UAE Weekly Business News 15/01/24
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UAE Weekly Business News, Issue 171. 15th January 2024.
UAE free zones news
Ajman announces new UAE free zone (Arabian Business 14/01/2024)
UAE employment, visa and Emiratisation news
'Should I worry about a non-compete clause if I quit my job?' (The National 15/01/2024)
Visa-free countries for UAE residents 2024 (Arabian Business 15/01/2024)
UAE jobs: Occupation different in offer letter and Emirates ID? (Khaleej Times 14/01/2024)
Renewing visit visa? Airport-to-airport rates now up by nearly 20% (Khaleej Times 14/01/2024)
UAE and Saudi bosses optimistic for year ahead, but think worker skills are obsolete (Arabian Business 14/01/2024)
UAE Golden Visa: All the ways to obtain a 10-year residency permit as an investor (Arabian Business 09/01/2024)
UAE business and economy news
DEWA extended over 364km of fibre optic ducts in 2023 (Government of Dubai Media Office 15/01/2024)
GCC economy on growth trajectory this year but some risks remain (The National 15/01/2024)
Dubai set to emerge as global gaming hub in 2024 (Arabian Business 15/01/2024)
UAE Ramadan 2024: Expected dates for Holy month revealed (Arabian Business 15/01/2024)
DEWA commissions 1,414 distribution substations of 11 kV in 2023 (Government of Dubai Media Office 14/01/2024)
Bigger Opec+ quota set to boost UAE’s growth in 2024 (Khaleej Times 14/01/2024)
Selfdrive anticipates 20% surge in car subscription, 10% increase in rentals in 2024 (Khaleej Times 14/01/2024)
UAE records highest property price increase globally in 2023: IMF (Khaleej Times 14/01/2024)
Tally to enhance operations for SMEs at Dubai Shopping Festival (Khaleej Times 14/01/2024)
UAE firms developing AI strategies but investment needed (Arabian Business 14/01/2024)
Dubai Land Department changes 28 neighbourhood names (Arabian Business 14/01/2024)
Dubai welcomes TeachMeCode Institute: The biggest IT School (Khaleej Times 13/01/2024)
DEWA records 25% increase in digital transactions (Arabian Business 13/01/2024)
Abu Dhabi issues hazardous materials law (Arabian Business 13/01/2024)
Dubai real estate sector sees $2.75b of transactions this week (Arabian Business 13/01/2024)
Luxury real estate in Dubai ‘undervalued’ and prices set to increase in 2024 (Arabian Business 12/01/2024)
Etisalat and ADRES team up to boost Abu Dhabi real estate (Arabian Business 12/01/2024)
Abu Dhabi real estate: $517m of transactions in year so far as sector thrives (Arabian Business 12/01/2024)
UAE tourism 2024: Hotel revenue boost, Dubai Tripadvisor award, new airline destinations and more (Arabian Business 12/01/2024)
First vertical axis wind turbine installed in Dubai (The National 11/01/2024)
UAE hotel revenues surge 27% in first nine months of 2023 (The National 11/01/2024)
UAE businesses face bigger fines under consumer protection law (The National 11/01/2024)
Oman Insurance changes name to Sukoon; will it affect your policy? (Khaleej Times 11/01/2024)
UAE warns businesses of $272,000 fines for consumer protection law violations (Arabian Business 11/01/2024)
DUPHAT 2024: Dubai pharmacy exhibition sees $2.3b of deals (Arabian Business 11/01/2024)
Prime Dubai real estate hit record levels in 2023; prices increase up to 35.6% and tipped to grow this year (Arabian Business 11/01/2024)
Italian interiors artist Gio Bressana opens first showroom in Dubai (Arabian Business 11/01/2024)
Kelvin Haus launches its ‘sustainable future’ brand in UAE (Arabian Business 11/01/2024)
Dubai real estate: Apartment rents to rise further on revised RERA rates, says report (Arabian Business 11/01/2024)
UAE movers grapple with delays amid Red Sea turmoil and rising costs (The National 10/01/2024)
Top social media influencers gather in Dubai for 1 Billion Followers Summit (The National 10/01/2024)
Dubai businesses upbeat; faster hiring on cards in 2024 (Khaleej Times 10/01/2024)
What is Dubai’s ‘Billionaire’s Island’ (Khaleej Times 10/01/2024)
Sheikh Mohammed announces $41m Dubai content creation fund and influencer headquarters (Arabian Business 10/01/2024)
Middle East airline traffic up 18.6%, global passenger numbers at 99% of pre-Covid levels: IATA (Arabian Business 10/01/2024)
ITP Media Group announces launch of Top Gear Middle East magazine (Arabian Business 10/01/2024)
Dubai real estate developer Binghatti snaps up $99m Business Bay plot (Arabian Business 10/01/2024)
Aura Skypool boss reveals strategy behind one of Dubai’s most unique hospitality offerings (Arabian Business 10/01/2024)
Dubai long-term rentals up to 60% more profitable than short-term leases (Arabian Business 10/01/2024)
Dubai real estate: Property rents to rise in 2024, luring global investors (Arabian Business 10/01/2024)
13th World Trade Organization Ministerial Conference to take place in Abu Dhabi (Abu Dhabi Media Office 09/01/2024)
AD Ports Group enhances global trade during 2023 to support Abu Dhabi’s economic diversification (Abu Dhabi Media Office 09/01/2024)
Dubai robot maker aims to triple workforce with $37m New York IPO (The National 09/01/2024)
Sheikh Mohammed launches UAE Winter tourism campaign (Arabian Business 09/01/2024)
Sheikh Hamdan approves Hatta development plan with beach project, private school and new neighbourhoods (Arabian Business 09/01/2024)
Dubai Events: Over 70 exhibitions and conferences planned with Intersec, Arab Health and Gulfood all returning (Arabian Business 09/01/2024)
‘CHRGR’: EnerTech launches new mobility platform in UAE (Arabian Business 09/01/2024)
Bentley CEO: Middle East buyers ‘love’ customisation, buying more cars (Arabian Business 09/01/2024)
Jumeirah Saadiyat Island targets sustainability amid Abu Dhabi hospitality push (Arabian Business 09/01/2024)
Dubai ranked world’s best destination in 2024 Tripadvisor rankings (Arabian Business 09/01/2024)
ADNOC Drilling-Alpha Dhabi JV completes first investment worth $180m (Arabian Business 09/01/2024)
UAE real estate: Dubai, Abu Dhabi see record highs in 2023, Property Finder reveals (Arabian Business 09/01/2024)
e& enterprise partners with Fils to launch carbon offset solutions (Arabian Business 09/01/2024)
Aldar Properties expands logistics real estate in Dubai, Abu Dhabi with AED1b investment (Arabian Business 09/01/2024)
Dubai real estate market review: Occupancy increase, stock decrease, top performing areas (Arabian Business 09/01/2024)
Dubai SME joins forces with AI fintech CXDA to boost business (Arabian Business 09/01/2024)
The Art of Profit: Investing in your future with Intent Gallery Dubai (Khaleej Times 08/01/2024)
From burgers to bikes: Careem announces major 2023 highlights (Arabian Business 08/01/2024)
Abu Dhabi approves 28 private notary law firms (Arabian Business 08/01/2024)
Etihad announces new India, US, Kenya flights, 30m passenger target, 160 aircraft vision (Arabian Business 08/01/2024)
Dubai’s wealthy are taking a shine to lab-grown diamonds (Arabian Business 08/01/2024)
Dubai luxury branded residences segment predicted to see massive surge in 2024 (Arabian Business 08/01/2024)
UAE Financial News
UAE cancels First Insurance licence (Arabian Business 12/01/2024)
Dubai education provider Taaleem profit surges after enrolments jump 26.6% (Arabian Business 12/01/2024)
Cybersecurity council warns of fraud in cryptocurrencies (Khaleej Times 11/01/2024)
BRICS UAE, Saudi expansion marks biggest challenge to the US dollar in the 21st century (Arabian Business 11/01/2024)
UAE and Saudi Arabia lead $493bn Arab stock market gains in 2023 (Arabian Business 11/01/2024)
Dubai non-oil economic activity hit 16-month high in December (The National 10/01/2024)
Non-oil sectors to lead UAE, GCC growth in 2024 (Khaleej Times 10/01/2024)
MENA economic growth to surge 3.5% in 2024, World Bank says (Arabian Business 10/01/2024)
RERA and Zand Digital Bank join forces to manage Dubai’s real estate escrow accounts (Arabian Business 10/01/2024)
Saudi Arabia and UAE to lead GCC GDP growth in 2024: World Bank (Arabian Business 09/01/2024)
World Bank raises UAE’s 2024 and 2025 growth forecast (Khaleej Times 09/01/2024)
UAE Mergers & Acquisitions news
PureHealth completes $1.2b deal for UK hospital operator (Arabian Business 14/01/2024)
ADQ and ADNEC Group enter into definitive agreement to acquire 40.5% stake in Egypt’s Talaat Moustafa Group Holding hospitality subsidiary (Abu Dhabi Media Office 13/01/2024)
Alcazar Capital increases its stake in Dubai-based, edtech company Creative Technology Solutions (Khaleej Times 11/01/2024)
Alpha Dhabi transfers stake in US company to Adnoc Drilling JV (The National 09/01/2024)
UAE bilateral trade news
UAE signs deal to explore investment in Kazakhstan high-tech (The National 12/01/2024)
Where are energy ties between the UAE and India headed? (The National 12/01/2024)
Morocco joins UAE, Egypt, Jordan, Bahrain in Industrial Partnership for Sustainable Economic Growth (Arabian Business 12/01/2024)
UAE and Costa Rica conclude CEPA negotiations to boost $60.4m trade (Arabian Business 12/01/2024)
Abu Dhabi Stem Cells Centre partners with Rege Nephro and Kyoto University’s Center for iPS Cell Research and Application in Japan (Abu Dhabi Media Office 11/01/2024)
UAE announces 90-day visa-free travel deal withKosovo (Arabian Business 11/01/2024)
DP World invests $3b in logistics deals with Gujarat in India (Arabian Business 10/01/2024)
UAE and India CEPA: $100bn trade target, 83,000 companies, GDP boost, 1,800 monthly flights, BRICS, investment opportunities and more (Arabian Business 10/01/2024)
UAE and India develop economic and political ties, target $100bn trade by 2027 (Arabian Business 10/01/2024)
UAE’s Al Habtoor Group threatens to sue Lebanon’s govt over $44m investment dispute (Arabian Business 10/01/2024)
Dnata subsidiary Airport Handling to handle ground operations in Rome (Arabian Business 10/01/2024)
UAE President Sheikh Mohamed vists India for business summit (The National 09/01/2024)
UAE announces 30-day visa waiver deal with Mongolia (Arabian Business 09/01/2024)
President Sheikh Mohamed in Azerbaijan for official visit (The National 08/01/2024)
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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
