UAE Weekly Business News 12/06/23
Welcome to Gateway Group's weekly collection of business highlights from Abu Dhabi and Dubai. It's the ideal way of staying informed about crucial UAE business news, conveniently in one place.
Simply scan through the headlines and choose the ones relevant to you. To read the full article, click the headline. The source is in purple for reference.
Don't miss it
The UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically.
UAE Weekly Business News, Issue 140. 12th June 2023.
UAE free zones news
KEZAD Group collaborates with Tubacex Group to expand Abu Dhabi’s industrial manufacturing capabilities (Abu Dhabi Media Office 09/06/2023)
Maktoum bin Mohammed reviews results of Dubai International Arbitration Centre’s 2022 annual report (WAM 08/06/2023)
Dubai CommerCity and Link launch SparkBiz for businesses keen to enter region’s market (WAM 08/06/2023)
DMCC, Beijing Daxing International Airport Economic Zone sign agreement to boost Dubai-China trade relations (WAM 08/06/2023)
Dubai South, Beijing New Aerotropolis sign agreement (WAM 08/06/2023)
Hub71 partners with Sanofi to accelerate development of cutting-edge healthcare technologies in Abu Dhabi (Abu Dhabi Media Office 08/06/2023)
UAE: Is income of free zone businesses subject to zero per cent tax? (Khaleej Times 06/06/2023)
DIFC Innovation Hub, Dubai Islamic Bank partner to launch 7th edition of AccelerateHER (WAM 05/06/2023)
UAE employment, visa and Emiratisation news
UAE job loss insurance: Exemption granted to Emirates Group employees (Khaleej Times 10/06/2023)
MoHRE holds 100 recruitment open days with participation of over 340 companies in five months (WAM 09/06/2023)
Will UAE employers offer flexible work contracts to parents? (The National 09/06/2023)
CAFU is recruiting technology professionals (Arabian Business 09/06/2023)
Major recruitment drive sees 68,000 Emiratis in private sector (Arabian Business 09/06/2023)
Nafis announces new updates to its platform to enhance user journey, support Emiratisation targets (WAM 08/06/2023)
More than 8,500 Emiratis benefit from Nafis' career counselling programmes (WAM 08/06/2023)
Seven in 10 UAE employees are active job seekers, survey finds (The National 08/06/2023)
Over 90% of workers are open to new roles, says Michael Page study (Arabian Business 08/06/2023)
UAE companies face ‘invisible revolution’ among employees: Report (Arabian Business 08/06/2023)
UAE 5-year residence visa for retired expats: Everything you need to know (Arabian Business 06/06/2023)
UAE MoHRE sets 7 conditions for companies while hiring workers from abroad (Arabian Business 06/06/2023)
Emiratisation in UAE banking sector rose to more than 33% in 2022 (The National 05/06/2023)
UAE business and economy news
Dubai announces opening of massive new hiking trail (Arabian Business 12/06/2023)
RTA signs strategic partnership agreement with Al-Futtaim Automotive to deploy 360 electric and hybrid vehicles over three years (WAM 11/06/2023)
Dubai ranks first globally in attracting FDI projects in cultural and creative industries in 2022 (WAM 11/06/2023)
Two thirds of drivers in the UAE would consider electric car switch, survey finds (The National 11/06/2023)
Eid Al Adha 2023 holidays announced for public sector (The National 11/06/2023)
Drone to deliver medicines in Dubai; 2 years of trials will soon become a reality (Khaleej Times 11/06/2023)
Dubai: 10 most popular areas where millionaires are buying properties revealed (Khaleej Times 11/06/2023)
AI can boost GCC economies by AED550b (Khaleej Times 11/06/2023)
Middle East airlines among 'more advanced' on climate action (The National 10/06/2023)
Dubai records AED9b in weekly real estate transactions (WAM 09/06/2023)
KEZAD and Tubacex to build Middle East's first OCTG-CRA manufacturing facility (WAM 09/06/2023)
MBDA opens Missile Engineering Centre in Abu Dhabi (WAM 09/06/2023)
National factory for 3D printing and robotics in Abu Dhabi (WAM 09/06/2023)
ADAFSA to install Zadna Rating labels on 6,900 food establishments in Abu Dhabi (WAM 09/06/2023)
Silal partners with Desolinator on world’s first agricultural solar powered desalination project (Abu Dhabi Media Office 09/06/2023)
Dubai business boosted by job growth and strong output (The National 09/06/2023)
UAE named as WTO's Middle East vice president (The National 09/06/2023)
Dubai ranks 3rd in world's top cities, beating New York, London and Paris (Khaleej Times 09/06/2023)
World’s best low-cost airlines: flydubai, Wizz Air and AirAsia in top 25 (Arabian Business 09/06/2023)
Saudi Arabia has most billionaires in Middle East, Dubai top city with 38 (Arabian Business 09/06/2023)
Demand for off-plan properties soar fuelled by tourism (Arabian Business 09/06/2023)
Abu Dhabi issues warnings to 10,987 food establishments for violations (Arabian Business 09/06/2023)
Dubai real estate market bounces back to growth after April dip: Report (Arabian Business 09/06/2023)
ADNOC L&S awarded $975 million EPC Contract for Construction of Offshore Artificial Island (WAM 08/06/2023)
ADNEC Group to host 5th Abu Dhabi International Boat Show on 9th November (WAM 08/06/2023)
Dubai International Chamber launches International Partners Network (WAM 08/06/2023)
Supreme Audit Institution adopts Wajib reporting platform on federal level (WAM 08/06/2023)
Final Unit of Barakah Plant commences operational readiness preparations (WAM 08/06/2023)
Dubai International Chamber attracts five MNCs and 20 SMEs during Q1 2023 (WAM 08/06/2023)
New Dubai centre to train 1,000 employees in generative AI (The National 08/06/2023)
Sheikh Hamdan announces Dubai AI centre as part of $111b sector push (Arabian Business 08/06/2023)
Dubai attracts multinationals and SMEs amid $545b foreign trade target (Arabian Business 08/06/2023)
Snow Abu Dhabi: UAE’s newest snow park opens (Arabian Business 08/06/2023)
ENEC highlights important role of communication experts in doubling global nuclear energy fleet (WAM 07/06/2023)
UAE’s industrial investment model drives foreign direct investment (WAM 07/06/2023)
TDRA Launches AI initiatives to support digital government enablers (WAM 07/06/2023)
UAE Food Bank launches strategic plan for 2023-2027 (WAM 07/06/2023)
Mohammed bin Rashid chairs UAE Cabinet, approves UAE National Sports Strategy 2031 (WAM 07/06/2023)
Dubai selected to host UITP Global Public Transport Summit in 2026 (WAM 07/06/2023)
UAE’s Artificial intelligence office and Google launch AI Majlis Series (WAM 07/06/2023)
MoIAT and Sinaha Platform to promote UAE-made products (WAM 07/06/2023)
National Tracking Centre monitors movement of Trucks and Shipments around the clock (WAM 07/06/2023)
Abu Dhabi Agriculture and Food Safety Authority advancing food security and safety in the emirate (Abu Dhabi Media Office 07/06/2023)
Dubai set to have world’s largest airport by 2050 (Khaleej Times 07/06/2023)
India blocks Emirates-United codeshare agreement (Arabian Business 07/06/2023)
Middle East CEOs are youngest globally (Arabian Business 07/06/2023)
UAE’s MoIAT reveals $120b worth of investment opportunities in 11 key sectors ahead of COP28 (Arabian Business 07/06/2023)
UAE leisure, entertainment industry driven by tourists, says report (Arabian Business 07/06/2023)
UAE employs highest international standards for food safety: Mariam Almheiri (WAM 06/06/2023)
Maktoum bin Mohammed meets with CEO of company behind ChatGPT (WAM 06/06/2023)
Mohammed bin Rashid highlights importance of partnerships with private sector (WAM 06/06/2023)
3rd Retrofit Tech Abu Dhabi Summit discusses energy efficiency and retrofitting strategies (WAM 06/06/2023)
MOCCAE presents UAE's journey in enhancing air quality at Climate and Clean Air Conference 2023 (WAM 06/06/2023)
Emirates Post Group undergoes restructuring to drive growth (WAM 06/06/2023)
UAE Ministry of Energy and Infrastructure announces new standards for non-members of IG P&I Clubs (WAM 06/06/2023)
Dubai Chamber of Digital Economy attracts 30 tech startups to Dubai during Q1 2023 (WAM 06/06/2023)
EAD policy cuts single-use plastic bags by 95% in first year (WAM 06/06/2023)
UAE highlights efforts in space sector at 66th session of COPUOS Committee (WAM 06/06/2023)
UAE University ranks in 10 Sustainable Development Goals according to THE Impact Rankings (WAM 06/06/2023)
ADU ranks 14th globally, 2nd regionally for highest proportion of international students (WAM 06/06/2023)
Edge and ministry launch platform to promote digital transformation (The National 06/06/2023)
Dubai nears decision on expansion of second airport amid travel boom (The National 06/06/2023)
Sheikh Hamdan says Dubai stands on the cusp of a new phase of rapid growth (Khaleej Times 06/06/2023)
World Bank hikes UAE’s 2024 growth forecast by 1.1% to 3.4% (Khaleej Times 06/06/2023)
Dubai’s first gourmet water bar in Media City (Arabian Business 06/06/2023)
UAE shoppers want brands to get to know them: Report (Arabian Business 06/06/2023)
Dubai, Abu Dhabi cost-of-living surges in global rankings: Report (Arabian Business 06/06/2023)
Dubai welcomes 6m tourists in first four months of year (Arabian Business 06/06/2023)
UAE organizations increasingly adopting a Zero Trust approach to defend against sophisticated cyber attacks (Arabian Business 06/06/2023)
Hamdan bin Mohammed reviews DET’s strategy to achieve goals of Dubai Economic Agenda D33 (WAM 05/06/2023)
UAE Council for Circular Economy discusses ways to accelerate circular economy policy in four sectors (WAM 05/06/2023)
Drydocks World celebrates 40th anniversary (WAM 05/06/2023)
UAE Government, ARADO release report on Arab sustainability, government action (WAM 05/06/2023)
Dubai's DET reaffirms commitment to raising Dubai’s status as sustainable global tourism destination (WAM 05/06/2023)
Air Arabia plans to double its current fleet capacity within next 12 months (WAM 05/06/2023)
Sheikh Mohamed says climate change challenges 'as critical as ever' (The National 05/06/2023)
Dubai Chamber of Commerce registers over 15,300 members, exports hit $19.5b (Arabian Business 05/06/2023)
UAE Financial News
UAE bank investments at all-time-high of AED548.5b in March (WAM 09/06/2023)
UAE national banks provided AED735.2b in cumulative trade, industry credit until March (WAM 09/06/2023)
CBUAE's gold reserves up to AED17.413b by end of March (WAM 09/06/2023)
Cheques cleared in first four months valued at AED306.4b: CBUAE (WAM 09/06/2023)
UAE Fund Transfer System processed transactions worth AED3.89t in Q1 2023 (WAM 08/06/2023)
FTA reports growth in Muwafaq Package registrations (WAM 07/06/2023)
ADX signs agreement with Astana International Exchange to enhance cooperation (WAM 07/06/2023)
Emirates Islamic, Arab payment system Buna to facilitate payments and transfers within Arab region (WAM 07/06/2023)
CBUAE cancels registrations of Seagull Insurance Services Co. and Al Shorafa Insurance Services (WAM 07/06/2023)
Registrations fees waived for companies wishing to list green, sustainability-linked bonds, sukuk in local market in 2023 (WAM 06/06/2023)
Ministry of Finance announces Cabinet Decision on Determination of Non-Resident Person's Nexus in UAE (WAM 05/06/2023)
UAE Mergers & Acquisitions news
Brookfield to acquire UAE's Network International for $2.76b (The National 09/06/2023)
Dubai’s Floranow buys Saudi firm as $1.15b flower sector blooms (Arabian Business 05/06/2023)
UAE bilateral trade news
UAE-Türkiye partnership has scaled new heights (WAM 11/06/2023)
Reem Al Hashimy begins Latin America and Caribbean tour with a visit to the Republic of Colombia (WAM 11/06/2023)
Mohamed bin Zayed University for Humanities welcomes Austrian delegation (Abu Dhabi Media Office 11/06/2023)
UAE, Turkish presidents discuss bilateral relations, opportunities for further cooperation (WAM 10/06/2023)
UAE, Türkiye: Growing relations towards holistic partnership (WAM 10/06/2023)
AED378b in UAE-Turkish non-oil intra-trade in 10 years (WAM 10/06/2023)
UAE-Turkish non-oil intra-trade up 40% to $18.9b in 2022 (WAM 10/06/2023)
UAE, Türkiye forge strategic partnership in tourism, aviation (WAM 10/06/2023)
UAE and UK announce alumni programme in memory of Queen Elizabeth II (The National 10/06/2023)
UAE notes importance of aligning energy policies with global climate goals, during Astana International Forum (WAM 09/06/2023)
UAE President receives a phone call from Serbian President (WAM 09/06/2023)
Abdullah bin Zayed arrives in Tokyo as part of visiting Asian countries (WAM 09/06/2023)
Third UAE-Singapore Joint Committee Meeting convened (WAM 09/06/2023)
UAE to host K-Business Day in Middle East 2023 to facilitate partnerships between startups in UAE and Korea (WAM 08/06/2023)
DFM brings its second roadshow for international investors to London in June 2023 (WAM 08/06/2023)
UAE and Cambodia sign CEPA to double non-oil trade (WAM 08/06/2023)
ADX, Luxembourg Stock Exchange sign MoU (WAM 08/06/2023)
Yahsat embarks on an action-packed week of activities in Singapore (WAM 08/06/2023)
WAM, Czech News Agency sign MoU to enhance news exchange (WAM 08/06/2023)
UAE and Peru sign air services agreement (WAM 08/06/2023)
Dubai International Chamber inaugurates new Indonesia office (WAM 07/06/2023)
Dubai Customs, New Zealand discuss economic cooperation and trade enhancement (WAM 07/06/2023)
UAE’s advanced circular economy opens bilateral cooperation opportunities: Finnish diplomat (WAM 07/06/2023)
MBRSG organises internship programme for Kazakh Master students (WAM 07/06/2023)
UAE, Egypt advance development of Africa's Biggest Wind Farm (WAM 06/06/2023)
University of Pennsylvania delegation visits Noor Abu Dhabi (WAM 06/06/2023)
UAE, Vietnam eye stronger trade and investment ties (WAM 06/06/2023)
UK announces £10 multi-visit scheme for UAE, Gulf and Jordanian travellers (The National 06/06/2023)
Leading up to COP28 in the UAE (30th November - 12th December 2023)
WGES a substantial supporter of making the green economy and net zero a reality (WAM 11/06/2023)
COP28 Presidency advocates youth inclusion at SB58, announces cohort of 100 international youth climate delegates (WAM 09/06/2023)
Borouge strengthens commitment to sustainability through operation clean sweep (WAM 08/06/2023)
Multiply Group to help rid oceans of more than 100,000 pounds of plastic pollutants (WAM 08/06/2023)
UAE Independent Climate Change Accelerators launches UAE Carbon Alliance (WAM 07/06/2023)
COP28 President-Designate and European Commission President reaffirm commitment to deliver on COP ambitions (WAM 07/06/2023)
CBUAE and bank CEOs discuss financial sector support for UAE's hosting of COP28 (WAM 05/06/2023)
If you find this resource informative and helpful,
please show your appreciation by clicking the ❤️ at the bottom of this page.
Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
