UAE Weekly Business News 16/09/2024
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UAE Weekly Business News: Issue 206 published 16 September 2024.
UAE FREE ZONE NEWS
ADGM grants PGIM Financial Services Permission (WAM 12/09/2024)
UAE offers attractive investment environment: KEZAD official (WAM 12/09/2024)
RAKEZ expands business opportunities in China (WAM 12/09/2024)
UAQ free trade zone charts strong growth plan (Khaleej Times 12/09/2024)
Abu Dhabi's Hub71 attracts $130m in startup investment (WAM 11/09/2024)
Masdar City achieves 30.6% reduction in energy use intensity in 2023 (WAM 11/09/2024)
Dubai CommerCity collaborates with eBay (WAM 11/09/2024)
DIFC announces Funds Centre to attract wealth and asset managers (Arabian Business 11/09/2024)
DMCC launches AI Centre to drive global AI solutions (WAM 10/09/2024)
DIEZ registers strong growth in first half of 2024, highlighting its key contribution to Dubai’s non-oil economy (WAM 10/09/2024)
Elysium to open its first international branch at ADGM (WAM 09/09/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
ICO launches AED3m initiative to help UAE residency violators (Arabian Business 15/09/2024)
Ministry of Human Resources and Emiratisation: Midday Break concludes, records 99.9% compliance rate (WAM 14/09/2024)
ACTVET's Paramedic Virtual Simulation Lab acknowledged by UNESCO-UNEVOC (Abu Dhabi Media Office 13/09/2024)
Visa violations after September 1 not covered in amnesty scheme (Khaleej Times 13/09/2024)
Over 450 Filipinos seek assistance on amnesty (Khaleej Times 12/09/2024)
Abu Dhabi Accountability Authority updates Statutory Auditor Appointment Rules to elevate audit quality and develop Emirati cadres (Abu Dhabi Media Office 11/09/2024)
NOC Lies Entirely at the Discretion of Employer (Khaleej Times 11/09/2024)
Contracts must comply with law (Khaleej Times 11/09/2024)
Typing centres hire extra staff to deal with surge in visa amnesty applications (Khaleej Times 11/09/2024)
Dubai Customs launches specialised vocational programme to attract young Emiratis to logistics sector (WAM 10/09/2024)
Signed papers considered as a declaration by courts (Khaleej Times 10/09/2024)
Singapore sets up two new visa agencies in UAE (Khaleej Times 10/09/2024)
Dubai: Want to become a nurse? Qualifications, process for expats explained (Khaleej Times 10/09/2024)
Visa ban lifted for maids, domestic help (Khaleej Times 09/09/2024)
Nearly 20,000 illegal expats seek amnesty in first week (Khaleej Times 09/09/2024)
88% of visa violators who applied for amnesty opt to stay in country (Khaleej Times 09/09/2024)
UAE BUSINESS NEWS
TAQA announces new unified customer facing distribution company, launches new brand identity (WAM 16/09/2024)
UAE’s clean energy investments exceed AED45b (WAM 15/09/2024)
ADAFSA provides comprehensive services to 6.5 million palm trees (WAM 15/09/2024) WETEX 2024 to spotlight latest cybersecurity technologies, trends (WAM 15/09/2024)
Hamdan bin Mohammed approves launch of ‘Dubai Research, Development and Innovation Grant Initiative’ (WAM 15/09/2024)
RTA opens two major bridges as part of Garn Al Sabkha Street Intersection Development Project (Government of Dubai Media Office15/09/2024)
Up to AED100,000 per night? UAE short-term rental demand surges; here's why (Khaleej Times 15/09/2024)
Dubai: Drone that can carry 50kg promises faster deliveries, to ease traffic woes (Khaleej Times 15/09/2024)
GCAA, Volar Air Mobility partner to establish UAE’s first green aviation technology hub (WAM 14/09/2024)
Dubai Taxi awarded 300 new plates, expanding fleet to 6,000 (WAM 13/09/2024)
30th ITS World Congress & Exhibition to showcase latest innovations in smart mobility, transport technology (WAM 13/09/2024)
ADEK expands early learning access with 1,000 pre-kindergarten seats at 12 private schools (Abu Dhabi Media Office 13/09/2024)
DMT issues resolution on maintaining Abu Dhabi’s general appearance (Abu Dhabi Media Office 13/09/2024)
Etihad Airways announces twice as many trips to Europe from 2025 (Khaleej Times 13/09/2024)
Dubai real estate market soars with 17.8% increase in transactions in H1 2024 (Arabian Business 13/09/2024)
Dubai Culture explores digital publishing trends, positive impacts (WAM 12/09/2024)
Abu Dhabi to host workshop on 'GCC Strategy for Combating Drugs' (WAM 12/09/2024)
Dubai Design Week to celebrate 10th edition in November (WAM 12/09/2024)
Abu Dhabi Quality and Conformity Council activates artificial turf, rubber flooring testing (WAM 12/09/2024)
Mohammed bin Rashid issues law establishing 'Mada Media Company' to manage, operate advertising sites in Dubai (WAM 12/09/2024)
Integrated Transport Centre launches Green Bus Services (WAM 12/09/2024)
Dubai AI security policy launched (WAM 12/09/2024)
Etihad Airways expands services to Paris with double daily flights (WAM 12/09/2024)
Ministry of Energy and Infrastructure launches Data Bridge (WAM 12/09/2024)
12th Arabia Corporate Social Responsibility and Sustainability Forum begins 9 October in Dubai (WAM 12/09/2024)
Majra reviews future strategies to boost private sector contributions to social development (WAM 12/09/2024)
Abu Dhabi Businesswomen Council, ETHER unveil 6 homegrown brands by Emirati female entrepreneurs (WAM 12/09/2024)
Dubai to host longest-running agriculture expo (Arabian Business 12/09/2024)
Elite Holding Group launches as a multi-sector entity in UAE (Arabian Business 12/09/2024)
Global Village Dubai launches season 29 VIP packs (Arabian Business 12/09/2024)
Dubai launches Joint Patrol Units for Heavy Vehicles to monitor compliance on major roads (Arabian Business 12/09/2024)
UAE leading centre for supporting AI trends (WAM 11/09/2024)
AI to contribute AED367b to UAE’s GDP by 2030 (WAM 11/09/2024)
GCAA, ICAO sign MoU on UAE hosting of GISS 2025 (WAM 11/09/2024)
Emirates set to receive its first Airbus A350 aircraft in October (WAM 11/09/2024)
ADIO inaugurates 3 state-of-the-art schools under Zayed City School public-private partnership project (Abu Dhabi Media Office 11/09/2024)
Dubai property prices on the rise as residents 'buy to stay' in UAE (Khaleej Times 11/09/2024)
GCC F&B sector tipped to hit $128b by 2029 as local brands take on international brands: report (Arabian Business 11/09/2024)
Yas Island opens new lounge at Zayed International Airport (Arabian Business 11/09/2024)
Gosu Academy announces UAE expansion to boost nation’s esports growth (Arabian Business 11/09/2024)
Dubai’s DXB airport tops Middle East list of most connected airports in the world: Report (Arabian Business 11/09/2024)
UAE and Saudi embrace digital payments as online shopping and buy-now-pay-later thrive (Arabian Business 11/09/2024)
UAE real estate: Taraf and Marriott announce plans for first W Hotels branded residences in Abu Dhabi (Arabian Business 11/09/2024)
Abu Dhabi to host 6th edition of Arab Water Forum (WAM 10/09/2024)
Abu Dhabi's AI sector booms with 41.3% annual surge in new companies (WAM 10/09/2024)
EAD achieves highest levels in Abu Dhabi Statistical Maturity Index (WAM 10/09/2024)
UAE emerges as key player in global development, strengthens role in China's Belt and Road Initiative (WAM 10/09/2024)
Dubai Department of Economy and Tourism, noon partner to empower entrepreneurs, SMEs (WAM 10/09/2024)
OPEC highlights robust performance of UAE's non-oil sector (WAM 10/09/2024)
Activate gaming experience announces Dubai City Centre Mirdif launch (Arabian Business 10/09/2024)
Air taxi in the UAE: Joby Aviation takes steps towards 10-minute Dubai International Airport to Palm Jumeirah flights (Arabian Business 10/09/2024)
UAE shoppers splurge $3.8bn on FMCG, tech products in Q2 2024: Survey (Arabian Business 10/09/2024)
Dubai real estate: Property sales hit $10.4b in August, says new report (Arabian Business 10/09/2024)
Games of the Future 2025: Event to tip global gaming hubs status in UAE’s favour from Korea, Los Angeles, say industry leaders (Arabian Business 10/09/2024)
Dubai real estate analysts reveal forecasts after property sales jump 31% (Arabian Business 10/09/2024)
UAE Media Council approves 670 licences for radio, TV, newspapers and magazines; 339 films; 73 video games and 230 content creators (Arabian Business 10/09/2024)
EDB launches AGRIX Accelerator to boost UAE food security (WAM 09/09/2024)
ADNOC continues delivering on ambitious chemicals growth strategy (WAM 09/09/2024)
Hamdan bin Mohammed issues resolution regulating healthcare activities, professions in Dubai (WAM 09/09/2024) M42 inks partnership with MoD to operate, manage Al Batayeh’s Zayed Military Hospital (WAM 09/09/2024)
flydubai, SriLankan Airlines announce interline agreement (WAM 09/09/2024)
Make it in the Emirates Initiative supports business growth with reduced energy tariffs (WAM 09/09/2024)
K9 JETS launches new Dubai-Europe pet charter routes (Arabian Business 09/09/2024)
Etihad announces new Be Relax spa at Abu Dhabi’s Zayed International Airport (Arabian Business 09/09/2024)
UAE FINANCIAL NEWS
Insiders' trading ban starts September 16 on ADX (WAM 16/09/2024)
UAE Central Bank announces M-Bills auction today (WAM 16/09/2024)
ADX logs large direct deal on IHC worth AED4.38b (WAM 13/09/2024)
UAE banks' capital, reserves hit AED495.2b (WAM 12/09/2024)
Sobha Realty’s sukuk issuance hits $500m (Khaleej Times 12/09/2024)
UAE fintech Paymob raises $22m in Series B extension round (Arabian Business 12/09/2024)
Gross banks’ assets exceed AED4.3t by end of June: CBUAE (WAM 11/09/2024)
NMDC Energy begins trading on ADX, IPO oversubscribed by 31.3 times (WAM 11/09/2024)
Standard Chartered launches digital asset custody service in the UAE (Khaleej Times 10/09/2024)
RAKBank makes first cross-border payment using mBridge (Khaleej Times 10/09/2024)
Dubai-based business incubator iACCEL GBI, TrustIn partner to transform escrow transaction landscape in Middle East (Arabian Business 10/09/2024)
Lyvely secures investment from global crypto exchange M2 (Arabian Business 10/09/2024)
Etihad Credit Bureau simplifies company credit report purchase through Al Ansari Exchange (WAM 09/09/2024)
UAE announces 3.4% GDP growth in Q1 2024 (Arabian Business 09/09/2024)
UAE M&A NEWS
Blackstone considers selling majority stake in visa firm VFS Global (Khaleej Times 13/09/2024)
UAE bank close to acquiring $5b stake in Indian bank (Khaleej Times 12/09/2024)
UAE BILATERAL TRADE NEWS
Media delegation takes part in BRICS Media Summit in Moscow (WAM 15/09/2024)
UAE, China: Golden era of Comprehensive Strategic Partnership (WAM 13/09/2024)
FANR participates in 68th IAEA General Conference in Vienna (WAM 13/09/2024)
Dubai Police receive Philippines Interior Secretary (WAM 13/09/2024)
Abdullah bin Zayed, German Foreign Minister discuss strengthening cooperation ties, strategic partnership (WAM 13/09/2024)
UAE President and Chinese Premier discuss strengthening Comprehensive Strategic Partnership (WAM 12/09/2024)
UAE President receives written message from President of Brazil (WAM 12/09/2024)
Mohammed bin Rashid, China’s Premier of the State Council discuss ways to deepen bilateral partnership (WAM 12/09/2024)
UAE-China Business Forum explores strategies to enhance bilateral trade, investments (WAM 12/09/2024)
dnata secures Royal Jordanian contract at New York JFK (Government of Dubai Media Office 12/09/2024)
UK’s health tourism platform Healthtrip announces expansion to Middle East (Arabian Business 12/09/2024)
UAE, India explore civil nuclear energy cooperation (WAM 11/09/2024)
Belgian pavilion at WETEX 2024 focuses on decarbonisation, clean energy, water sustainability solutions (WAM 11/09/2024)
AD Ports Group awards ZPMC AED420-million cranes contracts for terminal projects in Africa (WAM 11/09/2024)
Mubadala Energy expands Andaman Sea position (WAM 11/09/2024)
National Media Office participates in SMX Advanced Europe 2024 conference in Berlin (WAM 11/09/2024)
UAE-India ties rooted in affinity, trust, respect (WAM 11/09/2024)
UAE President visits King of Bahrain at his residence in Abu Dhabi (WAM 11/09/2024)
Supreme Council for Financial and Economic Affairs Awards Production Concession to India's UBPL (Abu Dhabi Media Office 11/09/2024)
Presight set to transform healthcare in Jordan with new contract (Arabian Business 12/09/2024)
UAE President receives Philippines Interior Secretary (WAM 10/09/2024)
UAE-India non-oil trade surged 10% in H1-2024 (WAM 10/09/2024)
UAE-India Business Forum kicks off in Mumbai (WAM 10/09/2024)
UAE, Russian diplomatic academies sign MoU to advance training, educational collaboration (WAM 09/09/2024)
UAE and Guinea-Bissau Presidents discuss bilateral cooperation (WAM 09/09/2024)
UAE President welcomes King of Bahrain on arrival in Abu Dhabi (WAM 09/09/2024)
dnata wins easyJet contract in Zurich (Government of Dubai Media Office 12/09/2024)
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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
