UAE Weekly Business News 11/11/2024
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UAE Weekly Business News: Issue 213 published 11 November 2024.
UAE FREE ZONE NEWS
GigaFarm initiative lays foundations in Dubai Food Tech Valley (WAM 08/11/2024)
DMCC AI Centre, IBM Consulting to expand key AI services offering (WAM 07/11/2024)
RAKEZ showcasing F&B industry opportunities at Gulfood Manufacturing (WAM 06/11/2024)
DFSA fines company for unauthorised, misleading financial promotions (WAM 05/11/2024)
HFZA showcases investment opportunities in Italy's 'Critical Process Equipment Days' (WAM 05/11/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Dubai residence visa: What is the minimum salary, eligibility to sponsor family in the UAE? (Khaleej Times 11/11/2024)
MoHRE urges employers to register for voluntary 'Savings Scheme' as alternative end-of-service benefits system (WAM 07/11/2024)
Dubai jobs: Emirates continues hiring, adds 2,200 new employees (Khaleej Times 07/11/2024)
UAE businesses plan to hire AI specialists amid concerns over skill shortage (Arabian Business 06/11/2024)
UAE BUSINESS NEWS
Levidian and Kanoo Energy join forces on critical Middle East decarbonisation projects (Khaleej Times 11/11/2024)
Dubai's Damac Properties to launch luxury airline, offer free trips for those who register (Khaleej Times 11/11/2024)
Revealed: Abu Dhabi tipped to be the new epicentre for real estate investments (Arabian Business 11/11/2024)
Dubai’s Q2 2024 GDP rises 3.3% to reach AED116b (WAM 10/11/2024)
Dubai International Content Market 2024 to launch on November 12 (WAM 10/11/2024)
Dubai approves $1b road infrastructure plan for 2025-2029 (Arabian Business 10/11/2024)
UAE construction sentiment at 6-year high with no sign of sector slowing down (Arabian Business 09/11/2024)
Dubai real estate: Apartments dominate as Q3 transactions hit $31.8b (Arabian Business 09/11/2024)
Dubai Municipality announces completion of $66m green space projects (Arabian Business 09/11/2024)
Registration for Global Food Week opens in Abu Dhabi (WAM 08/11/2024)
flydubai, Batik Air Malaysia announce strategic interline agreement (WAM 08/11/2024)
Dubai to host first Audit, Anti-Fraud and IT Congress (WAM 08/11/2024)
ADSB joins forces with OSI Maritime Systems to equip RABDAN FA-400 with navigational systems (WAM 08/11/2024)
Department of Municipalities and Transport (DMT) launches guidelines to replace construction signboards with QR codes in Abu Dhabi (Abu Dhabi Media Office 08/11/2024)
8th MOTN Festival to take place across three locations in Abu Dhabi (Abu Dhabi Media Office 08/11/2024)
Butterfly Couture introduces Dubai’s first video tailoring service for luxury fashion (Khaleej Times 08/11/2024)
King’s College Hospital Dubai launches Dubai's first dedicated paediatric and adult liver transplant centre of excellence (Khaleej Times 08/11/2024)
APEX Invest Abu Dhabi to see participation of over 200 investors, allocators managing combined assets of $4t (Arabian Business 08/11/2024)
UAE energy firm Mercantile & Maritime to build Middle East’s largest $599mn biofuel facility in Fujairah (Arabian Business 08/11/2024)
Dubai real estate’s best-performing areas revealed as sector on track for $136.1bn of sales this year (Arabian Business 08/11/2024)
DIAFA 2024: Distinctive International Arab Festivals Awards coming to Dubai (Arabian Business 08/11/2024)
ADNOC awards AED720m contracts for manufacturing in UAE (WAM 07/11/2024)
ADNOC L&S signs contracts worth $4.4b to build 23 supertankers (WAM 07/11/2024)
ADIPEC 2024 breaks multiple records, unites industries to accelerate sustainable socioeconomic progress (WAM 07/11/2024)
Statistics Centre – Abu Dhabi launches Data for Good Framework to support public-private data collaboration (Abu Dhabi Media Office 07/11/2024) Baseball United announces completion of new Dubai Ballpark (Arabian Business 07/11/2024)
Dubai Future Forum 2024 to host 150 prominent speakers to address global trends (Arabian Business 07/11/2024)
ADIPEC 2024 concludes with $10bn of deals and record attendance (Arabian Business 07/11/2024)
Dubai named 5th best city in the world (Arabian Business 07/11/2024)
'TA’ZIZ' announces over $2b awards for key infrastructure projects (WAM 06/11/2024)
Tadweer Group, EMSTEEL Group to explore use of alternative fuels (WAM 06/11/2024)
Abu Dhabi Chamber signs collaboration agreement with Siemens (WAM 06/11/2024)
Arab Health to celebrate 50th edition in 2025 (WAM 06/11/2024)
Dubai attracts major global media production projects contract to expand world’s largest 3D seismic survey (WAM 06/11/2024)
Hamdan bin Mohammed meets with President of Microsoft (WAM 06/11/2024)
Emirates Hospitals Group announces successful completion of restructuring plan (Khaleej Times 06/11/2024)
Energy and finance leaders at Adipec urge joint efforts to mobilise capital for emerging economies (Khaleej Times 06/11/2024)
UAE airfares have increased 22% since COVID (Arabian Business 06/11/2024)
SHP Portfolio launches in UAE, offering tailored real estate strategies for f&b sector (Arabian Business 06/11/2024)
Dubai Real Estate Strategy targets $272b market and 33% home ownership; AI to support massive growth (Arabian Business 06/11/2024)
Dubai commercial real estate market thrives as 24,000 new businesses registered in H1, best-performing areas for office rents revealed (Arabian Business 06/11/2024)
ADIPEC announces 2025 dates for world’s largest energy event (WAM 05/11/2024)
UAE continues to pioneer global energy sector (WAM 05/11/2024)
Emirates returns to Edinburgh with daily service (WAM 05/11/2024)
ADNOC, Masdar collaborate with Microsoft to drive AI deployment, low-carbon solutions (WAM 05/11/2024)
Big 5 Global to launch November 26 in Dubai (WAM 05/11/2024)
Cyber Security Council, Immersive Labs strengthen national defence of 25 organisations (WAM 05/11/2024)
Abu Dhabi Chamber emphasises fostering innovation in private sector (WAM 05/11/2024)
At ADIPEC 2024, ADNOC awards EPC contract to Jereh Oil & Gas Engineering Cooperation to extend AI-powered well digitalisation programme across 2,000+ wells (Abu Dhabi Media Office 05/11/2024)
Abu Dhabi Department of Education and Knowledge launches new and updated policies to further advance education (Abu Dhabi Media Office 05/11/2024)
Dubai: How Metaverse can manage emergencies, crises in rail network (Khaleej Times 05/11/2024)
Dubai: How to use water taxi, ferry, abra; tickets, routes, fares explained (Khaleej Times 05/11/2024)
More rains in UAE: How AI boosts rainfall through advanced cloud-seeding technology (Khaleej Times 05/11/2024)
UAE’s non-oil sector activity grows at fastest pace since April (Khaleej Times 05/11/2024)
Dubai Health Authority’s NABIDH connects over 9.47 million patient records, more than 1,300 healthcare facilities (WAM 04/11/2024)
Mleiha Dairy Farm to expand to 20,000 cows in three years (WAM 04/11/2024)
Abu Dhabi unveils SteerAI, new tech venture set to transform industrial vehicles into autonomous powerhouses (WAM 04/11/2024)
Air Arabia resumes flights to Yanbu in Saudi Arabia (WAM 04/11/2024)
RTA launches taxi-sharing pilot service between Dubai, Abu Dhabi (WAM 04/11/2024)
ADNOC, AIQ developing first-of-a-kind agentic AI solution for global energy transformation (WAM 04/11/2024)
Record-breaking Gulfood Manufacturing and GulfHost set to unveil transformative innovations and forge global partnerships (Government of Dubai Media Office 04/11/2024)
Under supervision of Smart and Autonomous Systems Council Multi Level Group and AD Ports Group sign agreement to launch first trial vertiport in UAE (Abu Dhabi Media Office 04/11/2024)
Under the supervision of the Smart and Autonomous Systems Council, ADNOC, AD Ports Group, e& and Multi Level Group sign collaboration agreement for exploring implementation of eVTOL logistics operations (Abu Dhabi Media Office 04/11/2024)
Khaled bin Mohamed bin Zayed discusses areas of cooperation with Vice Chair of Microsoft (Abu Dhabi Media Office 04/11/2024)
UAE FINANCE AND ECONOMY NEWS
Fertiglobe reports Q3 2024 revenues of $496m (WAM 11/11/2024)
Talabat set to deliver 15% of its stake to the public on DFM (Arabian Business 11/11/2024)
How to get a UAE business loan; minimum turnover, interest, repayment explained (Khaleej Times 10/11/2024)
Middle East ROE is highest in the world (Khaleej Times 10/11/2024)
UAE stablecoin usage up 55% year on year (Khaleej Times 10/11/2024)
ADNH Catering reports revenue of AED1.2b for 9M 2024 (WAM 08/11/2024)
Spinneys announces record AED2.3b revenue for 9M 2024 (WAM 08/11/2024)
IHC revenue grow 49.4% $17.43 billion; PAT surges to $4.9bn (Arabian Business 08/11/2024)
Space42 EBITDA and net income grows despite revenue decline (Arabian Business 08/11/2024)
Emirates Group reports AED9.3b profit after tax in 6 months (WAM 07/11/2024)
MoF signs two MoUs with American University in Dubai, UK-based Association of Chartered Certified Accountants (WAM 07/11/2024)
DFM records AED38.6m in major trades on Al Ansari, Ajman Bank (WAM 07/11/2024)
UAE Central Bank announces M-Bills auction on November 11 (WAM 07/11/2024)
CBUAE lowers Base Rate by 25 basis points (WAM 07/11/2024)
Phoenix Group joins FTSE ADX 15 Islamic Index (Arabian Business 07/11/2024)
Agthia reports 24% surge in net profit in 9-months of 2024 (Arabian Business 07/11/2024)
Lulu's IPO raises AED6.32b, share price set at AED2.04 (WAM 06/11/2024)
Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration (WAM 06/11/2024)
Burjeel Holdings' revenue grew to AED1.3b in Q3 2024 (WAM 06/11/2024)
Dubai Taxi reports 20% growth in EBITDA (WAM 06/11/2024)
UAE’s FasterCapital launches global funding programme for EV startups (Arabian Business 05/11/2024)
GCC IPOs increase in value despite volume slump in Q3 as bonds raise and Sukuks raise $9.6b (Arabian Business 06/11/2024)
ADIB becomes 1st UAE bank to safely test fractional Sukuks offering to retail investors (WAM 05/11/2024)
Dubai Islamic Bank records nine month pre-tax profit of AED6b (Khaleej Times 05/11/2024)
Global study highlights the massive growth of gaming in the MENA region (Arabian Business 05/11/2024)
Lulu Retail Holdings Plc offering size increased to cater for significant international, regional demand (WAM 04/11/2024)
Dubai real estate: Property rentals set to surge 18% in 2025, driven by investor demand (Arabian Business 04/11/2024)
UAE M&A NEWS
ADNOC Gas to acquire 60% stake in Ruwais LNG from ADNOC (WAM 11/11/2024)
Enersol to acquire Deep Well Services, a technology-enabled energy services company (WAM 04/11/2024)
UAE BILATERAL TRADE NEWS
UAE expands aviation presence at Airshow China 2024 (WAM 10/11/2024)
UAE-Kuwait strategic partnership seeking development, prosperity (WAM 09/11/2024)
UAE President's visit to Kuwait opens new avenues for cooperation (WAM 09/11/2024)
Emirates to participate in Bahrain International Airshow 2024 (WAM 08/11/2024)
Sanad, Khalifa University, Lufthansa Technik pioneer robotic arm technology demonstration in Germany (WAM 08/11/2024)
AD Ports Group, Pakistan Government sign 4 MoUs to enhance trade, transport, logistics infrastructure (WAM 08/11/2024)
UAE President receives invitation from King of Saudi Arabia (WAM 08/11/2024)
Announcing UAE Pavilion at COP29: Accelerating Action Together (WAM 07/11/2024)
Abdullah bin Zayed meets Deputy Prime Ministe of Australia, Ministers of Foreign Affairs and Trade (WAM 06/11/2024)
Abullah bin Zayed, Australian Foreign Minister attend CEPA signing (WAM 06/11/2024)
Italian companies aim to expand their presence in UAE (WAM 06/11/2024)
Masdar, Sarawak Energy, Gentari to assess large-scale floating solar project in Malaysia (WAM 06/11/2024)
EDGE secures strategic contract to enhance Kuwait’s marine assets (WAM 06/11/2024)
EDGE Group expands partnership with Brazilian Navy to develop, deploy counter-drone systems (WAM 06/11/2024)
Dubai International Chamber opens representative office in Kazakhstan to strengthen trade and investments (Government of Dubai Media Office 06/11/2024) Mubadala Energy, Perusahaan Listrik Negara sign agreement to explore harnessing natural gas discoveries (WAM 05/11/2024)
EDGE Group, Fincantieri move to jointly develop underwater solutions (WAM 05/11/2024)
UAE Chambers, Chamber of Commerce and Industry of Slovenia sign MoU to establish UAE-Slovenia Business Council (WAM 04/11/2024)
Crown Prince of Abu Dhabi arrives in Addis Ababa to attend World Without Hunger Conference (WAM 04/11/2024)
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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
