UAE Weekly Business News 09/09/2024
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UAE Weekly Business News: Issue 205 published 09 September 2024.
UAE FREE ZONE NEWS
Diamond industry must embrace digital innovation to advance traceability, confront global challenges, new DMCC report finds (Government of Dubai Media Office 09/09/2024)
DMCC hosts first roadshow in Yerevan as it reports 20% surge in Armenia members YTD (Government of Dubai Media Office 05/09/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Over 2,000 Filipino overstayers seek visa amnesty assistance in 1 week (Khaleej Times 07/09/2024)
MoHRE offers 4 services to settle violators status, exempt administrative fines during grace period (WAM 06/09/2024)
How domestic workers, employers can withdraw absconding report (Khaleej Times 06/09/2024)
UAE visa amnesty: MOHRE issuing, renewing and cancelling work permits and waives fines for violators and companies (Arabian Business 06/09/2024)
UAE families spend up to $5,450 on domestic worker visas (Arabian Business 06/09/2024)
IGCF 2024 experts stress role of communication in directing Emirati talent into private sector, attracting fresh FDI (WAM 05/09/2024)
Work permit mandatory for overstayers seeking residency during visa amnesty (Khaleej Times 05/09/2024)
Six-month ban should not apply on all cases (Khaleej Times 05/09/2024)
Amnesty in UAE: Bangladesh consulate sets up help desk in Al Awir (Khaleej Times 05/09/2024)
National Bonds partners with Easa Saleh Al Gurg Group to boost financial well-being of 4,000 employees (Arabian Business 05/09/2024)
IGCF 2024: Experts on why favourable residency policies, rich cultural values will attract talent (WAM 04/09/2024)
System upgrade halts work at DNRD on second day (Khaleej Times 04/09/2024)
UAE will soon be among top ten countries for talent attraction, retention (Khaleej Times 04/09/2024)
Travelling to UAE? Avoid visa fraud; 5 important questions to ask (Khaleej Times 04/09/2024)
Astra Tech launches UAE’s fully digital payroll and wage protection solution (Arabian Business 04/09/2024)
UAE has 1.5m people living in labour accommodation; inspections reveal 352 health and safety violations in just 3 weeks (Arabian Business 04/09/2024)
Expat pensions v gratuity payments: UAE, Saudi and Qatar workers eye retirement saving options (Arabian Business 03/09/2024)
UAE BUSINESS NEWS
UAE marks successful series of first-ever HAPS flights (WAM 09/09/2024)
EWEC, dmg events announce clean energy partnership (WAM 09/09/2024)
Dubai Metro marks 15 years of transforming urban mass transit, carrying 2.4 billion riders (WAM 08/09/2024)
UAE Tourism: Boosting investments to drive GDP growth (WAM 08/09/2024)
1 Billion Followers Summit opens submissions for its $1 Billion Pitches competition (WAM 08/09/2024)
Emirates Health Services eliminates 220 procedures, reduces service wait times by 60% (WAM 08/09/2024)
Dubai Municipality transforms the intersection of Airport Road and Sheikh Mohammed bin Zayed Road (Government of Dubai Media Office 08/09/2024)
Big 5 Global to return for 45th edition (Khaleej Times 08/09/2024)
Gulf decision makers expect continued economic growth (Khaleej Times 08/09/2024)
Dubai and Abu Dhabi visitors soar as country targets $122b GDP from tourism sector (Arabian Business 08/09/2024)
Dubai real estate sector recorded $3.9b of transactions last week (Arabian Business 08/09/2024)
UAE announces public sector holiday (Arabian Business 07/09/2024)
Etihad Airways announces new routes to Warsaw, Prague (WAM 06/09/2024)
UAE market cap soars as top 20 companies hit AED2.8t (WAM 06/09/2024)
UAE celebrates historic milestone as Unit 4 of Barakah Plant commences commercial operation (WAM 05/09/2024)
Cleveland Clinic Abu Dhabi’s Neurological Institute performs over 600 neurosurgeries in 2024 (WAM 05/09/2024)
UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman extend additional voluntary output cuts (WAM 05/09/2024)
Ahmed Al Zaabi appointed Chairman of UAE Chambers for 2024-2027 term (WAM 05/09/2024)
Operation of Barakah's Unit 4 fruit of years of efforts: FANR (WAM 05/09/2024)
Ducab doubles metals production, boosting Operation 300bn (WAM 05/09/2024)
Barakah Plant plays key role in achieving UAE's Net Zero 2050 strategy: Amna Al Dahak (WAM 05/09/2024)
Wizz Air launches first long-haul Abu Dhabi-Milan route (WAM 05/09/2024)
Barakah Plant's Unit 4 marks significant advances in energy security, sustainability: Suhail Al Mazrouei (WAM 05/09/2024)
Emirates Steel Arkan rebrands as EMSTEEL to drive operational evolution, global growth (WAM 05/09/2024)
RTA Awards InsuranceMarket.ae Naming Rights of Mashreq Station for 10 Years (WAM 05/09/2024)
dnata further reduces carbon footprint with fleet-wide transition to biodiesel in UAE (Government of Dubai Media Office 05/09/2024)
ADQ to manage, operate and develop DARB and Mawaqif (Abu Dhabi Media Office 05/09/2024)
Dubai and Abu Dhabi among top global cities for entrepreneurs as low taxes and quality of life lure startups (Arabian Business 05/09/2024)
Primark heading to the Middle East with Alshaya partnership (Arabian Business 05/09/2024)
ADNOC and ExxonMobil partner to establish world’s largest low-carbon hydrogen facility (WAM 04/09/2024)
IGCF 2024: Hessa Buhumaid highlights silver economy’s potential to promote inclusive growth in UAE (WAM 04/09/2024)
EGA implements digital greenhouse gas emissions tracking system (WAM 04/09/2024)
Emirates inaugurates new service to Madagascar (WAM 04/09/2024)
Dubai to host inaugural edition of Logimotion in December 2024 (WAM 04/09/2024)
Etihad Water and Electricity inaugurates four new stations with total investment of AED422m (WAM 04/09/2024)
Mohammed bin Rashid meets with President of Nissan Motor Corporation (Government of Dubai Media Office 04/09/2024)
JP Morgan sets up private banking team to tap Dubai’s HNWI boom (Khaleej Times 04/09/2024)
UAE sets global standard for future-ready governance, says top official (Arabian Business 04/09/2024)
UAE bets big on green hydrogen, eyes global clean energy leadership, ministry official says (Arabian Business 04/09/2024)
Empower records 41% increase in customer registration over 5 years (WAM 03/09/2024)
WETEX 2024 to showcase Dubai’s competitive business environment for establishing new corporate headquarters (WAM 03/09/2024)
ADNEC Group partners with Resorts World Cruises to boost Arabian Gulf cruise tourism (WAM 03/09/2024)
AD Ports Group launches new rail logistics offering (WAM 03/09/2024)
Malabar Gold & Diamonds unveils new phase of global expansion plan (Khaleej Times 03/09/2024)
Abu Dhabi to Fujairah trains support new logistics delivery service (Arabian Business 03/09/2024)
UAE shoppers more brand-loyal than Saudi consumers amid economic growth: NielsenIQ survey (Arabian Business 03/09/2024)
Dubai closed 3 schools last year for failing to meet standards; best schools revealed by KHDA (Arabian Business 03/09/2024)
DoH forms Emirati Advisory Doctors Committee (WAM 02/09/2024)
SCA warns companies against making unsolicited sales calls about investments without prior approval (WAM 02/09/2024)
UAE Cabinet reviews outcomes of efforts to develop economic, investment-related legislative framework (WAM 02/09/2024)
UAE more than doubles number of companies since start of Covid-19 pandemic as foreign investment and economy boom (Arabian Business 02/09/2024)
UAE FINANCIAL NEWS
Burjeel Holdings enters FTSE Global Equity Index Series (WAM 09/09/2024)
EDB launches AI Wave programme to boost operations (WAM 08/09/2024)
UAE digital bank LIV revamps credit card with 4% cashback and lifestyle offers (Arabian Business 08/09/2024)
ADX announces listing of 'NMDC Energy' shares next Wednesday (WAM 06/09/2024)
Local stocks gain AED61b in a week (WAM 06/09/2024)
ADNOC successfully prices triple tranche debut bond transaction under Global Medium Term Note Programme (WAM 05/09/2024)
NMDC Energy IPO closes 31.3 times oversubscribed, generates AED88b total gross demand (WAM 05/09/2024)
UAE sees increase in demand for credit as construction and real estate firms look to bank loans despite rising interest rates (Arabian Business 05/09/2024)
Positive economic outlook, improving asset quality support financial institutions’ willingness to lend: CBUAE (WAM 04/09/2024)
UAE unveils National Strategy for Anti-Money Laundering, Countering Financing of Terrorism and Proliferation Financing for 2024-27 (WAM 04/09/2024)
RAKBANK completes inaugural Tier 2 issuance of $250m (WAM 04/09/2024)
GCC banks well positioned to continue strong run: S&P (WAM 04/09/2024)
FTA urges Corporate Tax registration by September's end (WAM 03/09/2024)
RAKBANK launches 'Protego' digital insurance platform (WAM 03/09/2024)
Nasdaq Dubai lists $400m bonds from Agricultural Bank of China (WAM 03/09/2024)
ADX welcomes listing of $1b Masdar green bonds (WAM 03/09/2024)
UAE’s new anti-money laundering and terrorism law: What it means for business and the economy (Arabian Business 03/09/2024)
Sukoon introduces UAE’s first videoconferencing feature for life insurance applicants (Arabian Business 03/09/2024)
Adnoc Drilling to be added to MSCI’s flagship indexes (Khaleej Times 02/09/2024)
UAE M&A NEWS
Sukoon acquires Chubb's insurance portfolio in UAE (WAM 05/09/2024)
Adnoc to acquire 35% stake to Exxon’s Texas facility (Khaleej Times 04/09/2024)
Abu Dhabi’s TAQA completes acquisition of SWS Holding (Arabian Business 04/09/2024)
Tabby to acquire Saudi digital wallet Tweeq in move to expand services beyond BNPL (Arabian Business 03/09/2024)
UAE’s e&’s stake in Vodafone goes past 15% post buyback (Arabian Business 03/09/2024)
DP World completes its acquisition of Hong Kong-based Cargo Services (Arabian Business 02/09/2024)
UAE BILATERAL TRADE NEWS
Presight awarded landmark contract by Jordan to drive digital transformation in healthcare sector (WAM 09/09/2024)
Abu Dhabi Crown Prince and Indian Prime Minister discuss relations between the two countries and ways to enhance them (Abu Dhabi Media Office 09/09/2024)
UAE President receives Egypt’s Minister of Foreign Affairs (WAM 08/09/2024)
UAE, Egypt strengthen economic ties in key sectors (WAM 08/09/2024)
UAE and India look to boost economic and diplomatic ties as CEPA deal targets $100b trade (Arabian Business 08/09/2024)
Joint Statement issued following meeting between Abdullah bin Zayed, UK Foreign Secretary (WAM 07/09/2024)
UAE-India Strategic Partnership: Historic ties complementing growing economic cooperation (WAM 07/09/2024)
Egyptian FM emphasises privileged relations with UAE (WAM 07/09/2024)
UAE and Democratic Republic of Congo Presidents discuss strengthening bilateral ties (WAM 06/09/2024)
Bin Touq, Egypt's planning, economic development minister discuss boosting cooperation (WAM 06/09/2024)
CARACAL explores collaboration with Liwa Arms, Remington Firearms (WAM 05/09/2024)
ADFD joins first Arab Coordination Group meeting in Kazakhstan (WAM 05/09/2024)
Dubai Chambers, China's CCPIT Tianjin sign MoU (WAM 05/09/2024)
Etihad Rail to construct and operate 360km railway line in Jordan (Arabian Business 05/09/2024)
Ethiopian Ministry of Agriculture seeks expert assistance from ADAFSA's Collaborating Centre for Camel Disease (WAM 04/09/2024)
UAE President receives Kuwait’s First Deputy Prime Minister, Minister of Defence and Interior (WAM 04/09/2024)
Mansour bin Zayed, First Deputy Prime Minister of Kuwait discuss strengthening bilateral relations (WAM 04/09/2024)
UAE President receives written message from President of Maldives (WAM 04/09/2024)
Tuvalu seeking continued collaboration with UAE in energy sectors (WAM 04/09/2024)
UAE President receives President of African Development Bank Group (WAM 03/09/2024)
ADIHEX partners with The Game Fair in UK (WAM 03/09/2024)
Zayed International Airport, flynas partner to boost connectivity (WAM 03/09/2024)
Hamdan bin Mohammed meets with Kuwait’s First Deputy Prime Minister (WAM 03/09/2024)
Abdullah bin Zayed, Kuwaiti FM inaugurate new Kuwaiti embassy building in Abu Dhabi (WAM 02/09/2024)
UAE President, UK Prime Minister discuss bilateral relations (WAM 02/09/2024)
UAE Embassy in Beijing hosts first UAE-China Think Tank Forum with over 100 experts, thought leaders (WAM 02/09/2024)
Khaled bin Mohamed bin Zayed attends inauguration of Indian Institute of Technology Delhi Abu Dhabi (WAM 02/09/2024)
UAE President receives Foreign Minister of Kuwait (WAM 02/09/2024)
UAE participates as Guest of Honor at World Energy Battery Conference in Yibin, China (WAM 02/09/2024)
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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
