UAE Weekly Business News 01/01/24
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UAE Weekly Business News, Issue 169. 1st January 2024.
UAE free zones news
UAE's Excel Astra to build $5.4m fabrication hub at Kezad (The National 29/12/2023)
DFSA issues $1.4m fine on R.J O’Brien (MENA) Capital Limited for compliance breaches (WAM 29/12/2023)
UAE employment, visa and Emiratisation news
Emiratisation deadlines loom for small and large companies (The National 01/01/2024)
Best places to work Middle East 2023 (Arabian Business 27/12/2023)
UAE launches drive to recruit 4,000 Emiratis in private education (The National 26/12/2023)
UAE launches major initiative to train Emirati educators, hire 1,000 annually (Arabian Business 26/12/2023)
UAE business and trade news
‘Can a company deny paying me for freelance work?’ (The National 01/01/2024)
Saudi Arabia and UAE officially join Brics: What will it mean for the bloc? (The National 01/01/2024)
UAE: More property buyers to opt for mortgages as interest rates set to drop in 2024 (Khaleej Times 31/12/2023)
5 luxury Dubai hotels to change names in major hospitality shake-up; new Marriott and Kempinski hotels opening (Arabian Business 31/12/2023)
Dubai’s Sheikh Hamdan announces ban on single-use plastics and other products (Arabian Business 31/12/2023)
Dubai real estate records $4b of transactions in final week of the year (Arabian Business 31/12/2023)
Dubai Taxi to allow riders to pay fare in installments with Tabby (Arabian Business 29/12/2023)
UAE food manufacturers generate $7.63b in revenue; snacks fuel surge (Arabian Business 29/12/2023)
UAE announces new family business registry, improves competitiveness, enhances governance (Arabian Business 29/12/2023)
The dynamics of the fashion industry in the GCC (Khaleej Times 28/12/2023)
UAE leads GCC’s $172b real estate market as Dubai dominates sector (Arabian Business 28/12/2023)
Dubai announces new media strategy to double GDP contribution and attract investment (Arabian Business 28/12/2023)
UAE events and conferences in January 2024: Intersec, Arab Health, Sharjah Real Estate and more (Arabian Business 28/12/2023)
Ayshei: Major new UAE auction and e-commerce site to launch January 2024 with crypto payments and AI (Arabian Business 28/12/2023)
Environment Agency – Abu Dhabi and ADQ partner with Dendra to enhance terrestrial and coastal restoration through advanced technologies (Abu Dhabi Media Office 27/12/2023)
Abu Dhabi Department of Economic Development partners with Schneider Electric to enhance energy management in the industrial sector (Abu Dhabi Media Office 27/12/2023)
UAE space sector to rocket to new heights in 2024 (The National 27/12/2023)
teamLab Phenomena Abu Dhabi reaches 70% development (Arabian Business 27/12/2023)
Talabat reveals biggest orders, most wanted items, trends for 2023 (Arabian Business 27/12/2023)
Dubai’s ambitious cycling masterplan aims to crown the city as the world’s most bike-friendly by 2040 (Arabian Business 27/12/2023)
du, Versa Networks forge strategic partnership to supercharge digital transformation (Arabian Business 27/12/2023)
Dubai’s DET signs partnership with P&G to foster economic growth (Arabian Business 27/12/2023)
Environment Agency – Abu Dhabi completes first Arabian Gulf Atmospheric Research Expedition aboard marine research vessel Jaywun (Abu Dhabi Media Office 26/12/2023)
Department of Municipalities and Transport partners with Tokyo Metropolitan Government to enhance urban development expertise (Abu Dhabi Media Office 26/12/2023)
Abu Dhabi launches hub to strengthen the maritime sector (The National 26/12/2023)
Indian investors invested $335m in Dubai’s market in H1 2023 (Khaleej Times 26/12/2023)
Dubai real estate: R.Evolution signs new contract for Eywa (Arabian Business 26/12/2023)
Revealed: Dubai’s upcoming hotels 2024 (Arabian Business 26/12/2023)
Abu Dhabi ties up with Siemens Energy to decarbonise industrial sector (The National 25/12/2023)
How UAE keeps its lead in economic competitiveness (Khaleej Times 24/12/2023)
Dubai well-positioned to cash in on global travel boom, study says (Khaleej Times 24/12/2023)
UAE financial news
Abu Dhabi sees 7.7% non-oil GDP boost; construction and manufacturing thriving (Arabian Business 31/12/2023)
Abu Dhabi non-oil economy grew 8.6% in first nine months of 2023 (The National 29/12/2023)
UAE issues new buy-now-pay-later rules (Arabian Business 29/12/2023)
Dubai Financial Market records trade of 175.3m shares (Arabian Business 27/12/2023)
UAE tax update: Individuals with AED1mn turnover through business activity to register for corporate tax (Arabian Business 26/12/2023)
UAE corporate tax campaign records strong phase one participation (Arabian Business 26/12/2023)
Crypto and Shariah compliance: Experts weigh in (Arabian Business 25/12/2023)
UAE mergers and acquisitions news
Phoenix Group ventures into Web3 with strategic investment in Lyvely (Arabian Business 27/12/2023)
UAE bilateral trade news
Masdar’s total investment in Uzbekistan reaches $4b (The National 28/12/2023)
UAE and Republic of the Congo finalise terms of Cepa deal (The National 28/12/2023)
GCC signs free trade deal with South Korea to boost economic ties (The National 28/12/2023)
Dragon Oil opens its largest regional office in Turkmenistan (Khaleej Times 28/12/2023)
UAE strikes CEPA deal with African nation to boost $2.1b H1 trade relations (Arabian Business 28/12/2023)
AD Ports and Egypt sign Safaga port terminal deal (The National 27/12/2023)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
