UAE Weekly Business News 01/04/2024
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UAE Weekly Business News: Issue 182 published 1st April 2024.
UAE FREE ZONE NEWS
MoHRE, ADGM to streamline transfer of work permits, licences of Al Reem Island-based companies (WAM 29/03/2024)
ADGM announces incentive initiative for existing Al Reem Island businesses transitioning to ADGM (WAM 26/03/2024)
RAKEZ launches HS&E Appreciation Awards to honour companies (WAM 25/03/2024)
Alibaba Cloud opens training centre in Dubai Internet City to boost digital skills (WAM 25/03/2024)
UAE VISA NEWS (inc. employment, Emiratisastion, human resources, training and women)
UAE Cabinet mandates one-week Eid Al Fitr holiday for federal government starting 8th April (WAM 31/03/2024)
PureHealth launches student and graduate trainee programmes for UAE Nationals AD Ports Group, Archireef deploy Eco Sea Wall Panels in Saadiyat, Al Aliah Islands (WAM 29/03/2024)
Abu Dhabi Gas Safety Committee concludes review of its final report related to LPG systems safety in emirate (WAM 29/03/2024)
UAE Golden, Green, Retirement visas: Full benefits of non-employment visas revealed (Arabian Business 29/03/2024)
Insured Emiratis must be registered within 30 days from date of employment: GPSSA (WAM 27/03/2024)
UAE government, ICAO launch Global Accelerator Ambassador Programme (WAM 26/03/2024)
My Dubai Salary: ‘I earn up to AED60,000 a month from three jobs’ (The National 26/03/2024)
UAE Golden Visa: Wealthy ‘retirees’ flock to Dubai after $272,000 rule change (Arabian Business 26/03/2024)
UAE BUSINESS AND ECONOMY NEWS
Etihad Airways celebrates inaugural flight to Boston (WAM 01/04/2024)
Statistics Centre – Abu Dhabi reports growth of emirate’s non-oil economy and real GDP in 2023 (Abu Dhabi Media Office 01/04/2024)
Abu Dhabi economy grew 3.1% in 2023 on sharp non-oil GDP expansion (The National 01/04/2024)
2/3 small UAE firms express positive view of the future business environment (Khaleej Times 01/04/2024)
ADNOC Gas plans to double LNG capacity by the end of 2028 (Arabian Business 01/04/2024)
UAE law: Hate speech can result in 1-year prison sentence or AED500,000-1m fine (Arabian Business 01/04/2024)
RTA awards contracts for developing 22 bus stations, depots (WAM 31/03/2024)
Dubai Land Department establishes first phase of strategic partnerships to support ‘Dubai Real Estate Programme’ (WAM 31/03/2024)
Dubai developers to allocate 10-15% of projects to Emirati brokers (The National 31/03/2024)
Indian tech firm bets big on growth out of its UAE hub (Khaleej Times 31/03/2024)
Amid rising rents, Dubai firms looking to own properties (Khaleej Times 31/03/2024)
ADAFSA: Tireless efforts to reduce food loss and waste (WAM 30/03/2024)
Abu Dhabi Department of Economic Development reports AED44b of government tenders awarded in 2023 (Abu Dhabi Media Office 30/03/2024)
Takeda’s global initiative brings IBD challenges to forefront in UAE (WAM 29/03/2024)
Dubai announces new plastic bag ban, removes 25 fils charge from June (Arabian Business 29/03/2024)
DFM announces return of 2nd MENA Capital Market Summit on May 1-2 (WAM 28/03/2024)
CABSAT celebrates 30th anniversary, returns to Dubai World Trade Centre in 2024 (WAM 28/03/2024)
EWEC, Tadweer Group announce key partners for world’s most advanced waste-to-energy facility in Abu Dhabi (WAM 28/03/2024)
ITC inaugurates Saadiyat Marina & Ferry Terminal and Rabdan Marina (WAM 28/03/2024)
UAE ranks first in world in Global Entrepreneurship Monitor 2024 report (WAM 28/03/2024)
Dubai Municipality issues guidance for businesses on single use plastics ban (WAM 28/03/2024)
flydubai adds two destinations in Saudi Arabia (WAM 28/03/2024)
Abu Dhabi Chamber establishes working group to champion needs of startups and SMEs in Abu Dhabi (WAM 28/03/2024)
Dubai International Chamber supports Euromercato in European markets (WAM 28/03/2024)
Department of Health – Abu Dhabi partners with Eli Lilly and World Obesity Federation (Abu Dhabi Media Office 28/03/2024)
Dubai company orders more than 100 of world's first flying car (The National 28/03/2024)
UAE considers 10-year 'golden licence' to boost business (The National 28/03/2024)
Abu Dhabi’s Jubail Island announces opening of new early years education centre (Arabian Business 28/03/2024)
Revealed: Renewable energy firms tap asset-backed crypto tokens to raise billions for Middle East solar projects (Arabian Business 28/03/2024)
Is Dubai real estate a better investment than stocks in 2024? (Arabian Business 28/03/2024)
Trakhees runs more than 22,000 Inspections reporting 450 violations during 2023 (WAM 27/03/2024)
Abu Dhabi Chamber, UAE International Investors Council partner to boost investment (WAM 27/03/2024)
M42's ICLDC to open Al Dhafra's first one-stop tech-enabled diabetes facility (WAM 27/03/2024)
Louvre Abu Dhabi attracts over 1.2 million visitors in 2023 (WAM 27/03/2024)
33rd Abu Dhabi International Book Fair begins 29 April (WAM 27/03/2024)
MoIAT launches ITTI Use-Case Guide on industrial best practices to drive I4.0 transformation (WAM 27/03/2024)
DSMC new space working group visits Mohammed Bin Rashid Space Centre (WAM 27/03/2024)
UAE joins global push for near-zero emission buildings by 2030 (WAM 27/03/2024)
ADNOC announces first production from Belbazem offshore block (WAM 27/03/2024)
Dubai Trade to leverage AI for better efficiency (WAM 27/03/2024)
Green Metal Industries to set up $100m steel recycling and production facility in KEZAD (WAM 27/03/2024)
Daman provides international health insurance packages (WAM 27/03/2024)
Dubai's Airbnb business booming as listings double (The National 27/03/2024)
Gault&Millau announces Dubai top chefs to come together for rare culinary collaboration (Arabian Business 27/03/2024)
Baseball United banks on rebranding Dubai, Abu Dhabi franchises to score share of five million Middle East sports fans (Arabian Business 27/03/2024)
Dubai’s One Za’abeel receives Guinness World Record for ‘The Link’ (Arabian Business 27/03/2024)
RTA completes new generation of integrated services (WAM 26/03/2024)
Arabian Travel Market’s travel tech area sees 56% year-on-year growth as leading brands prepare to showcase latest innovations in Dubai (WAM 26/03/2024)
32% of SMEs attracted by Dubai International Chamber in 2023 were from Middle East, Eurasia (WAM 26/03/2024)
UAE strengthens air cargo industry with launch of 'CARDS' data platform (WAM 26/03/2024)
Abu Dhabi named Arab Environment Capital for 2023 (WAM 26/03/2024)
SeaWorld Yas Island, Abu Dhabi crowned 'Largest Indoor Marine-Life Theme Park' by Guinness World Records (WAM 26/03/2024)
Khaled bin Mohamed bin Zayed approves launch of Yas Canal residential project worth AED3.5b (Abu Dhabi Media Office 26/03/2024)
UAE Ramadan 2024: Dress modestly, extend greetings, show respect, says etiquette expert (Arabian Business 26/03/2024)
UAE Health Council discusses strategies to upgrade health sector, enhance competitiveness of UAE (WAM 25/03/2024)
Department of Health – Abu Dhabi promotes exceptional maternity services in emirate (WAM 25/03/2024)
RTA Introduces pilot co-working space at Burjuman Metro Station (WAM 25/03/2024)
Mona Kattan’s KAYALI, Deliveroo partner for fragrance delivery in Dubai (Arabian Business 25/03/2024)
UAE FINANCIAL NEWS
26,596 new investors flocked to DFM in Q1, 2024 (WAM 01/04/2024)
AD Ports Group issues 2023 annual report (WAM 01/04/2024)
UAE's GDP to grow by 4.2% in 2024, rising to 5.2% in 2025: Central Bank (WAM 01/04/2024)
ENBD Capital arranges Lenovo Group's debut $500 million Middle East RCF (WAM 01/04/2024)
UAE corporate tax: Pros and cons of grouping companies (The National 01/04/2024)
UAE personal, corporate defaults hit multi-year lows as consumers get more disciplined (Khaleej Times 01/04/2024)
GCC bank US dollar debt issuance to increase strongly in 2024-2025 (Khaleej Times 31/03/2024)
CBUAE Governor, UAE bank CEOs discuss consumer protection efforts, digitalisation initiatives (WAM 29/03/2024)
Amanat delivers record FY 2023 revenue of AED718m, up 40% YoY (WAM 29/03/2024)
As enrolments grow, Taaleem posts record revenue of $149.4m (Arabian Business 29/03/2024)
Abu Dhabi Securities Exchange anticipates positive IPO trend to continue in 2024: CEO (WAM 27/03/2024)
Central Bank announces M-Bills Auction on 1st April (WAM 27/03/2024
ADIB leads successful closure of AED863m Sharia compliant syndicated transaction (WAM 27/03/2024)
UAE startups: Global investors, VCs redirect funding to tech, renewable energy, tourism ventures (Arabian Business 27/03/2024)
UAE banks lead in revenue, digitalisation cuts branch costs across Gulf: Roland Berger (WAM 26/03/2024)
Ajman Bank receives 'BBB+' Fitch rating with Stable Outlook (WAM 26/03/2024)
Abu Dhabi Securities Exchange welcomes first UAE Bond UCITS Exchange-Traded Fund in the GCC (Abu Dhabi Media Office 26/03/2024)
4 UAE banks help raise Dh4.25b syndicated loan for Africa (Khaleej Times 26/03/2024)
UAE MERGERS AND ACQUISITIONS NEWS
UAE BILATERAL TRADE NEWS
DCT Abu Dhabi forges strategic alliances during debut at Moscow's International Travel and Hospitality Show (WAM 01/04/2024)
Indian developer Prestige Group inks $240m investment deal with ADIA, Kotak AIF (Arabian Business 01/04/2024)
UAE secured 44.1 % of Japan's crude oil needs in February 2024 (WAM 31/03/2024)
UAE, Kenya sign Investment Memorandum to advance digital infrastructure, AI initiatives (WAM 29/03/2024)
TAQA, JERA to develop Industrial Steam and Electricity Cogeneration Plant in Saudi Arabia (WAM 28/03/2024)
Dubai Investments Park Angola inks deal for phase 1 infrastructure development (WAM 27/03/2024)
Abu Dhabi’s E7 wins three new contracts in Africa and LATAM countries (Arabian Business 27/03/2024)
President of UAE receives written message from President of South Sudan (WAM 26/03/2024)
Trends releases 'China's Modernisation and Development of China-UAE Relations' report (WAM 26/03/2024)
UAE, Paraguay Presidents discuss bilateral relations (WAM 25/03/2024)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
