY) growth that was driven by strong occupancy and operating performance, according to a press release. The revenue also increased by 10% to AED 958 million compared with H1-24, driven by sustained leasing momentum and rental rate increases across the residential portfolio. Meanwhile, the adjusted EBITDA rose by 11% to AED 718 million which resulted in a stable margin of 75%. Portfolio occupancy reached 98%, whereas the gross asset value (GAV) stood at AED 23 billion, reflecting a 7% increase since December 2024. Dubai Residential REIT is a Sharia-compliant income-generating real estate investment trust, managed by DHAM REIT Management. The H1-25 results marked Dubai Residential REIT's inaugural reporting period since listing on the Dubai Financial Market (DFM). Chairman of Dubai Residential REIT, Nabil Mohammad Ramadhan, said: 'Dubai Residential REIT's strong first-half results mark a key milestone in our journey as a newly listed entity and reaffirm the strength of our long-term strategic vision, institutional governance, and value-driven approach.' Ramadhan added: 'As one of Dubai's largest residential landlords, the REIT provides unitholders with access to a resilient, professionally managed platform that reflects the city's ongoing transformation and global appeal.' The Chairman concluded: 'Backed by a robust financial foundation and supportive macroeconomic fundamentals, the board remains focused on ensuring disciplined stewardship, delivering stable income, and driving sustained long-term value for our unitholders - while contributing to Dubai's broader urban and economic development agenda.' Dividend Policy The board Dubai Residential REIT approved an interim cash dividend of AED 550 million for H1-25 to be distributed in September 2025. Dubai Residential REIT previously announced that the sum of the first two dividend payments in respect of the financial results for the year ending 31 December 2025 will be the higher of AED 1.10 billion, or 80% of profit before changes in the fair value of investment property for 2025. In regards to the financial results for the year ending 31 December 2026 and thereafter, Dubai Residential intends to distribute at least 80% of profit for the period before changes in fair value of investment property for each accounting period. All dividend distributions remain subject to the approval of Dubai Residential REIT's board of directors Therefore, Dubai Residential REIT will follow a semi-annual dividend distribution policy, with payments scheduled for April and September of each year, in line with the guidance provided at the time of the Initial Public Offering (IPO). Meanwhile, Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said: 'Dubai Residential REIT's strong first-half performance reflects disciplined execution across every aspect of our operations - from asset management and leasing to tenant retention and service delivery. Achieving 98% portfolio occupancy and a 75% adjusted EBITDA margin demonstrates our commitment to operational excellence and prudent cost control.'
