UAE Weekly Business News 16/10/23
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UAE Weekly Business News, Issue 158. 16 October 2023.
UAE free zones news
ADIO collaborates with WeRide to set up regional headquarters in SAVI (WAM 15/10/2023)
Abu Dhabi’s SAVI cluster anchors its first maritime technology company (WAM 15/10/2023)
Abu Dhabi unites regulators to steer future of smart and autonomous vehicle operations (WAM 15/10/2023)
Abu Dhabi attracts global companies to smart transport cluster (The National 15/10/2023)
Abu Dhabi extends state-of-the-art testing and manufacturing infrastructure to global SAVI (WAM 14/10/2023)
Smart and Autonomous Vehicles Industries cluster launches at Masdar City (WAM 14/10/2023)
ADGM publishes ‘Quick Guides’ for Designated Non-Financial Businesses and Professions (WAM 12/10/2023)
DIFC Courts, Dubai Chambers forge alliance to boost business confidence (WAM 12/10/2023)
DFSA fines former Equitativa and Emirates Reit CFO $33,220 (The National 12/10/2023)
ADGM-licensed M2 crypto platform rolls out services for investors (The National 11/10/2023)
UAE employment, visa and Emiratisation news
MoHRE fines, refers 45 establishments to Public Prosecution for failing to obtain necessary licenses (WAM 15/10/2023)
MoFA launches automated protocol and visits services (WAM 13/10/2023)
Al Ansari Financial Services leads the way in Emiratisation employing 360 Emiratis in 9 months (Khaleej Times 12/10/2023)
Emirati Human Resources Development Council in Dubai and Dubai Health Authority sign MoU (WAM 11/10/2023)
Abu Dhabi group wins funding to deliver jobs boost for people with disabilities (The National 11/10/2023)
MoHRE, ICP launch campaign on importance of rectifying violations of entry, residency, labour laws (WAM 10/10/2023)
GCC new jobs growth set to surge as employers prepare for 2024 (The National 10/10/2023)
Which UAE finance jobs are in demand and how much do they pay? (The National 09/10/2023)
UAE business and trade news
etisalat by e& achieves world fastest 5G downlink speed of more than 13Gbps (WAM 16/10/2023)
Al Seer Marine receives VLGC increasing fleet size to 20 (WAM 16/10/2023)
etisalat by e& makes 5G Stand Alone network available for all mobile users (WAM 15/10/2023)
Empower awards a set of contracts to build advanced district cooling plant and expand the network in Jumeirah (Government of Dubai Media Office 16/10/2023)
Abu Dhabi launches the Government Financial Capability Program (Abu Dhabi Media Office 16/10/2023)
Dubai residential property investment deals surge 17% in first 9 months of 2023 (Arabian Business 16/10/2023)
Abu Dhabi paves way for collaboration on smart, autonomous vehicles R&D (WAM 15/10/2023)
etisalat by e& makes 5G Stand Alone network available for all mobile users (WAM 15/10/2023)
TRENDS signs cooperation agreement with HUFS Institute of Middle East Studies (WAM 15/10/2023)
Expand North Star 2023 kicks off in Dubai gathering game-changing start-ups to accelerate on global stage (WAM 15/10/2023)
MBRF announces 8th edition of Knowledge Summit to be held on 21 November 2023 (WAM 15/10/2023)
Over 500 centi-millionaires own second home in Dubai (Khaleej Times 15/10/2023)
Royal Furniture seeks to cash in on booming real estate market (Khaleej Times 15/10/2023)
AED29b debt reduction plan underlines Dubai’s strong fiscal position, policy reforms (Khaleej Times 15/10/2023)
Remarkable Emirati Women summit to take place 18 October in Abu Dhabi (WAM 14/10/2023)
Abu Dhabi hospital opens radiation therapy centre (The National 14/10/2023)
Abu Dhabi opens 11 new schools to boost education drive (The National 14/10/2023)
Dubai sees over AED12.9bn in weeklong real estate transactions (WAM 13/10/2023)
Etihad welcomes latest addition to fleet as new Boeing 787-10 Dreamliner touches down (WAM 13/10/2023)
Oumolat partners with SICPA to print enhanced tax stamps through advanced technologies (WAM 13/10/2023)
Emirates Foundation partners with PureHealth to establish PureHeroes platform (WAM 13/10/2023)
Abu Dhabi converted 3.45m tonnes of waste into environmentally friendly products in 2022 (WAM 13/10/2023)
100 UAE, international universities to take part in upcoming International Education Show (WAM 13/10/2023)
EAD, Dendra Systems advancing mangrove restoration via technological applications (WAM 13/10/2023)
Department of Health – Abu Dhabi appoints Cleveland Clinic Abu Dhabi as centre of excellence for cardiac surgery (Abu Dhabi Media Office 13/10/2023)
How a Dubai court aims to combat crypto fraud and keep AI in check (The National 13/10/2023)
Abu Dhabi's new transport initiative to create 50,000 jobs and boost GDP (The National 13/10/2023)
UAE efforts on generative AI stand out globally, PwC says (The National 13/10/2023)
Dubai’s ArcosJet announces new helicopter services exclusively for UAE ultra-rich (Arabian Business 13/10/2023)
Dubai to host inaugural World With Purpose summit in November (Arabian Business 13/10/2023)
Vast majority of MENA marketing leaders optimistic about long-term growth, says report (Arabian Business 13/10/2023)
Dubai announces self-driving taxi tests (Arabian Business 13/10/2023)
UAE and Saudi Arabia lead 40% Middle East travel sector surge, online bookings expected to expand massively (Arabian Business 13/10/2023)
Regulations are not there to constrict technological development but to fuel it, hears Dubai Assembly for Generative AI (WAM 12/10/2023)
Accessibility sets generative AI apart, Dubai assembly hears (WAM 12/10/2023)
Yahsat to showcase innovative satellite enabled solutions during GITEX 2023 (WAM 12/10/2023)
Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organisation (WAM 12/10/2023)
VARA defines issuance rules to be global standard on asset reference tokens (WAM 12/10/2023)
DHA’s pioneering services raise Dubai’s profile as a global healthcare destination (WAM 12/10/2023)
Dubai Chamber of Digital Economy launches global entrepreneur’s guide (WAM 12/10/2023)
Abu Dhabi University inaugurates first on-campus AirFarm (Abu Dhabi Media Office 12/10/2023)
Abu Dhabi Stem Cells Centre clinical trial enhancing medical care for people with multiple sclerosis (Abu Dhabi Media Office 12/10/2023)
M42 launches Med42 generative AI model to transform Abu Dhabi’s healthcare sector (Abu Dhabi Media Office 12/10/2023)
Abu Dhabi’s NMDC has ‘eyes on all active markets’ amid expansion plans (The National 12/10/2023)
How do new generation techno-legal firms provide compliance and regulatory assistance to corporates in UAE (Khaleej Times 12/10/2023)
Revamping the healthcare sector with data science expert Rohan Singh Rajput (Khaleej Times 12/10/2023)
How to save 20% by choosing the best catering companies in Dubai (Khaleej Times 12/10/2023)
Dubai to reveal star-rating of every fitness centre (Arabian Business 12/10/2023)
Dubai’s Al Ghurair Centre announces massive expansion (Arabian Business 12/10/2023)
META Film Fest 2023 official line-up, screening schedule (Arabian Business 12/10/2023)
UAE to take delivery of 8.5 ton electric truck (Arabian Business 12/10/2023)
UAE is home to second largest number of wealthy Indians globally, after US (Arabian Business 12/10/2023)
Dubai’s Emirates expands fleet with acquisition of 2 Airbus A380s (Arabian Business 12/10/2023)
Fluent to develop stablecoin technologies in the UAE under Ministry of Economy’s NextGen FDI (WAM 11/10/2023)
UAE Space Agency calls on space startups to participate in space startup pitch competition - sustainability for and from space (WAM 11/10/2023)
Dubai Future Foundation announces a strategic AI Alliance to shape the future of AI adoption (WAM 11/10/2023)
Dubai launches ‘Dubai AI’, its own AI-powered digital city concierge (WAM 11/10/2023)
Dubai Municipality announces comprehensive development plan for labourer’s community markets in the Emirate (WAM 11/10/2023)
UAE a global investment hub: UNCTAD Secretary-General (WAM 11/10/2023)
Emirates College for Advanced Education reveals findings of Education First Insights Report (Abu Dhabi Media Office 11/10/2023)
World Organisation for Smart and Sustainable Cities to open regional office in Abu Dhabi (Abu Dhabi Media Office 11/10/2023)
UAE not leaving 'any stones unturned' in hydrogen development, energy official says (The National 11/10/2023)
F&B insights from Tetra Pak: Consumers want to stay In control
Dubai’s secondary market sales up 31% in September (Khaleej Times 11/10/2023)
Saudi, UAE record over $67b worth of construction project awards in 2023: JLL (Arabian Business 11/10/2023)
Retail therapy: Almost 50% of GCC TikTokers shop for emotional pick-me-up, report finds (Arabian Business 11/10/2023)
Inside Dubai’s ‘unique world of scents’ with master perfumer and entrepreneur Yusuf Bhai (Arabian Business 11/10/2023)
Dubai real estate slowdown: Transactions fall in September as off-plan sales dip 41.5% (Arabian Business 11/10/2023)
UAE close to signing new six CEPAs by year end (WAM 10/10/2023)
Family businesses a crucial driver of green investments and climate philanthropy (WAM 10/10/2023)
WIF highlights role of Abu Dhabi's ‘Falcon Economy’ in reshaping business landscape (WAM 10/10/2023)
UAE Council for Climate Action unveils UAE’s vision for carbon trading, pursues netzero ambitions (WAM 10/10/2023)
Borouge signs agreement with NPCC to supply critical materials for energy projects in UAE (WAM 10/10/2023)
Mohammed bin Rashid: Dubai remains steadfast in its commitment to nurturing conducive investment environment (WAM 10/10/2023)
Dubai Municipality adds 'Wosool’ seal on building completion certificates to certify buildings friendly for people of determination (WAM 10/10/2023)
UAE to host five major cultural events in October and November (WAM 10/10/2023)
Department of Community Development launches fundraising policy in Abu Dhabi (WAM 10/10/2023)
New economic corridor places UAE and Saudi Arabia at the centre of the new world order (The National 10/10/2023)
Ultra-rich Russian, Chinese investors flock to Dubai luxury real estate (Arabian Business 10/10/2023)
Dubai’s commercial real estate crisis: Rental prices surge up to 300% in prime areas (Arabian Business 10/10/2023)
UAE businesses face data security risks despite adequate staff, new data reveals (Arabian Business 10/10/2023)
Careem reports surge in airport rides, school transportation (Arabian Business 10/10/2023)
Emirates Stallions Group launches ESG Hospitality (WAM 09/10/2023)
etisalat by e& globally achieves critical 5G mmWave milestone (WAM 09/10/2023)
Big 5 Global returns for its 44th edition in Dubai in December (WAM 09/10/2023)
Big demand surge fuels Dubai's off-plan market (Khaleej Times 09/10/2023)
Abu Dhabi ‘still has areas for growth’ amid efforts to become a global event destination, says Ethara CEO (Arabian Business 09/10/2023)
Lulu opens massive hypermarket in Dubai Mall (Arabian Business 09/10/2023)
UAE financial news
Dubai’s economy grows 3.2% in H1 2023 (WAM 15/10/2023)
Phoenix Group gears up for landmark IPO on ADX (WAM 14/10/2023)
UAE economy robust, with constant contributions from non-oil sector: OPEC (WAM 13/10/2023)
IMF praises UAE economic and financial developments (WAM 13/10/2023)
DP World raises $1.5b in green sukuk issuance to fund global decarbonisation drive (The National 12/10/2023)
ADX records 364% increase in ETF trading since beginning of 2023 (WAM 11/10/2023)
Mubadala Capital closes its second successful Fund in Brazil with over $710m of Commitments (WAM 10/10/2023)
Abu Dhabi Investment Authority's resilience shines in 2022, promising future growth (WAM 10/10/2023)
IMF forecasts UAE GDP growth of 3.4% in 2023, 4% in 2024 (WAM 10/10/2023)
EDB supports food security with over AED721m under its five-year strategy (WAM 10/10/2023)
ADX welcomes secondary Green Bond listing by Masdar (WAM 10/10/2023)
Dubai non-oil economy up in September as sales growth touches highest in four years (The National 10/10/2023)
Adia expects continued investment opportunities despite global challenges (The National 10/10/2023)
Oxford Economics predicts 4.4% GDP Growth for UAE in 2024 (WAM 09/10/2023)
Al Etihad Payments partners with NPCI International Payments Limited to develop UAE Domestic Card (WAM 09/10/2023)
Mansoor bin Mohammed launches platform to enable public to report economic crimes (WAM 09/10/2023)
Federal General Budget 2024 approved, estimated total expenditures of AED64b (WAM 09/10/2023)
Mohammed bin Rashid chairs UAE Cabinet meeting, approves Federal General Budget 2024-2026 of AED192b (WAM 09/10/2023)
UAE chairs 2023 International Conference on Climate Change and Nuclear Energy (WAM 09/10/2023)
UAE mergers and acquisitions news
ADC Acquisition Corporation announces shareholders’ approval for UPP business combination and PIPE transaction (WAM 12/10/2023)
Aster DM India stock zooms 9.5% on reports of potential sale of business (Arabian Business 12/10/2023)
Silal acquires majority stake in SAFCO Group (WAM 11/10/2023)
UAE bilateral trade news
Mohamed Al Hussaini explores economic ties with Pakistani counterpart (WAM 15/10/2023)
UAE allocates US$200m to boost growth in low-income countries and reduce poverty (WAM 14/10/2023)
UAE, Republic of Korea conclude CEPA negotiations (WAM 14/10/2023)
UAE, Korea signed MoU to enhance bilateral air transport relations (WAM 14/10/2023)
UAE President receives President of Timor-Leste (WAM 13/10/2023)
Presight, Samruk-Kazyna announce joint venture to accelerate digital transformation in Kazakhstan (WAM 13/10/2023)
UAE Minister of Education, Chinese Vice Minister of Education discuss cooperation in education (WAM 13/10/2023)
National Guard Command, Qatari delegation discuss cooperation (WAM 13/10/2023)
Indian state of Bihar makes strong pitch for agri-exports to UAE at Dubai investor meet (The National 13/10/2023)
EDGE signs strategic cooperation agreement with SAHA Istanbul (WAM 12/10/2023)
UAE President receives US Secretary of Commerce (WAM 12/10/2023)
Integrated Transport Centre launches pilot phase of automated rapid transit project in Abu Dhabi Island (WAM 12/10/2023)
Thani Al Zeyoudi meets US Secretary of Commerce to advance bilateral trade and investment ties (WAM 11/10/2023)
Greece wants to be UAE’s voice in EU (WAM 11/10/2023)
SCAD delegation visits Statistics Canada to promote cooperation, takes part in ISI World Statistics (WAM 11/10/2023)
UAE participates in 25th Ministerial Meeting of Gas Exporting Countries Forum in Equatorial Guinea (WAM 11/10/2023)
Romanian Business Council officially launches in UAE (WAM 11/10/2023)
UAE President holds phone call with President of Brazil (WAM 11/10/2023)
UAE President receives phone call from Prime Minister of the Netherlands (WAM 11/10/2023)
Emirati ministers highlight the importance of UAE -Georgia Comprehensive Economic Partnership Agreement (WAM 10/10/2023)
Mohammed bin Rashid, Georgian Prime Minister witness signing of UAE-Georgia CEPA (WAM 10/10/2023)
UAE expects $4b GDP boost from Georgia trade pact by 2031 (The National 10/10/2023)
Masdar signs MoU with Malaysia to develop up to 10GW of renewable energy projects (WAM 09/10/2023)
UAE and Vietnam look to boost $8b trade ties (Arabian Business 00/10/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
MENA Climate Week hosts session on Islamic finance for climate action (WAM 13/10/2023)
Ajay Banga lays out vision for World Bank and climate finance (The National 13/10/2023)
'Day for Health' at COP28 wins global praise (WAM 12/10/2023)
COP28 President-Designate meets with Pope Francis to discuss faith leaders' crucial role in advancing climate agenda (WAM 11/10/2023)
ENEC showcases nuclear energy’s critical role in achieving Net Zero at International Conference on Climate Change (WAM 11/10/2023)
COP28 President-Designate meets with Italian Prime Minister Giorgia Meloni to discuss ambitious, pragmatic climate action ahead of COP28 (WAM 10/10/2023)
UAE Council for Climate Action unveils UAE’s vision for carbon trading, pursues netzero ambitions (WAM 10/10/2023)
Mexican Ambassador commends UAE's role in tackling climate challenges (WAM 10/10/2023)
‘More promises than actions’: UAE private sector needs to do more to align with COP28 goals (Arabian Business 10/10/2023)
COP28 Presidency unveils steps supporting women’s leadership in climate diplomacy (WAM 09/10/2023)
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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
