UAE Weekly Business News 10/06/2024
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UAE Weekly Business News: Issue 192 published 10th June 2024.
UAE FREE ZONE NEWS
RAKEZ, Indian Chamber of Commerce ink MoU to boost economic ties (WAM 06/06/2024)
Dubai Science Park’s ongoing expansion project will increase its storage and logistics capacity by 147% (WAM 03/06/2024)
KEZAD Group, NMDC Energy sign lease agreement for AED367m manufacturing facility in Abu Dhabi (WAM 03/06/2024)
Dubai Production City reveals 13% growth in customer base in Q1-24 (WAM 03/06/2024)
DFSA enhances its Crypto Token framework, fostering innovation (WAM 03/06/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
UAE jobs: Emirati graduates show high confidence in career prospects, survey finds (Arabian Business 10/06/2024)
Binghatti, DLD to enhance role of UAE nationals in real estate market (Khaleej Times 09/06/2024)
Emirati Human Resources Development Council offers over 100 job opportunities for UAE citizens (WAM 08/06/2024)
UAE jobs: ‘Too nice’ to be promoted? Experts weigh in on viral TikTok ‘conspiracy theory’ (Arabian Business 05/06/2024)
UAE Golden Visa: Why more residents with 10-year permits want to live in communities (Khaleej Times 04/06/2024)
Simpler travel process for unified GCC visa to boost tourism, says expert (Khaleej Times 04/06/2024)
UAE Golden Visa holders: 7 exclusive benefits granted to long-term residents (Khaleej Times 04/06/2024)
UAE BUSINESS NEWS
ADNOC fully redeems Exchangeable Bonds in ‘ADNOC Distribution’ (WAM 10/06/2024)
UAE, Saudi Arabia global leaders in greener construction, recording major reductions in greenhouse gas emissions since 2010 (Arabian Business 10/06/2024)
Khaled bin Mohamed bin Zayed approves launch of AgriFood Growth and Water Abundance Cluster (WAM 09/06/2024)
DoH enters strategic partnership with Children’s Hospital of Philadelphia to advance research in paediatric oncology, gene therapy (WAM 09/06/2024)
Ministry of Economy, TDRA announce new resolutions on controls, procedures regulating telemarketing effective mid-August 2024 (WAM 09/06/2024)
Dubai Health partners with The Royal Marsden to advance clinical development at Hamdan Bin Rashid Cancer Hospital (WAM 09/06/2024)
Hamdan bin Mohammed appoints 22 Chief AI Officers across government entities in Dubai (WAM 09/06/2024)
RTA opens major bridge as part of Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project (Government of Dubai Media Office 09/06/2024)
UAE, Saudi to lead GCC economic rebound (Khaleej Times 09/06/2024)
Emirati-led enterprise seeks to enhance its footprint in UAE real estate (Khaleej Times 09/06/2024)
Sedar Global target $41 billion UAE construction market (Khaleej Times 09/06/2024)
Remote work in Dubai: Tenants, home owners look for office spaces in properties (Khaleej Times 09/06/2024)
Abu Dhabi Arabic Language Centre to provide publications on Anghami and Iqraaly platforms (Abu Dhabi Dubai Media Office 09/06/2024)
Department of Culture and Tourism – Abu Dhabi and Zayed National Museum open applications for AED1m research fund until 20 July 2024 (Abu Dhabi Dubai Media Office 09/06/2024)
Chip in for the Future: UAE powers up as tech leader (WAM 08/06/2024)
MOHAP announces defined cases of permissible abortion, their controls and procedures (WAM 08/06/2024)
Abu Dhabi Mobility enhances privacy and comfort in private and public buses licensed in the emirate (Abu Dhabi Dubai Media Office 08/06/2024)
Dettol, Almarai rank highest in UAE’s YouGov 2024 FMCG rankings (Arabian Business 08/06/2024)
UAE announces first day of Eid Al Adha 2024 (Arabian Business 08/06/2024)
DoH, ADIO, Etihad Airways, AD Ports Group partner to transform Abu Dhabi into global pharmaceutical distribution hub (WAM 07/06/2024)
Abu Dhabi Real Estate sees record AED1.81b FDI in Q1 2024 (WAM 07/06/2024)
Department of Health – Abu Dhabi, Novartis partner to advance genomics research in Oncology and beyond (WAM 07/06/2024)
International expert hails Dubai's transportation networks (WAM 07/06/2024)
Air Arabia resumes its flights to Basra in Iraq (WAM 07/06/2024)
Emirates and Condor sign code share agreement (Government of Dubai Media Office 07/06/2024)
Tahnoon bin Zayed meets CEO of Microsoft (Abu Dhabi Dubai Media Office 07/06/2024)
Foreign direct investment in Abu Dhabi real estate hits record $493m in Q1 (The National 07/06/2024)
How the UAE is preparing for the future of mobility (The National 07/06/2024)
Emirates tests autonomous robots that clean cabin seats (The National 07/06/2024)
Abu Dhabi restaurant shut down over insects found in kitchen, poor hygiene (Khaleej Times 07/06/2024)
Dubai’s Parkin announces portfolio expansion adding 7,500 parking spaces across six communities (Arabian Business 07/06/2024)
Emirates announces flights from Dubai to Madagascar (Arabian Business 07/06/2024)
Dubai real estate: 5 reasons why branded residences make good investments (Arabian Business 07/06/2024)
UAE ranks 1st globally in Air Transport Infrastructure Quality and Air Transport Quality (WAM 06/06/2024)
NMDC Group, EAD launch pioneering beach-cleaning technology (WAM 06/06/2024)
Dubai’s top business, government executives commit to driving city’s AI roadmap at AI Retreat (WAM 06/06/2024)
DoH, AstraZeneca expand partnership during BIO 2024 to establish new rare diseases CoE (WAM 06/06/2024)
DHA launches project on 'Standards for Regulating Organ Donation, Transplant Services in Dubai' (WAM 06/06/2024)
FTA constantly works to streamline procedures, support UAE’s Zero Government Bureaucracy goal (WAM 06/06/2024)
ADNEC Group, Department of Energy partner to organise IDRA World Congress in Abu Dhabi 8-12 December (WAM 06/06/2024)
ADAFSA issues decision on regulating food, fodder sampling for control, inspection in Abu Dhabi (WAM 06/06/2024)
Tabreed prevents 1.5 million tonnes of CO2 emissions in 2023 (WAM 06/06/2024)
e& named 'Top Telecoms Employer Brand' in Brand Finance rankings (WAM 06/06/2024)
Emirates expects new Colombia route to be 85% full this year (The National 06/06/2024)
UAE remains committed to Opec+ despite reports, minister says (Khaleej Times 06/06/2024)
GCC to lead the Mena region in mergers and acquisitions transactions (Khaleej Times 06/06/2024)
Dubai Metro: How can companies name metro stations, cost – everything you need to know (Arabian Business 06/06/2024)
UAE real estate market to reach highs of AED2.6t by 2024 (Arabian Business 06/06/2024)
Middle East companies make sustainability strategies top priority, says new PwC report (Arabian Business 06/06/2024)
UAE announces 9 key biodiversity areas (Arabian Business 06/06/2024)
Etihad Airways, China Eastern Airlines sign joint venture (WAM 05/06/2024)
DoH, Takeda Pharmaceuticals ink strategic partnership to advance rare diseases, oncology research (WAM 05/06/2024)
Khaled bin Mohamed bin Zayed meets CEO of Blackstone (WAM 05/06/2024)
PCFC launches air quality monitoring station in Jebel Ali, reinforcing Dubai Quality of Life Strategy 2033 (WAM 05/06/2024)
ADJD, MOD to strengthen cooperation in judicial, legal fields (WAM 05/06/2024)
Indian businesses top list of new companies joining Dubai Chamber of Commerce during Q1 2024 (WAM 05/06/2024)
UAE non-oil firms face rising backlogs (Khaleej Times 05/06/2024)
Dubai’s branded residences top choice for global high-net-worth individuals (Arabian Business 05/06/2024)
UAE AI hub: Multinational tech, marketing firms relocating to Gulf as region emerges as global AI leader (Arabian Business 05/06/2024)
Dubai’s Emirates Building Systems secures contracts worth over AED225m (Arabian Business 05/06/2024)
MENA region shows highest renewable energy growth factor, at 4.5 times its current base: IEA (WAM 04/06/2024)
UAE attaches great importance to combating desertification and drought: Minister of Climate Change and Environment (WAM 04/06/2024)
Nahyan bin Mubarak stresses role of medical tolerance to enhance efficiency and effectiveness of healthcare systems (WAM 04/06/2024)
Department of Health – Abu Dhabi partners with Pfizer to advance research in Sickle Cell Disease and beyond (WAM 04/06/2024)
Emirates, Airbus and IATA collaborate on CBTA training (WAM 04/06/2024)
Financial Audit Authority launches 'Corporate Governance Manual for Government Entities in Dubai' (WAM 04/06/2024)
Dubai first globally in FDI inflows into cultural, creative industries, Financial Times’ 2023 FDI Index shows (WAM 04/06/2024)
Etihad and Royal Air Maroc team up to boost UAE to Morocco travel (Arabian Business 04/06/2024)
UAE, Saudi investors keen on branded residences (Arabian Business 04/06/2024)
Cyberattacks target booming fintech sector, doubling in Q1 2024 (Arabian Business 04/06/2024)
ICAEW urges Middle East companies to prioritise data governance and AI in business strategies (Arabian Business 04/06/2024)
BluSmart announces 100% electric limo service in the UAE (Arabian Business 04/06/2024)
UAE climbs to 6th in world for international tourist spending with $51.9b receipts (Arabian Business 04/06/2024)
Emaar announces AED1.5b expansion of Dubai Mall (WAM 03/06/2024)
IATA projects 4% annual growth in passenger traffic in UAE, Gulf up to 2030 (WAM 03/06/2024) AC Milan inaugurates new academy in Dubai (WAM 03/06/2024)
UAE committed to development, sustainability of aviation industry, says Minister of Economy at IATA's AGA (WAM 03/06/2024)
Department of Municipalities and Transport opens World Smart Sustainable Cities Organisation MENA regional office (Abu Dhabi Dubai Media Office 03/06/2024)
Kerala healthcare startup working in autism, learning disorders achieves Dubai government’s NABIDH integration (Arabian Business 03/06/2024)
Dubai announces $96.6m plan to build first Al Mamzar floating pedestrian bridge, new 24/7 Jumeirah night beach (Arabian Business 03/06/2024)
Middle East airline profits up 22.5% to $3.8b this year, global carriers transport 5b passengers: IATA (Arabian Business 03/06/2024)
UAE FINANCIAL NEWS
Rising Competition and Global Interest: The Shifting Dynamics of the Middle East Banking Sector (Khaleej Times 10/06/2024)
‘Alef Education’ completes IPO bookbuild, raising AED1.89b (WAM 06/06/2024)
du Pay, Visa announce new partnership to increase UAE digital payment options (Arabian Business 06/06/2024)
CBUAE successfully launches Project mBridge Minimum Viable Product platform for early adopters (WAM 05/06/2024)
FTA urges licence holders issued in March and April to register for Corporate Tax before 30th June, 2024 (WAM 05/06/2024)
Explained: What is the UAE's new Jaywan card? (The National 05/06/2024)
UAE financial literacy on the rise as consumers opt for responsible credit use, installments says new Visa survey (Arabian Business 05/06/2024)
Middle East assets under management hit $2.3t in 2023, AI set to revolutionize investment (Arabian Business 05/06/2024)
UAE equities lose ground in May, reflecting regional trends (Khaleej Times 04/06/2024)
Al Ansari Exchange reports 24% increase in issuance of TravelCards (Arabian Business 04/06/2024)
MENA M&A activity and IPOs expected to boom in 2024 as interest rates fall (Arabian Business 04/06/2024)
ADSS joins ADX as 33rd market member (WAM 03/06/2024)
UAE’s enhanced ratings in Global Anti-Money Laundering Risk Index enhance confidence in economic, financial sectors (WAM 03/06/2024)
S&P Global raises EDB credit rating to ‘AA’ (WAM 03/06/2024)
Equities, debt market to boost GCC outlook (Khaleej Times 03/06/2024)
UAE MERGERS AND ACQUISITIONS NEWS
Neo Capital DIFC announces acquisition of Netherlands warehouse for €45.5m (Arabian Business 04/06/2024)
ADNOC Logistics & Services to acquire Navig8 (WAM 03/06/2024)
Etihad Airways getting ready for a possible IPO (Arabian Business 03/06/2024)
UAE BILATERAL TRADE NEWS
Dubai investments in Morocco top $2b, with 37% growth in non-oil bilateral trade over 5 years (Arabian Business 10/06/2024)
Dubai businesses flock to Morocco to capitalize on $30b investment opportunity (Arabian Business 10/06/2024)
Abdulah bin Zayed, Syrian FM discuss bilateral ties over phone (WAM 08/06/2024)
UAE participates in High-Level Stakeholders Dialogue in Costa Rica in preparation of UN Oceans Conference 2025 (WAM 08/06/2024)
Suhail Al Mazrouei affirms UAE’s readiness to cooperate with BRICS countries in driving sustainable transport (WAM 07/06/2024)
AML/CTF Executive Office's delegation meets Italian partners to discuss existing strategic partnership and enhance bilateral cooperation (WAM 07/06/2024)
UAE, New Zealand agree to strengthen bilateral cooperation (WAM 06/06/2024)
UAE President holds telephone call with Emir of Kuwait (WAM 05/06/2024)
Mumtalakat, M42 announce Amana Healthcare Bahrain expansion (WAM 05/06/2024)
Presidents of UAE, Azerbaijan discuss bilateral cooperation (WAM 05/06/2024)
Environment Agency – Abu Dhabi delegation visits China to observe latest technologies to enhance air quality (Abu Dhabi Dubai Media Office 05/06/2024)
UAE and Malaysia look to boost $4.7b trade ties as CEPA negotiations continue (Arabian Business 05/06/2024)
Eagle Hills, Abu Dhabi announces land deal for the $1.5b Baghdad Golf Course and Spa real estate project in Iraq (Arabian Business 05/06/2024)
Abdullah bin Zayed, FM of Azerbaijan discuss enhancing bilateral relations over phone (WAM 04/06/2024)
UAE President receives Afghan Interior Minister (WAM 04/06/2024)
Dubai International Chamber organises over 150 bilateral business meetings in Senegal (WAM 04/06/2024)
President of Philippines receives Abdullah bin Zayed in Manila (WAM 04/06/2024)
Abdullah bin Zayed meets Philippines FM, discusses bilateral relations between two countries (WAM 04/06/2024)
COP28 Presidency calls for global effort to leverage rise of AI, energy transition, growth of Global South to accelerate sustainable development (WAM 04/06/2024)
UAE, Malaysia hold first Joint Committee meeting in Abu Dhabi (WAM 04/06/2024)
Abdullah bin Zayed meets Prime Minister of Singapore (WAM 03/06/2024)
Burjeel Holdings, Colombia’s Keralty announce joint venture for healthcare solutions in MENA (WAM 03/06/2024)
Dubai Chamber of Commerce launches Polish Business Council to promote economic partnerships (WAM 03/06/2024)
Technical group launched to support implementation of COP28 UAE Declaration on Sustainable Agriculture, Resilient Food Systems, Climate Action (WAM 03/06/2024)
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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
