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DUBAI: Dubai Lynx, a regional creative festival and awards program organized by Cannes Lions, is now accepting entries for the 2026 awards.

This year sees the addition of a new category, the Luxury Lynx Awards.

Marian Brannelly, global director of Awards, LIONS, told Arab News: “The luxury sector is evolving rapidly.

“Driven by innovation and an increasingly discerning audience, brands in this sector are at the cutting edge of culture, shaping and reframing excellence.”

The award will spotlight “branded communications and solutions that drive business performance and brand loyalty,” and aim to “set a new benchmark” for the regional luxury industry, according to Dubai Lynx.

Other categories have also been updated to reflect the region’s evolving creative landscape.

The Design Lynx Award now features a new section, Transformative Design, which will recognize the role of design in driving innovation while delivering measurable impact.

The Social & Creator Lynx Award, previously known as the Social & Influencer Lynx Award, has been renamed and expanded, with five new sub-categories, to recognize the growing role of influencers and content creators in marketing.

Dubai Lynx is also broadening the scope of Glass: The Award for Change, extending its focus beyond gender to include issues such as disability, race, sexuality and social inequity.

Entrants must specify the community the work represents; explain the problem it addresses and demonstrate its impact on that community.

Other changes include updates to the Digital Craft and Creative Commerce categories, along with the introduction of a new Cultural Engagement sub-category across multiple awards.

“Each year, the awards spotlight the work that not only defines the MENA creative landscape but also demonstrates the power of creativity to deliver real business results and cultural impact,” said Kamille Marchant, director of Dubai Lynx.

“As the industry evolves, Dubai Lynx remains a platform that celebrates those setting new standards, pushing boundaries and driving the future of creativity forward,” he told Arab News.

The deadline for submissions is Jan. 22, 2026, and the awards ceremony will take place on April 1, 2026, in Dubai.

RIYADH: ����ֱ�� is on course to sustain non-oil sector annual growth of 4.5 percent to 5.5 percent through the next five to 10 years as its Vision 2030 diversification program gathers pace, Moody’s have forecast. 

The rating agency cited strong momentum from services, tourism, and a pipeline of mega events including the 2027 AFC Asian Cup, the 2030 World Expo, and the 2034 FIFA World Cup, all of which are expected to reinforce the Kingdom’s non-oil expansion and attract sustained private investment.  

Other rating agencies and consultancies share a similar outlook. Fitch Ratings expects ����ֱ��’s non-oil growth to average around 4.5 percent through the medium term, while BMI and Strategic Gears forecast continued expansion in tourism and exports, reflecting broad confidence in the Kingdom’s Vision 2030 diversification momentum. 

This comes on the back of ����ֱ��’s latest estimate, released on Sept. 30, in which the Ministry of Finance forecast real gross domestic product growth of 4.6 percent in 2026, supported by continued expansion in non-oil activities. 

The ministry’s pre-budget statement set the 2025 projection at 4.4 percent, driven by a 5 percent increase in non-oil output, underpinned by robust domestic demand, rising employment, and expanding private-sector investment. 

In its latest report, Moody’s stated: “Non-oil economic growth, particularly in the services sector, will remain robust as the large-scale projects are implemented and gradually commercialize.” 

The agency cautioned that progress on some flagship projects is uneven amid supply bottlenecks, engineering challenges and tighter funding conditions.  

Moody’s expects authorities to keep diversification outlays relatively high even as oil prices soften, leading to “moderate fiscal deficits” and a rise in government debt to more than 36 percent of GDP by 2030 from about 26 percent at end-2024. 

In a separate report on the banking system, Moody’s said strong credit demand linked to Vision 2030 projects and mortgages has outpaced deposit growth, pushing the sector’s loan-to-deposit ratio above 100 percent for the first time since 2021 and sustaining reliance on alternative funding.  

“While domestic deposits are increasing, mainly supported by inflows from government entities and large companies, credit demand continues to grow at a faster pace,” said the agency.

It noted that Saudi banks have diversified into capital-market issuance and syndicated loans; total bank issuance reached SR56 billion ($14.93 billion) in 2024, up from SR21 billion in 2023, with similar levels expected this year before easing as loan and deposit growth re-align. 

The report added that the Saudi Central Bank has moved to bolster resilience, introducing a 100-basis-point countercyclical capital buffer effective in 2026 and monitoring foreign-currency liquidity and stable-funding ratios — steps that could moderate loan growth at some institutions.  

Moody’s also highlighted the role of the Saudi Real Estate Refinance Co. in easing liquidity pressures, with SRC’s acquired portfolio rising to about 4 percent of the mortgage market and the launch of the Kingdom’s first residential mortgage-backed security in August, initially for local investors.  

Market funding brings its own risks, Moody’s said, pointing to a near-doubling of foreign funding as a share of liabilities since 2020 and the banking system’s net foreign-asset position turning negative in 2024.  

While the agency sees a loss of confidence as unlikely over the next 12 to 18 months, it warned that an abrupt shift could pressure renewals; measured diversification by tenor and geography would help mitigate that risk.  

Another new report by Moody’s on nonfinancial companies revealed that investment and reforms are lifting multiple non-oil sectors — hospitality and retail, manufacturing, mining and real estate among them — even as borrowing needs rise and credit outcomes diverge.  

Moody’s estimates that cumulative private-sector investments of close to SR8 trillion will be needed by 2030 to sustain growth, with the Public Investment Fund remaining central to catalyzing co-investment.  

PIF’s direct role is set to remain substantial. Moody’s projects up to SR1 trillion of PIF investment by 2030 — on top of about SR642 billion over the past five years — while around SR7 trillion from other private participants will be required to maintain non-oil momentum.  

The scale and complexity of projects such as Neom introduce execution risk, but phased investment and tighter oversight should support delivery.  

Utilities will carry some of the heaviest capital burdens as the energy mix targets a 50/50 split between renewables and gas by 2030. 

Moody’s estimates at least SR750 billion of sector investment across 2019 to 2030, with the National Renewable Energy Program having launched roughly SR440 billion of projects since 2019. The Ministry of Energy plans to tender about 130 gigawatts of renewable capacity by 2030.  

As of mid-2025, renewables accounted for around 9 GW — about 10 percent of total generation capacity.  

Saudi Electricity Co., the sole transmitter and distributor, is accelerating grid expansion and interconnections and expects its regulated asset base to grow with elevated capital spending — rising from an average SR29.4 billion per year since 2019 to about SR50 billion to SR55 billion annually in 2025-30.  

Higher investment needs will strain free cash flow and liquidity, though a supportive regulatory framework and increased indirect subsidies — SR10.8 billion in 2024, or 12 percent of revenue — provide offsets.  

Across capital markets, Moody’s expects more Saudi corporates to tap equity and debt as regulatory upgrades broaden participation, with national champions and private companies aiming to balance expansion with prudent leverage.  

That trend, it said, should gradually deepen the domestic market, diversify funding sources and support a more resilient financing ecosystem.