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Julius Baer names new Middle East and Africa co-heads

Swiss wealth manager names Jean Pierre Dib and Philipp Kleinschnittger as regional co-heads, while Régis Burger takes on a new senior leadership role

Gulf Business
Gulf Business

12 October, 2026

Julius Baer names new Middle East and Africa co-heads
Julius Baer has appointed Philipp Kleinschnittger (left) and Jean Pierre Dib (right) as co-heads of its Middle East and Africa business.

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Swiss wealth management group Julius Baer has appointed Jean Pierre Dib and Philipp Kleinschnittger as co-heads of its Middle East and Africa business, effective October 12.

Dib will be based in Dubai, while Kleinschnittger will operate from Zurich. Both will report to Rahul Malhotra, head of Region Emerging Markets.

The appointments form part of the bank’s efforts to strengthen its presence across the Middle East and Africa, a region it considers a strategic growth market amid increasing wealth creation, particularly in the GCC.

The new co-heads will oversee Julius Baer’s client offering and strategic priorities across its onshore operations in Dubai, Abu Dhabi, Manama and Johannesburg, alongside offshore coverage from Zurich, Geneva and London.

Régis Burger takes on new role

As part of the restructuring, Régis Burger, previously head of Middle East and Africa, has been appointed chief operating officer for Region Emerging Markets, a newly created position.

Burger will continue as CEO and senior executive officer of Julius Baer (Middle East) Ltd, retaining regulatory oversight of the entity regulated by the Dubai Financial Services Authority (DFSA).

Dib brings more than 20 years of private banking experience, most recently serving as senior client partner at Julius Baer in Dubai. He has spent more than a decade with the bank’s Middle East business, advising ultra-high-net-worth individuals, entrepreneurs and family offices.

Kleinschnittger also has more than two decades of international banking experience. Since joining Julius Baer in 2016, he has held several senior positions, including head of Middle East and Africa Switzerland, UK and South Africa, and chairman of Julius Baer South Africa.

Rahul Malhotra said the appointments would support the bank’s regional expansion ambitions.

“The Middle East continues to see significant wealth creation, particularly across the GCC,” he said, describing the region as a strategically important growth market for Julius Baer.

Expanding regional presence

Julius Baer established its presence in the Dubai International Financial Centre (DIFC) in 2004, becoming the first wealth management firm licensed there, according to the bank.

It has since expanded its regional operations, opening its Abu Dhabi entity in December 2025, maintaining an office in Johannesburg since 2018 and marking 50 years of operations in Bahrain in 2026.

The Swiss banking group, which operates in around 25 countries, reported CHF547bn in assets under management at the end of June 2026.

Saudi Arabia warns against filming missile, drone attacks amid escalating strikes

Indian Embassy in Riyadh urges nationals to follow local regulations as deadly attacks disrupt Saudi aviation operations

Rajiv Pillai
Rajiv Pillai

12 October, 2026

Saudi Arabia warns against filming missile, drone attacks amid escalating strikes
Image: Adobe Stock/Image for illustrative purpose

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Article Summary
Following escalating missile and drone attacks on critical infrastructure, including Riyadh's airport, Saudi Arabia has warned residents against filming or sharing details of defence operations.

Saudi Arabia’s Ministry of Interior has warned residents against filming, publishing or sharing information related to missile and drone interception operations, cautioning that violations could result in legal consequences.

The warning, issued by the National Center for Security Operations at the Ministry of Interior, comes amid escalating missile and drone attacks targeting Saudi Arabia, including a series of deadly strikes on Riyadh’s King Khalid International Airport.

“Filming, publishing, or sharing information related to countering missiles and drones and their impact sites exposes you to legal liability,” the ministry said in a statement posted on X.

View post on X

The warning covers information relating to missile and drone interception operations as well as locations where projectiles or debris have landed.

Saudi authorities have not specified the penalties applicable to violations or detailed the legal provisions under which individuals could face prosecution.

Indian Embassy urges nationals to follow Saudi regulations

The Indian Embassy in Riyadh echoed the Saudi authorities’ warning, urging Indian nationals living in the kingdom to comply with local laws and regulations.

“The Indian community residing in Saudi Arabia is requested to abide by local rules and regulations,” the embassy said in a post on X.

The latest message follows an earlier advisory issued by the embassy on October 8, urging Indian citizens to remain vigilant, stay indoors when necessary and follow instructions issued by Saudi authorities through official channels.

The embassy had also advised Indian nationals against circulating or reposting videos and news relating to the ongoing security situation.

India has condemned the recent attacks targeting Saudi Arabia’s civilian aviation infrastructure, expressing solidarity with the kingdom and offering condolences to the families of those killed.

Saudi Arabia attacks leave 13 dead, hundreds injured

The warnings come as Saudi Arabia faces an intensifying wave of attacks targeting airports and other critical infrastructure.

According to a Gulf Business report, a deadly strike on King Khalid International Airport in Riyadh on Saturday, October 10, killed 13 people and injured more than 300 others.

A subsequent attack on Sunday struck Terminal 4 at the same airport, killing one person and injuring 11 others.

Saudi-led coalition forces said an unidentified projectile hit the passenger terminal, triggering a fire, while air defence systems intercepted a cruise missile near the airport.

Early on Monday, October 12, Saudi air defences also intercepted and destroyed a ballistic missile launched towards Khamis Mushayt in the kingdom’s southwestern Asir region.

The Saudi-led coalition has blamed Yemen’s Iran-aligned Houthi movement for the recent escalation, while the group has claimed responsibility for several attacks targeting Saudi airports and energy infrastructure.

Saudi airport attacks disrupt international flights

The security situation has significantly disrupted Saudi Arabia’s aviation sector, forcing airlines to suspend services and leaving thousands of passengers facing cancellations and delays.

Nearly 1,500 flight cancellations were recorded across Riyadh, Jeddah and Dammam airports over Sunday and Monday.

Flight-tracking data showed 436 cancellations at Riyadh’s King Khalid International Airport on Monday, representing 64 per cent of scheduled services.

Several international airlines, including Emirates, Etihad Airways and flydubai, have adjusted their Saudi operations, while other carriers have suspended selected services amid continuing security concerns.

The escalating attacks have also prompted foreign embassies to issue travel advisories, urging their nationals to remain vigilant and follow official security instructions.

Meanwhile, the Indian Embassy has confirmed that an Indian national injured in Saturday’s Riyadh airport attack subsequently died. The embassy said it was in contact with the victim’s family and would provide assistance with the repatriation of the remains.

Planning a Europe trip? Five GCC countries could be closer to visa-free travel

Currently, the UAE is the only GCC country whose citizens can visit the Schengen Area for short stays without obtaining a visa

Nida Sohail
Nida Sohail

12 October, 2026

Planning a Europe trip? Five GCC countries could be closer to visa-free travel

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Citizens of five Gulf countries could move closer to visa-free travel to Europe, with a major announcement on the process to waive Schengen visa requirements expected at the upcoming EU-GCC Summit in Riyadh on October 24.

GCC secretary-general Jasem Mohamed Al Budaiwi said visa-free travel for citizens of Saudi Arabia, Qatar, Oman, Bahrain and Kuwait was “very close,” raising expectations of progress in travel arrangements between the Gulf Cooperation Council (GCC) and the European Union.

Currently, the UAE is the only GCC country whose citizens can visit the Schengen Area for short stays without obtaining a visa.

Riyadh summit may mark a turning point

Speaking on the latest episode of the Arab Views podcast, Al Budaiwi said the summit was expected to deliver progress on several issues, including the long-standing push to ease travel restrictions for Gulf citizens.

“On October 24, we will have the second EU-GCC summit coming, with many deliverables. We are expecting that we will reach many things,” he told Faisal J. Abbas, host of the podcast.

Read more-Tourists could soon travel across the GCC with one visa: Key details to know

“I will give you something exclusive. We are very close to reaching the beginning of the process to waive the Schengen visa for GCC citizens, for the five countries, the five remaining countries. So, in that summit, you will hear something positive about that,” he said.

The anticipated announcement concerns the beginning of the process rather than an immediate introduction of visa-free travel. Any change would depend on the subsequent steps agreed by the two sides, an Arab News report said.

GCC-EU trade deal faces hurdles

While progress on travel arrangements appears possible, a breakthrough on a free trade agreement (FTA) between the GCC and the EU remains less certain.

Al Budaiwi said the two sides had held negotiations for years without reaching a final agreement, highlighting differences over the terms proposed by the European side.

“Historically, we’ve entered into negotiations with them (the EU) for many years and we never reached, unfortunately, a conclusion,” he said.

“Now we have to start something new with the EU. However, unfortunately, the EU side insists on adding a few aspects to the FTA that they would propose to us,” he added.

According to Al Budaiwi, those provisions include human rights clauses that the GCC believes should be removed, presenting a continuing obstacle to negotiations.

JioHotstar expands into MENA with plans from Dhs34.99

The content library will offer subtitles and dubbing across more than 12 languages

Rajiv Pillai
Rajiv Pillai

12 October, 2026

JioHotstar expands into MENA with plans from Dhs34.99
Image: Supplied

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JioHotstar has launched in the Middle East and North Africa (MENA) through a partnership with STARZPLAY, expanding its international footprint as it targets the region’s large South Asian audience.

The service will be available as a dedicated JioHotstar destination within the STARZPLAY app and website, offering films, original series, reality programmes and television content across Hindi, Malayalam, Tamil, Telugu, Bangla and other languages.

The MENA expansion comes within weeks of JioHotstar launching in the UK, Canada and Singapore, as the streaming platform looks to extend the international reach of Indian entertainment.

JioHotstar will be available through STARZPLAY’s PLUS plan for Dhs34.99 per month, while the MAX plan costs Dhs49.99 per month and combines the JioHotstar entertainment catalogue with STARZPLAY’s sports portfolio.

JioHotstar targets MENA’s South Asian audience

The launch catalogue includes Malayalam originals such as Prince of Mollywood, Cousins & Kalyanam, Kerala Crime Files, 1000 Babies and Roslin, alongside films including Bethlehem Kudumba Unit, Drishyam, Moonwalk and Thudarum.

Other Hotstar specials include Part Timers, Kappi Squad, The Court, Pritam & Pedro and Ali Baba Aur Chaalis Bhoot, with new JioHotstar Originals set to premiere alongside their release in India.

The platform will also offer the new season of Koffee with Karan, alongside reality franchises including Bigg Boss, Khatron Ke Khiladi and Laughter Chefs – Unlimited Entertainment. Anil Kapoor’s game show India Ka Top 1 Percent will also be available.

Viewers will be able to watch programming from JioStar television channels at the same time as its broadcast in India, including Kyunki Saas Bhi Kabhi Bahu Thi, Anupama, Yeh Rishta Kya Kehlata Hai and Sayonee.

The content library will offer subtitles and dubbing across more than 12 languages.

STARZPLAY combines Indian entertainment and sport

The partnership also builds on STARZPLAY’s sports offering and its existing relationship with South Asian audiences through cricket.

The MAX subscription will combine STARZPLAY’s sports portfolio with JioHotstar’s films, originals, reality programmes and daily entertainment under a single plan.

Amit Malhotra, Head – International Business, JioStar, said: “Our partnership with STARZPLAY brings together a shared ambition to redefine what a modern entertainment platform can be. Through this partnership, we are creating a premier destination where audiences can discover the best in sports, Indian and global entertainment.”

He added: “Our belief at JioStar has always been that the future of streaming isn’t about forcing a choice between local, regional, Indian or global content—it is about bringing the world closer together. JioHotstar’s arrival in the Middle East and North Africa is a significant step in that direction.”

Malhotra said Dubai and the wider Gulf were at the heart of the company’s international ambitions.

Maaz Sheikh, CEO of STARZPLAY, said: “The next phase of streaming growth in MENA will be shaped by platforms that bring the right brands together and make the viewing experience more valuable. Audiences should not have to navigate an increasingly fragmented market to find the entertainment that matters to them.”

To mark the regional launch, JioHotstar and STARZPLAY staged a projection on Dubai’s Burj Khalifa featuring JioHotstar’s “Infinite Entertainment” branding.

The MENA launch extends JioHotstar’s international expansion across the UK, Canada and Singapore, with the platform seeking to build a wider global audience for Indian entertainment.

Saudi Arabia attacks: Total fatalities climb to 13, injuries rise above 300

The escalating strikes have disrupted airport operations, triggered international travel warnings and heightened concerns over the security of the kingdom’s civilian infrastructure

Nida Sohail
Nida Sohail

12 October, 2026

Saudi Arabia attacks: Total fatalities climb to 13, injuries rise above 300

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Saudi Arabia faced renewed threats to its aviation infrastructure after a projectile struck Riyadh’s King Khalid International Airport on Sunday, killing one person and injuring 11 others, as air defences intercepted a ballistic missile targeting Khamis Mushayt early Monday.

The incidents followed a deadly attack on Riyadh airport on Saturday that killed 13 people and wounded more than 300, according to the supplied reports. The escalating strikes have disrupted airport operations, triggered international travel warnings and heightened concerns over the security of the kingdom’s civilian infrastructure.

The latest strike on Sunday came after the airport’s operations had been closed since Saturday.

Riyadh airport strikes raise security concerns

Saudi-led coalition forces in Yemen said an unidentified projectile struck Terminal 4 at King Khalid International Airport on Sunday, causing a fire. Saudi authorities confirmed one death and 11 injuries in the latest incident.

Footage broadcast by Saudi state television showed religious pilgrims gathered near an airport gate before a bright flash sent people running. Parts of the terminal roof appeared to cave in during Saturday’s attack, which the Houthis claimed responsibility for.

Read more: Almost 1,500 flights cancelled across Saudi Arabia as attacks disrupt travel

The airport was closed following the earlier strike. The latest incident added to mounting concerns about the protection of Saudi Arabia’s aviation network as the kingdom intensifies its military campaign against Yemen’s Iran-aligned Houthi movement, which is fighting the Saudi-backed Yemeni government.

Coalition forces also reported intercepting a cruise missile near King Khalid International Airport and destroying a drone in the Eastern Province.

Khamis Mushayt missile interception prompts fresh alert

Saudi air defences intercepted and destroyed a ballistic missile launched towards Khamis Mushayt in the kingdom’s southwestern Asir region early Monday, coalition spokesperson Major General Turki Al-Maliki said in a post on X.

The Saudi General Directorate of Civil Defense issued an emergency alert in nearby Abha warning of a potential attack before later confirming that the danger had passed, an Arab News report said.

Khamis Mushayt and Abha have faced Houthi missile and drone attacks in recent weeks. The group has also targeted Jazan and Najran, two regions bordering Yemen, according to the supplied report.

Houthis claim attacks on Dammam Airport and Aramco facilities

In a televised address on Sunday, Houthi military spokesperson Yahya Saree claimed responsibility for Saturday’s Riyadh airport attack and said the group had also targeted King Fahd International Airport in Dammam and two facilities belonging to Saudi oil giant Saudi Aramco.

Saudi Arabia’s civil aviation authority confirmed that Dammam airport had been targeted, saying that “damage assessments and safety inspections of airport facilities are under way.”

Flight-tracking website Flightradar24 recorded several delays and cancellations affecting arrivals and departures.

UAE waives industrial property fees for student inventors, People of Determination

The exemptions also cover the first substantive examination of a utility certificate, its substantive re-examination, publication of registration and annual fees for the second, third, fourth and fifth years of industrial property protection

Nida Sohail
Nida Sohail

12 October, 2026

UAE waives industrial property fees for student inventors, People of Determination

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Article Summary
The UAE’s Ministry of Economy and Tourism has introduced full fee exemptions across 29 industrial property services for student inventors and People of Determination.

The UAE has introduced fee exemptions for student inventors and People of Determination across 29 industrial property services, in a move aimed at lowering the cost of protecting innovations and encouraging wider participation in the country’s intellectual property ecosystem.

The Ministry of Economy and Tourism (MOET) reviewed Cabinet Resolution No. 136 of 2026, which provides the exemptions as part of efforts to strengthen the UAE’s innovation environment, improve access to intellectual property (IP) protection services and support the development of new ideas into commercially viable assets.

The ministry began implementing the resolution on September 14, 2026.

Fee waivers cover 29 industrial property services

The resolution provides a full exemption from fees for 29 services. Of these, 11 are available to both student inventors and People of Determination, covering applications for patents, industrial designs, integrated circuit layouts and utility certificates, a WAM report said.

The exemptions also cover the first substantive examination of a utility certificate, its substantive re-examination, publication of registration and annual fees for the second, third, fourth and fifth years of industrial property protection.

The original fees for these services range from Dhs100 to Dhs1,000.

Read more: Saudi Arabia extends tax penalty waiver until December 2026: Key details revealed

A further nine services are exempt from fees for People of Determination, with the original charges ranging from Dhs1,000 to Dhs9,000. Another nine services are covered for student inventors, with fees previously ranging from Dhs500 to Dhs4,500.

The measures are intended to reduce the financial barriers to protecting inventions and help students and People of Determination safeguard the results of their research projects. They could also support efforts to develop those innovations into industrial property assets with potential for further development and investment.

UAE strengthens intellectual property framework

Dr Abdulrahman Hassan Al Muaini, assistant undersecretary for the Intellectual Property Sector at MOET, said the resolution reflects the UAE’s commitment to fostering creativity and innovation by making it easier for eligible inventors to register their work and protect their rights.

He said the measures would support their participation in the national IP ecosystem, improve access to services and enable them to benefit from available support mechanisms, contributing to the UAE’s ambition to become a global hub for creativity and the new economy.

Al Muaini also highlighted the country’s efforts to develop a comprehensive legislative and regulatory framework for industrial property rights, including patents and industrial designs, in line with international best practices and standards.

These efforts include the Federal Law on the Regulation and Protection of Industrial Property Rights and the UAE’s accession to the Locarno Agreement Establishing an International Classification for Industrial Designs. The initiatives are intended to strengthen IP protection and create a supportive environment for inventors, entrepreneurs and businesses.

Digital services support growing demand

The ministry is also working to enhance the digital infrastructure underpinning IP services, including patent, industrial design and utility certificate services.

According to Al Muaini, these developments are designed to improve service efficiency, accelerate registration and protection procedures, and provide a smoother, more flexible experience for inventors, innovators and business owners. The efforts align with the objectives of the UAE’s We the UAE 2031 vision.

Patent applications rise 9% in first half of 2026

The fee exemptions come as the UAE records growth in demand for industrial property protection.

MOET reported a 9 percent increase in patent applications in the first half of 2026 compared with the same period in 2025. The country received approximately 4,361 patent applications during 2025.

Applications for utility certificates also rose 21.43 per cent in the first half of 2026 compared with the corresponding period a year earlier.

The total number of patent, utility certificate and industrial design applications registered in the country has reached 22,184 to date, according to the ministry.

The figures point to growing interest among innovators and companies in protecting their industrial property rights. By reducing service costs for eligible applicants, the new exemptions aim to make that protection more accessible and encourage innovation across the UAE.

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Julius Baer names new Middle East and Africa co-heads