Retail, e-commerce, hospitality and tourism
Abu Dhabi sovereign wealth fund Mubadala Investment Company has completed an approximate $1 billion strategic minority investment in Chinese coffee chain Luckin Coffee alongside Centurium Capital. The transaction was structured as a secondary share transfer, meaning no proceeds entered Luckin Coffee's accounts. Luckin generated CNY 49.288 billion in net revenue in 2025 across 36,310 stores.
Wizz Air has delayed the restart of several European routes to Abu Dhabi from late October to January 10, 2027, following updated guidelines from the European Union Aviation Safety Agency (EASA). The carrier said ongoing Iraqi airspace closures require longer detours and refuelling stops for its A321neo aircraft, making flights commercially unviable at current fuel prices. In addition, services to Jordan have been suspended until October 25, 2026, after Jordanian airspace was placed on EASA's conflict zone restricted list.
Stock markets across the United Arab Emirates declined following renewed warnings over prolonged regional air travel disruptions. Dubai's benchmark index fell about 0.4 percent and Abu Dhabi slipped 0.6 percent, led by banking and blue-chip equities including Emirates NBD. Local carriers including Emirates, Etihad Airways, flydubai, and Air Arabia continue to adjust flight schedules amid regional tensions.
United Arab Emirates stock indexes retreated as renewed warnings of Middle East flight disruptions dampened investor sentiment. Dubai's benchmark dropped approximately 0.4 percent while Abu Dhabi fell 0.6 percent, led by losses in major banking shares including Emirates NBD. The market weakness reflects vulnerability in an economy where travel and tourism contributed 257 billion dirhams in 2025.
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