UAE Weekly Business News 09/10/23
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UAE Weekly Business News, Issue 157. 09 October 2023.
UAE free zones news
Abu Dhabi Airports Free Zone collaborates with Masdar City Free Zone to provide new growth opportunities for business (WAM 04/10/2023)
DIFC to publish its Sustainable Finance Framework, continues to drive climate action, sustainable development (WAM 04/10/2023)
DIFC opens inaugural Future Sustainability Forum (WAM 04/10/2023)
Dubai Free Zones Council facilitates companies’ selection of preferred free zones (WAM 04/10/2023)
ADGM fines Pyppl $486,000 for anti-money laundering failures (The National 04/10/2023)
RAKEZ, Amazon UAE collaborate to empower SMEs grow online (WAM 03/10/2023)
DIFC announces consultation on new Digital Assets Law (WAM 02/10/2023)
HFZA takes part in ADIPEC 2023 (WAM 02/10/2023)
UAE employment, visa and Emiratisation news
‘Can I take paid sick leave during my notice period?’ (The National 08/10/2023)
3rd Ethraa Career Fair to begin 9 October, offering UAE nationals over 800 job opportunities (WAM 06/10/2023)
MoIAT, Nafis launch training programmes to empower national talent across key sectors (WAM 06/10/2023)
UAE reopens Embassy in Beirut, resumes issuing visas for Lebanese (Arabian Business 06/10/2023)
Abu Dhabi Pension Fund invites entities based in Abu Dhabi to register nationals working at their branches outside emirate (WAM 05/10/2023)
NHRI participates as an ‘Observer’ in Universal Periodic Review meeting to adopt its recommendations for UAE (WAM 05/10/2023)
Human Rights Council adopts UAE's report for the fourth session of Universal Periodic Review of Human Rights (WAM 04/10/2023)
Over 6.5m subscribe to Unemployment Insurance Scheme in 10 months (WAM 04/10/2023)
UAE business and trade news
Dubai attracts world’s biggest family business conference: Campden Global Owners and Family Office Congress (WAM 09/10/2023)
UAE committed to boosting collaboration between MENA countries to enhance climate ambitions (WAM 09/10/2023)
Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023 (WAM 08/10/2023)
Minister of Industry & Advanced Technology inaugurates ‘Standard Turf’ factory and visits ‘Rabdan' vehicle facility (WAM 08/10/2023)
Seventy countries to gather in Abu Dhabi for Regional Cybersecurity Week (WAM 08/10/2023)
Hotel establishments generated revenues of AED26b in the first seven months (WAM 08/10/2023)
Dubai Municipality launches world's first system for Certification, conformity marks field of 3D printing in construction industry (WAM 08/10/2023)
Oil and gas industry should not be stigmatised in climate change debate (The National 08/10/2023)
Dr Al Jaber says UAE's Rabdan EV brand to boost industrial sector (The National 08/10/2023)
World Bank revises UAE's 2023 and 2024 growth forecast upward (Khaleej Times 08/10/2023)
Abu Dhabi National Exhibition Centre wins Best Venue Award at C&IT Awards (WAM 07/10/2023)
MOCCAE and Tadweer sign MoU to launch global initiative to decarbonize waste management (WAM 07/10/2023)
Dubai Customs strengthens partnerships with courier companies to fuel e-commerce expansion (WAM 07/10/2023)
WETEX, DSS 2023 highlight latest technologies, solutions for smart and sustainable cities (WAM 07/10/2023)
Excellence in Oncology Care Conference discusses growing challenges of cancer treatment (WAM 07/10/2023)
Dubai's July apartment rents hit highest level since February 2017 (The National 07/10/2023)
‘People laughed when I suggested making Dubai a holiday destination – now UAE is 4th tourism spending destination in the world’: Sheikh Mohammed (Arabian Business 07/10/2023)
Dubai e-commerce sales to hit $7.6b by 2025 (Arabian Business 07/10/2023)
UAE Circular Economy Council reviews report on private sector's contributions (WAM 06/10/2023)(WAM 06/10/2023)
Dubai's Department of Economy and Tourism, Real Madrid announce landmark global partnership (WAM 06/10/2023)
Dubai Business Women Council launches human leadership series to upgrade members’ leadership skills (WAM 06/10/2023)
du joins AccessAbilities Expo as Telecom Partner to empower People of Determination (WAM 06/10/2023)
Public Prosecution launches 'Financial Crimes Foresight Forum' on October 11 (WAM 06/10/2023)
ADIPEC underlines the UAE's focus on renewable energy (WAM 06/10/2023)
Louvre Abu Dhabi welcomes 200,000+ visitors in summer 2023 (Abu Dhabi Media Office 06/10/2023)
Nutridor launches new dairy production facility in Dubai with AED75m investment (Arabian Business 06/10/2023)
McLaren opens world’s largest standalone showroom in Dubai (Arabian Business 06/10/2023)
Dubai to host first Michael Kors runway show outside New York (Arabian Business 06/10/2023)
Wizz Air Abu Dhabi launches flights to Erbil, Iraq (Arabian Business 06/10/2023)
Khaled bin Mohamed bin Zayed inaugurates UAE Wind Programme (WAM 05/10/2023)
Paperworld Middle East will return to the Dubai next November (WAM 05/10/2023)
Energy industry unites and demonstrates commitment to decarbonising at record breaking ADIPEC 2023 (WAM 05/10/2023)
WGES 2023 thematic pillars support UAE’s priority areas for COP28 (WAM 05/10/2023)
DXB welcomes TUS Airways’ inaugural flight from Larnaca (WAM 05/10/2023)
Malaffi achieves another milestone with linking 2 billion clinical records (WAM 05/10/2023)
EWEC, Masdar sign landmark purchase agreement for power generated from the UAE’s First utility-scale wind programme (WAM 05/10/2023)
ADNOC Logistics & Services invests $2b in environmentally friendly ships (WAM 05/10/2023)
CBUAE hosts roundtable with banks and insurance companies to advance sustainability in UAE financial sector (WAM 05/10/2023)
ADNOC partners with EDGE to use UAE-made drones to minimize emissions (WAM 05/10/2023)
UAE Council for Environmental and Municipal Work discusses national environmental goals (WAM 05/10/2023)
ADNOC signs agreements with 30 companies for local manufacturing opportunities worth up to AED10b (WAM 05/10/2023)
ADNOC takes FID on world’s first project that aims to operate with net zero emissions (WAM 05/10/2023)
Dubai Assembly for Generative AI to convene top global experts to explore powerful new frontiers of GenAI (WAM 05/10/2023)
Masdar, Boeing join forces to accelerate sustainable aviation fuel industry in UAE and globally (WAM 05/10/2023)
UAE launches first wind farms in net-zero push (The National 05/10/2023)
UAE plans second phase of wind project (The National 05/10/2023)
Yahsat aims to expand its offering to include telemedicine services (The National 05/10/2023)
UAE ministry reveals new incentives to promote growth of industrial SMEs (The National 05/10/2023)
The key takeaways from Adipec 2023 (The National 05/10/2023)
Adnoc deals worth $2.7b will boost local manufacturing (The National 05/10/2023)
Adnoc awards $17b contracts for Hail and Ghasha offshore project (The National 05/10/2023)
Dubai among world’s top 10 cities to live and prosper in 2024 (Khaleej Times 05/10/2023)
Astra Tech’s Botim hits over $353m transactions in 4 months (Arabian Business 05/10/2023)
Dubai Municipality upgrades its ‘Mobile Food Testing Lab’ to include chemical, gemological testing (WAM 04/10/2023)
ADIPEC 2023 showcases power of technology in delivering a just and effective energy transition at scale (WAM 04/10/2023)
Suhail Al Mazrouei highlights national oil companies' role in shaping low-carbon energy systems at ADIPEC (WAM 04/10/2023)
MoIAT collaborates with Etihad Credit Insurance to boost national exports at ADIPEC 2023 (WAM 04/10/2023)
Abu Dhabi Chamber signs four agreements during ADIPEC 2023 (WAM 04/10/2023)
Abu Dhabi Sustainable Business Leadership Forum 2023 paves way for nature-positive growth (WAM 04/10/2023)
ADNOC awards over $400mn critical equipment contract for low-carbon LNG project in Ruwais (WAM 04/10/2023)
Khalifa Fund, UICCA partner to enable SMEs to adopt sustainable practices (WAM 04/10/2023)
ADFD delegation explores opportunities for strategic collaboration with NAFFCO (WAM 04/10/2023)
MoIAT launches Green ICV to reward companies for adopting sustainable practices (WAM 04/10/2023)
Biofuel to power ADNOC Distribution’s UAE vehicle fleet (WAM 04/10/2023)
Borouge, Tadweer sign partnership to explore recycling opportunities in Abu Dhabi (WAM 04/10/2023)
ADNOC to deploy repurposed EV batteries to decarbonise operations, reduce costs (WAM 04/10/2023)
Abu Dhabi Global Healthcare Week partners with Digital Health New York to advance emirate’s digital health ecosystem (Abu Dhabi Media Office 04/10/2023)
UAE Barakah Exercise 2023 being held in Abu Dhabi to demonstrate efficiency of national nuclear emergency response ecosystem (Abu Dhabi Media Office 04/10/2023)
Sales of $10m-plus homes in Dubai surge to record high in Q3 (The National 04/10/2023)
AI-powered hair transplant robot set to boost health tourism in Dubai (The National 04/10/2023)
Adnoc Distribution keen on 'right investment (The National 04/10/2023)
Earn 3% bonus ICV points for adopting sustainable practices (Khaleej Times 04/10/2023)
Etihad Rail: First look inside passenger train revealed (Arabian Business 04/10/2023)
Global auction house Kruse GWS to launch auctions in Dubai (Arabian Business 04/10/2023)
UAE hospitals to use AI to diagnose health issues (Arabian Business 04/10/2023)
Mubadala Energy joins EAD’s commitment to nature-based solutions, planting 700,000 mangroves (WAM 03/10/2023)
ADIPEC 2023 a gateway for forging new partnerships, entering Middle East markets (WAM 03/10/2023)
Installed clean energy capacity share reached 15.6% of UAE's total energy mix in 2022 (WAM 03/10/2023)
Minister of Energy and Infrastructure highlights ways to maintain stable global energy market at ADIPEC 2023 (WAM 03/10/2023)
ADNOC, Fertiglobe to pilot first-of-its-kind cost-effective modular carbon capture technology (WAM 03/10/2023)
Bapco Energies Group looks forward to adopting low-carbon energy system (WAM 03/10/2023)
ADIPEC Awards 2023 honours pioneers accelerating energy transition (WAM 03/10/2023)
ADNOC first company in ME to receive ISCC Certification to produce sustainable aviation fuel (WAM 03/10/2023)
UAE an attractive destination for foreign investments in oil and gas (WAM 03/10/2023)
ADNOC Gas awards $615m contract for one of MENA’s largest integrated carbon capture projects (WAM 03/10/2023)
Emirates Steel Arkan showcases decarbonization leadership at ADIPEC 2023 (WAM 03/10/2023)
Increased focus on green technologies at ADIPEC 2023 (WAM 03/10/2023)
Maktoum bin Mohammed launches Dubai Family Business Management Programme (WAM 03/10/2023)
General Budget Committee reviews draft federal budget for 2024 (WAM 03/10/2023)
Dubai Design Week evolves and expands its programme for its ninth edition (WAM 03/10/2023)
EAD, Jubail Island Investment Company signs agreement to establish Jubail Mangrove Innovation Centre (WAM 03/10/2023)
AED123.3b market size of 100 investment opportunities under ‘Abu Dhabi Channel Partners’ to enhance industrial ecosystem (WAM 03/10/2023)
Taqa to inaugurate mega solar plant in Abu Dhabi soon (The National 03/10/2023)
Adnoc and Occidental sign deal to explore direct air capture plant outside US (The National 03/10/2023)
Adnoc Gas awards Petrofac $615m deal for one of region’s largest carbon capture projects (The National 03/10/2023)
Demand for natural gas will continue to rise amid green transition, executives say (The National 03/10/2023)
Dubai announces major driving permit change (Arabian Business 03/10/2023)
UAE clean energy spending to reach $200b by 2030 (Arabian Business 03/10/2023)
Pet retail surges in UAE, market to grow 700% to $2b by 2025 (Arabian Business 03/10/2023)
Johnson Controls, EmiratesGBC join forces to study indoor air quality in UAE schools (Arabian Business 03/10/2023)
Hamdan bin Mohammed lays out the blueprint for future space missions (WAM 02/10/2023)
Al Asayl Exhibition 2023 wraps up with a 66% surge in attendance, attracting 2,500 visitors (WAM 02/10/2023)
Ducab Group secured 30 major contracts in oil and gas sector in 2023 (WAM 02/10/2023)
Al Masaood Group showcases innovative solutions at ADIPEC to support UAE's clean energy transition (WAM 02/10/2023)
Gulfood Manufacturing 2023 to take global food production in a smarter, more sustainable direction (WAM 02/10/2023)
ADNOC Distribution explores new investment opportunities with expansion and growth plans (WAM 02/10/2023)
UAE plans to generate a total capacity of 19.8GW clean energy by 2030 (WAM 02/10/2023)
Dubai Chamber of Digital Economy launches 'Business in Dubai' platform (WAM 02/10/2023)
AIQ targets expansion in GCC and East Asia to accelerate digital transformation in the energy sector (WAM 02/10/2023)
Corporates in region increasingly keen to adopt sustainable solutions (WAM 02/10/2023)
ADIPEC 2023 drives focus on decarbonisation: CEO of Energy Industries Council (WAM 02/10/2023)
Presight awarded contract by NCEMA to develop AI-driven platform to support emergency services in UAE (WAM 02/10/2023)
Adipec 2023: Global oil majors push for 'multi-energy' transition (The National 02/10/2023)
Abu Dhabi to provide 100 investment opportunities to support industrial growth (The National 02/10/2023)
Etihad announces massive expansion with new destinations and increased flights (Arabian Business 02/10/2023)
UAE financial news
SHUAA Capital to raise capital through rights issue (WAM 09/10/2023)
UAE corporate tax: Latest guidance discusses double taxation and end-of-service payments (The National 09/10/2023)
UAE participates in World Bank and IMF meetings in Marrakech (WAM 08/10/2023)
(WAM 07/10/2023)
FAB issues largest-ever US$ tier 2 bond from a UAE Bank (WAM 06/10/2023)
MoF, IMF explore latest developments in international monetary and financial systems (WAM 06/10/2023)
UAE payment card based on India’s RuPay 'to be launched mid-2024' (The National 06/10/2023)
ADX announces listing of Masdar's Green Bonds on 10th October (WAM 05/10/2023)
UAE participates in 120th Meeting of GCC Financial and Economic Cooperation Committee (WAM 05/10/2023)
UAE and India to develop payments card initiative in the Emirates (The National 05/10/2023)
Cryptocurrency: UAE announces first-ever Dirham-backed stablecoin in challenge to US $125bn market (Arabian Business 05/10/2023)
ADC Acquisition Corporation successfully completes AED734 mn PIPE bookbuild, oversubscribed over 10 times (WAM 04/10/2023)
UAE non-oil economy strengthened in September on new order boost (The National 04/10/2023)
DIFC hailed for acting as growth catalyst for global sustainable finance market (The National 04/10/2023)
FIVE Holdings launches $350m Green Bond on Nasdaq Dubai (Arabian Business 04/10/2023)
CBUAE lifts monitoring imposed on bank operating in UAE (WAM 03/10/2023)
Sanad Group reports strong operational performance in first half of 2023 (WAM 02/10/2023)
At ADIPEC 2023, Emirates Development Bank presents financing solutions to drive green transition in industrial sector (WAM 02/10/2023)
National Bonds launches ‘My One Million’ saving plan (WAM 02/10/2023)
UAE mergers and acquisitions news
Noatum announces divestment of minority shares in Barcelona Container Depot Service Group (WAM 04/10/2023)
Abu Dhabi's IHC increases stake in India's Adani Enterprises to more than 5% (The National 04/10/2023)
AD Ports' Noatum announces acquisition agreement of Sesé’s Finished Vehicles Logistics (WAM 03/10/2023)
Dubai’s GulfNav reveals plan to acquire Brooge Petroleum (Arabian Business 03/10/2023)
(WAM 02/10/2023)
UAE bilateral trade news
Zayed Higher Organization for People of Determination partners with Burjeel Holding to provide medical support to Zambia (Abu Dhabi Media Office 09/10/2023)
UAE President and French President discuss bilateral ties (WAM 08/10/2023)
India sets up National Turmeric Board, will focus on UAE (WAM 08/10/2023)
UAE-Vietnam Joint Committee Meeting convened to advance economic cooperation (WAM 08/10/2023)
UAE, Kyrgyzstan strengthening energy cooperation (WAM 07/10/2023)
Khaled bin Mohamed bin Zayed meets with Dallas Mavericks owner and NBA Deputy Commissioner (WAM 07/10/2023)
UAE, Malaysia discuss advancing relations to a higher level of strategic partnership (WAM 06/10/2023)
UAE as hub will help ‘I2U2 food security corridor in India’ control global food prices (WAM 06/10/2023)
UAE, India sign MoU to drive investment, collaboration in industry, advanced technologies (WAM 06/10/2023)
Ministry of Economy, Abu Dhabi Chamber host India’s top CEOs to promote private-sector cooperation (WAM 06/10/2023)
Prime Minister of Malaysia visits Sheikh Zayed Grand Mosque (WAM 06/10/2023)
UK advertises for communications chief for GCC trade deal (The National 06/10/2023)
MoIAT convenes German industrial companies to explore investment opportunities at ADIPEC 2023 (WAM 05/10/2023)
11th meeting of India-UAE High Level Joint Task Force on Investments (WAM 05/10/2023)
Mansour bin Zayed receives Cuban Deputy Prime Minister (WAM 05/10/2023)
Egypt's energy sector open to Emirati investment, says Petroleum Minister (WAM 05/10/2023)
UAE presents its sustainable agricultural legacy at First International Horticultural Expo in MENA (WAM 05/10/2023)
UAE and India meet to discuss $100b trade target, SWF investments, start-ups, freezones and more
Dubai International Chamber strengthens European presence with inauguration of new representative office in the Netherlands (WAM 04/10/2023)
Mohamed Al Hussaini meets US Ambassador to UAE (WAM 04/10/2023)
UAE-Indonesia Joint Working Group holds first meeting (WAM 04/10/2023)
Dubai Industrial City to spotlight global food security at Anuga 2023 in Germany (WAM 04/10/2023)
SAPAG VALVES expands Middle East presence with new Dubai office (WAM 04/10/2023)
UAE Foreign Minister, President of Federal Senate and National Congress of Brazil discuss ties (WAM 04/10/2023)
French companies at ADIPEC join forces to accelerate additive manufacturing for spare parts in UAE (WAM 04/10/2023)(WAM 04/10/2023)
UAE company, Swiss Tech provider partner to transform energy and renewable chemistry at ADIPEC
Japan, UAE as chairs of G7, COP28 to strive for global energy transition, engagement with Global South (WAM 04/10/2023)
DP World JV begins construction of container terminal in East Java (The National 04/10/2023)
78 German companies showcasing solutions at ADIPEC 2023 (WAM 03/10/2023)
UAE Chambers reviews mechanisms of operation of UAE-Iran Business Council (WAM 03/10/2023)
Kazakhstan's BSG Technology aims to establish operations in UAE (WAM 03/10/2023)
Thani Al Zeyoudi meets Japanese counterpart to discuss strengthening bilateral economic cooperation (WAM 03/10/2023)
Khaled bin Mohamed bin Zayed meets with President of INPEX (WAM 03/10/2023)
Net Zero Nuclear announces Centrus Energy as new corporate partner (WAM 03/10/2023)
DPO looks forward to expanding project portfolio with UAE, while working towards climate commitments (WAM 03/10/2023)
France's sustainability innovations on display at ADIPEC 2023 (WAM 03/10/2023)
ADNOC, Occidental to advance direct air capture project in UAE (WAM 03/10/2023)
UAE Foreign Minister, Chilean counterpart discuss bilateral cooperation in Santiago (WAM 03/10/2023)
South Korean companies eyeing expansion in UAE's oil and gas sector (WAM 03/10/2023)
Masdar enters Tajikistan market with plans to explore 500mw clean energy projects (WAM 03/10/2023)
Malta announces new national airline, appoints UAE's Knighthood Global to advise on venture (Arabian Business 03/10/2023)
MBRSC takes centre stage at IAC 2023 IN Baku, showcasing UAE's presence in global space exploration (WAM 02/10/2023)
ADOC to pump more investments in UAE oil sector (WAM 02/10/2023)
Germany's Wintershall Dea looks forward to further investments in carbon capture and storage projects in the UAE (WAM 02/10/2023)
UAE President attends opening of International Horticultural Expo 2023 in Doha (WAM 02/10/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
GCC to make COP28 turning point (WAM 09/10/2023)
Adaptation front and center of Climate agenda, Says COP28 President at MENA Climate Week (WAM 08/10/2023)
UAE has pioneering initiatives, innovative strategies to achieve climate neutrality (WAM 06/10/2023)
Ministry of Climate Change and Environment partners with MBRCGI to launch Green Government & Climate Technology Report (WAM 05/10/2023)
UAE is capable to find energy transition solutions faster (WAM 05/10/2023)
Two months out from COP28 – the sense of urgency for ambitious climate action has never been more critical (WAM 05/10/2023)
Global Resilience Forum in Dubai to explore public sector role in reducing climate risks (WAM 04/10/2023)
UAE ahead of the curve with significant achievements in countering climate change (WAM 04/10/2023)
NEA, ENEC to explore innovative financing approaches at COP28 through Net Zero Nuclear (WAM 04/10/2023)
COP28 Presidency launches programme to help MENA SMEs implement net-zero strategies (WAM 03/10/2023)
ADIPEC and COP28 pave the way for more sustainable energy (WAM 02/10/2023)
Achieving 2050 climate neutrality goal contingent on expanding investments (WAM 02/10/2023)
Ministry of Climate Change and Environment, UAEU sign MoU to implement 'UAEU Roadmap to COP28 and beyond (WAM 02/10/2023)
COP28 President-Designate rallies Oil and Gas industry to decarbonise (WAM 02/10/2023)
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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
