UAE Weekly Business News 06/03/23
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UAE Weekly Business News, Issue 126. 6th March 2023.
Abu Dhabi and Dubai trade license, entrepreneur, employment and visa-related news headlines
UAE jobs: employers focus on well-being and work-life balance in 2023 (The National 06/03/2023)
ACTVET, Al Fardan Exchange to employ 1,000 Emiratis in financial sector (WAM 01/03/2023)
CBUAE revokes licence of 'Dollar Exchange' house (WAM 28/02/2023)
UAE, Thailand explore bilateral labour cooperation (WAM 28/02/2023)
Punitive measures disclosed for entities failing to register Emirati employees with GPSSA (WAM 27/02/2023)
CBUAE revokes licence of Al Rasheed exchange house (WAM 27/02/2023)
UAE bilateral trade news headlines
Dubai International Chamber launches new horizons trade mission to Central Asia (WAM 06/03/2023)
AD Ports Group enters Uzbekistan logistics market via joint venture with SEG ENERA Group (WAM 06/03/2023)
UAE Press: UAE trade gets a boost with CEPA (WAM 06/03/2023)
Egyptian President hails privileged relations with UAE (WAM 05/03/2023)
UAE, Oman sign MoU to boost environmental preservation efforts (WAM 05/03/2023)
UAE and Italy announce promoting relations to Strategic Partnership level (WAM 04/03/2023)
National Human Rights Institution delegation visits National Human Rights Council in Morocco (WAM 04/03/2023)
DP World and Somaliland's new economic zone in Berbera to serve as regional trade hub (The National 03/03/2023)
UAE and Turkey sign comprehensive economic partnership agreement (The National 03/03/2023)
UAEIIC, JOIN sign MoU to enhance cooperation, build investment capabilities (WAM 02/03/2023)
Suhail Al Mazrouei explores ways to boost collaboration in infrastructure and transport with Bahrani (WAM 02/03/2023)
Abdullah bin Zayed meets Indian PM in New Delhi (WAM 02/03/2023)
Hamdan bin Zayed, King of Malaysia review bilateral ties (WAM 02/03/2023)
Abu Dhabi delegation attends Global City Network for Sustainability summit in Tokyo (WAM 02/03/2023)
Mohammed bin Rashid issues law on Dubai Ports Authority to boost maritime trade (WAM 02/03/2023)
UAE secured 34.2% of Japan's crude oil needs in January (WAM 01/03/2023)
UAE government participates in digital economy working group within G20 (WAM 01/03/2023)
UAE-Malta Political Consultation Committee discusses strengthening trade, investment, energy ties (WAM 01/03/2023)
Local Press: Zero tolerance for financial irregularities in UAE (WAM 01/03/2023)
UAE President receives King of Malaysia (WAM 28/02/2023)
Fatima bint Mubarak, a global icon in promoting female empowerment and gender equality: Queen of Malaysia (WAM 28/02/2023)
UAE business and economy-related news headlines
ADQ, IHC to create largest independent investment manager in MENA region (WAM 06/03/2023)
AED200 million manufacturing facility announced at Dubai Industrial City (WAM 06/03/2023)
Presight AI announces intention to list on ADX via Initial Public Offering (WAM 06/03/2023)
EDGE renews partnership with UAE Cybersecurity Council for ‘Cyber Pulse’ initiative (WAM 06/03/2023)
Abu Dhabi opens new wholesale farmers market at Mina Zayed (WAM 06/03/2023)
UAE corporate tax: What companies need to know (The National 06/03/2023)
Dubai’s Department of Economy and Tourism relaunches Dubai Carbon Calculator (WAM 05/03/2023)
DEWA receives 4,056 requests for electricity connections through Al Namoos in 2022 (WAM 05/03/2023)
UAE positioned itself as key player in Global Value Chain: Al Zeyoudi (WAM 04/03/2023)
Blockchain, AI promoting investments in emerging markets: Investopia Conference (WAM 04/03/2023)
UAE looks to AI tutors to transform education (The National 04/03/2023)
AED245.867b saving deposits in UAE banks by end of December 2022 (WAM 03/03/2023)
UAE planning 4 agreements linking UAE economy with over 10% of global economy (WAM 03/03/2023)
ADGM's RESOLVE to focus on sustainability; Web3 and AI; AML/CTF and sanctions (WAM 03/03/2023)
Dubai records AED11.5b in weekly real estate transactions (WAM 03/03/2023)
Emirates, Philippine Airlines announce interline partnership (WAM 03/03/2023)
'New Economy' takes centre stage at Investopia 2023 annual conference (WAM 03/03/2023)
Abu Dhabi records AED77.6b in real estate transactions in 2022 (WAM 03/03/2023)
Dubai Derma 2023 generates over AED2.2b in direct, indirect deals (WAM 03/03/2023)
Art Dubai plays key role in consolidating Dubai’s status as global cultural hub: Manal bint Mohammed (WAM 03/03/2023)
UAE's non-oil private sector economy expands at strongest pace in four months (The National 03/03/2023)
Adnoc Gas IPO: Energy company raises $2.5bn from year's biggest offering (The National 03/03/2023)
Abu Dhabi designates chemicals company Ta'ziz an investment zone (The National 03/03/2023)
UAE ranks among top 10 countries in Global Soft Power Index 2023 (WAM 02/03/2023)
Thani Al Zeyoudi hails UAE’s leadership on trade as key to nation’s rise in Global Soft Power Index (WAM 02/03/2023)
UAE tops MENA region in World Bank’s 'Women, Business and the Law 2023' report (WAM 02/03/2023)
Air Arabia Abu Dhabi starts direct flights to Baku (WAM 02/03/2023)
Green energy meets 80% of Abu Dhabi demand: EWEC (WAM 02/03/2023)
UAE achieves continuous accomplishments in space sector (WAM 02/03/2023)
UAE has a fertile environment for digital assets, Crypto.com chief says (The National 02/03/2023)
Drydocks World now an affiliate of Dubai Ports Authority (The National 02/03/2023)
Adnoc Drilling to buy 10 hybrid rigs in decarbonisation push (The National 02/03/2023)
Dubai's Indian and Pakistani schools improve rankings (The National 02/03/2023)
EDB aims to offer at least $1.6b in financing this year (The National 02/03/2023)
Stem cell therapies promise breakthrough in Dubai life sciences (The National 02/03/2023)
UAE working on 26 comprehensive economic partnership agreements, minister says (The National 02/03/2023)
UAE expects Chinese tourism boost over next 12 months (The National 02/03/2023)
Investments of UAE banks totalled AED528b in December 2022 (WAM 01/03/2023)
National economy records fastest growth in over a decade: Minister of Economy (WAM 01/03/2023)
Emirates Development Bank approves AED6.1b in financing during 2022 (WAM 01/03/2023)
UAE nuclear programme, future pillar of UAE space exploration era (WAM 01/03/2023)
Abu Dhabi National Exhibition Centre to host 7 major events in March (WAM 01/03/2023)
MoF issues Ministerial Decision on Cabinet Decision on Determination of Tax Residency (WAM 01/03/2023)
Dubai Chamber of Commerce, Dubai Chamber of Digital Economy launch six digital business groups (WAM 01/03/2023)
Abu Dhabi University inaugurates state-of-the-art 3D Concrete Printing Research Lab (WAM 01/03/2023)
Hamdan bin Mohammed approves policies, initiatives to support UAE’s sustainability efforts (WAM 01/03/2023)
When are 2023 spring holidays for UAE schools? (The National 01/03/2023)
Dubai is world’s fourth most active luxury residential market (The National 01/03/2023)
UAE to unveil national hydrogen strategy in April (The National 01/03/2023)
Investment surges in DIFC FinTech firms ahead of Dubai FinTech Summit (WAM 28/02/2023)
World Bank expects UAE economy to continue to grow despite global headwinds (WAM 28/02/2023)
UAE President receives Ruler of Fujairah (WAM 28/02/2023)
Mohammed bin Rashid approves Phase II of Hatta development projects (WAM 28/02/2023)
President issues Federal Decree establishing ‘UAE Media Council’, headed by National Media Office (WAM 28/02/2023)
Dubai inflation dropped in January as transport costs eased amid lower oil prices (The National 28/02/2023)
UAE's green and sustainable finance issuance grows 32% amid rising participation (The National 28/02/2023)
Cop28 will have a lasting impact, says Sheikh Hamdan (The National 28/02/2023)
GCC in ‘sweet spot' in terms of economic growth and inflation, say economists (The National 28/02/2023)
Ras Al Khaimah announces creation of free zone dedicated to digital and virtual asset companies (WAM 27/02/2023)
Al Tayer reaffirms UAE's commitment to building more sustainable, resilient world (WAM 27/02/2023)
Central Bank of UAE’s balance totalled AED555b in December 2022 (WAM 27/02/2023)
Tawazun Council establishes free zone for military, security sectors in Tawazun Industrial Park (WAM 27/02/2023)
Dubai Chamber of Commerce introduces Business Sectors Platform to Boost Efficiency and Impact (WAM 27/02/2023)
Tadweer partners with SULO to drive sustainable waste management in Abu Dhabi (WAM 27/02/2023)
UAE Mergers & Acquisitions
Dulsco Group acquires Advance Global Recruitment Ltd (WAM 06/03/2023)
Dubai cloud kitchen company Kitopi acquires UAE food group AWJ (The National 02/03/2023)
TotalEnergies to acquire Cepsa’s UAE upstream assets (The National 01/03/2023)
UAE Financial Results
Majid Al Futtaim announces 2022 financial results (WAM 06/03/2023)
Alpha Dhabi posts AED10.6b net profit in 2022 (WAM 03/03/2023)
flydubai announces record profit of AED1.2b for 2022 (WAM 01/03/2023)
Yahsat reports AED1.6b revenue, 6% YoY increase in 2022 (WAM 28/02/2023)
Abu Dhabi's e& increases stake in Vodafone Group to 14% (The National 28/02/2023)
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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
