UAE Weekly Business News 17/06/2024
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UAE Weekly Business News: Issue 193 published 17th June 2024.
UAE FREE ZONE NEWS
Dubai free zone targets New Delhi and Mumbai as UAE and India target $100b trade relations (Arabian Business 15/06/2024)
RAKEZ to participate in 21BY72 Startup Summit 2024 in India (WAM 13/06/2024)
DMCC attracts over 160 new Indian businesses during 2023 (WAM 13/06/2024)
IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO (WAM 13/06/2024)
Dubai’s Fuse secures DIFC license to tap surging digital remittance demand in UAE (Arabian Business 13/06/2024)
DIFC Courts clarifies cryptocurrency legal status in landmark Bitcoin ruling (Arabian Business 13/06/2024)
Meydan Free Zone unveils Dubai 24x7 & Grow from Dubai Initiatives (WAM 12/06/2024)
(WAM 11/06/2024)
ADGM, Bermuda Monetary Authority sign Digital Assets MoU (Government of Dubai Media Office 10/06/2024)
Masdar City's upcoming developments achieve WiredScore Platinum and SmartScore Gold Certifications (Government of Dubai Media Office 10/06/2024) Arabian Automobiles Company expands presence at Dubai Industrial City with state-of-the-art distribution centre (Government of Dubai Media Office 10/06/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Instead of manpower, these are visa facilitation services (Khaleej Times 16/06/2024)
Abu Dhabi Centre for Technical and Vocational Education and Training launches Dual Healthcare Program (Abu Dhabi Media Office 15/06/2024)
Minister of Human Resources and Emiratisation reviews private sector’s preparations to implement Midday Break (WAM 14/06/2024)
Department of Government Enablement – Abu Dhabi and Abu Dhabi Civil Defence Authority partner to upskill national talents in security and safety sectors (Abu Dhabi Media Office 14/06/2024)
UAE implements 20th consecutive year of 'Midday Break' regulation starting Saturday (WAM 13/06/2024)
Coordinating Council for Labour Market in UAE holds first meeting, sets goal roadmaps (WAM 13/06/2024)
Sheikh Shakhbout Medical City's Nurse Fellowship Programme attains practice transition accreditation (WAM 13/06/2024)
ADGM Academy, Ethara sign MoU to develop next-gen Emirati talent (WAM 13/06/2024)
More than 230,000 Pakistanis moved to Emirates in 1 year (Khaleej Times 13/06/2024)
UAE midday work ban: Start date, operating hours and $13,600 fines explained (Arabian Business 13/06/2024)
Looking for a job? Hundreds of tech roles come up as AI booms (Khaleej Times 12/06/2024)
UAE work visas to be processed in five days under expanded efficiency drive (The National 11/06/2024)
UAE new rules in 2024: Golden Visa requirements, employment notice period reforms and more – All you need to know (Arabian Business 11/06/2024)
ENOC Group launches the latest edition of the “ENOC Leadership Preparation Programme” to develop and refine the skills of 44 Emirati talent (Government of Dubai Media Office 10/06/2024)
UAE BUSINESS NEWS
Dubai remains top draw for super rich (Khaleej Times 16/06/2024)
Emirates clarifies $1.5m US fine for operating in prohibited airspace (Khaleej Times 16/06/2024)
80% of Mena executives expect increased CSR activities (Khaleej Times 16/06/2024)
Eid Al Adha 2024: UAE consumers prefer digital gift cards for presents and salary incentives (Arabian Business 16/06/2024)
Dubai real estate sector recorded $5.4b of transactions last week (Arabian Business 16/06/2024)
Dubai Sports Council reviews achievements as it looks to boost $2.5b GDP contribution with major events, Golden Visas and building on 105,000 jobs in sector (Arabian Business 16/06/2024)
Federal regulators align to champion AGWA (WAM 15/06/2024)
Flydubai launches 2024 summer network: 7 island escapes (Arabian Business 15/06/2024)
First UAE Blood Donation Forum launches its activities in Abu Dhabi (WAM 14/06/2024)
Dubai collaborates with United Nations’ ITU and UNICC to establish global initiative on building & regulating virtual worlds ‘Discovering The CitiVerse’ (WAM 14/06/2024)
UAE AI’s Office, Samsung sign MoU to advance AI adoption and development among youth (WAM 14/06/2024)
Broaden Energy invests AED1b to establish hydrogen equipment manufacturing complex in Abu Dhabi (WAM 14/06/2024)
UAE AI’s Office, Rittal sign MoU to enhance digital infrastructure and pioneering future (WAM 14/06/2024)
UAE invited to join Inter-American Institute for Cooperation on Agriculture as observer country (WAM 14/06/2024)
Dubai Design Week announces 10th edition programme (WAM 14/06/2024)
MoHAP launches questionnaire to engage customers in implementing Zero Government Bureaucracy Programme (WAM 14/06/2024)
MoIAT adds seven new services for industry under government’s Zero Bureaucracy initiative (WAM 14/06/2024)
ENOC, Emirates Auction team up to boost business efficiency (Arabian Business 14/06/2024)
Amna Al Dahak participates in 3rd international conference on implementation of International Decade for Action on ‘Water for Sustainable Development’ (WAM 13/06/2024)
EDGE to consolidate radar, electronic warfare, electro-optic capabilities into two CoEs (WAM 13/06/2024)
MBRSC announces commencement of environmental testing of MBZ-SAT (Government of Dubai Media Office 13/06/2024)
Dubai Police Employs Artificial Intelligence in Police and Security Operations (Government of Dubai Media Office 13/06/2024)
Etihad set to welcome around five million guests across peak summer (Khaleej Times 13/06/2024)
UAE consumers to face higher rates for longer (Khaleej Times 13/06/2024)
Air taxi in UAE completes transition flight (Khaleej Times 13/06/2024)
Deliveroo launches electric bikes pilot in Dubai (Arabian Business 13/06/2024)
Hamdan bin Mohammed launches initiative to expand role of educators in driving AI transformation (WAM 12/06/2024)
Etihad Airways carries 1.5 million passengers in May (WAM 12/06/2024)
Etihad Cargo ramps up belly hold cargo capacity with summer schedule (WAM 12/06/2024)
'Work Bundle' expands to cover all emirates (WAM 12/06/2024)
Global Village invites entrepreneurs and business owners to unlock their business potential and join Season 29 (Government of Dubai Media Office 12/06/2024)
High-growth firms in the UAE expect AI and GenAI to transform industries (Khaleej Times 12/06/2024)
Mena IT spending to grow 5% this year (Khaleej Times 12/06/2024)
Dubai luxury retailer Etoile Group opens 11 new stores in UAE, Saudi, Bahrain, Qatar (Arabian Business 12/06/2024)
UAE AI minister lays out Dubai’s 185-year vision to become global AI hub at inaugural retreat (Arabian Business 12/06/2024)
Abu Dhabi population climbs 83% to 3.8m with 67% males (Arabian Business 12/06/2024)
UAE high-income residents warming to car leasing as short-term needs drive demand, Audi survey finds (Arabian Business 12/06/2024)
Mohammed Bin Rashid School of Government, Google collaborate to empower Artificial Intelligence SMEs in the Region (WAM 11/06/2024)
AI Retreat: Unicorn founders confirm Dubai as ideal launchpad for advanced technologies (WAM 11/06/2024)
AGWA to leverage key infrastructure partners (WAM 11/06/2024)
Regulators unite in support of AGWA (WAM 11/06/2024)
Khaled bin Mohamed bin Zayed approves framework for advancing personalised and preventive medicine (WAM 11/06/2024)
Abu Dhabi’s top research centres to boost food and water innovation (WAM 11/06/2024)
Camb.AI announces launch of world's most capable AI speech emulator 'MARS5' at AI Retreat in Dubai (WAM 11/06/2024)
UAE continues to demonstrate growth in its non-oil sectors: OPEC (WAM 11/06/2024)
Abu Dhabi Department of Finance hosts 2025 Budget Cycle event (WAM 11/06/2024)
UAE reaffirms its commitment to supporting international efforts to reduce carbon emissions in aviation sector (WAM 11/06/2024)
DXB anticipates welcoming over 3.7 million guests during summer peak (WAM 11/06/2024)
Etihad Airways, Egyptair sign MoU to deepen relationship (WAM 11/06/2024)
Bayanat, IMKAN to develop smart mobility infrastructure project on ‘SHA Island Emirates’ (WAM 11/06/2024)
Census 2023 results confirm Abu Dhabi's position as a preferred destination for living, working and doing business (WAM 11/06/2024)
Dubai Municipality launches ‘Artificial Intelligence Roadmap’ to boost efficiency in strategic projects within different sectors (Government of Dubai Media Office 11/06/2024)
How the UAE is hanging up on cold calling (The National 11/06/2024)
AI is a necessity not a luxury, says UAE minister Omar Al Olama (The National 11/06/2024)
Abu Dhabi offers fine waiver for business licences not renewed before Covid (The National 11/06/2024)
99% of UAE organisations faced identity-related breaches in the past year (Khaleej Times 11/06/2024)
Julius Baer targets rich Indians in Dubai with senior banker hires (Arabian Business 11/06/2024)
Mbank, Policybazaar.ae join forces to offer seamless insurance solutions in UAE (Arabian Business 11/06/2024)
Dubai business community praises government Chief AI Officer hires to spearhead major $27b AI economic push (Arabian Business 11/06/2024)
Dubai retail sector soars to new heights due to record-breaking 3-day super sale boom (Arabian Business 11/06/2024)
American burger franchise Five Guys opens largest UAE branch at Dubai International Airport (Arabian Business 11/06/2024)
GCC, India flight operations to increase as Wego partners with Akasa Air for ticket bookings (Arabian Business 11/06/2024)
Abu Dhabi Projects and Infrastructure Centre has invested $4.4b to develop city with homes, roads, parks and more (Arabian Business 11/06/2024)
RTA unveils ‘nol Travel’ card for residents, tourists (WAM 10/06/2024)
MoHAP launches tobacco-free workplace guide (WAM 10/06/2024)
UAE Cabinet approves Ethical Charter of AI, Framework for sustainable Digital Transformation (WAM 10/06/2024)
UAE's SFWG launches 'Principles for Sustainability-Related Disclosures for Reporting Entities' (WAM 10/06/2024)
Uber CEO plans to 'build for long term' with Middle East as a leading region for growth (The National 10/06/2024)
Dubai Ruler Sheikh Mohammed approves new UAE traffic law for driverless cars (Arabian Business 10/06/2024)
Deliveroo launches mobile hydration stations, kits, ‘Roo Buses’ for riders during UAE summer months (Arabian Business 10/06/2024)
Careem sets up resting areas, free drinking water, kits for delivery captains during harsh Dubai summer weather (Arabian Business 10/06/2024)
UAE real estate: Wealthy investors fuel property interest in Abu Dhabi, Ras Al Khaimah, says new Knight Frank report (Arabian Business 10/06/2024)
Abu Dhabi’s tech startup ecosystem sees 28% value growth: Report (Arabian Business 10/06/2024)
UAE FINANCIAL NEWS
AED13.8b in new savings deposits in banking sector during Q1-24 (WAM 16/06/2024)
UAE, Saudi Arabia lead global remittance flows (Khaleej Times 16/06/2024)
Electronic payments facilitate 78% of UAE transaction value (Khaleej Times 16/06/2024)
UAE's banking sector liquid assets stand at AED786.6b in Q1-24 (WAM 14/06/2024)
Transactions through Instant Payment System hit AED164.7b in 2023 (WAM 14/06/2024)
CBUAE's gold reserves see 12.6% YoY growth by end of March 2024 (WAM 14/06/2024)
CBUAE in 2023 remained dedicated to safeguarding UAE’s financial and monetary stability, protecting integrity of its financial system (WAM 13/06/2024)
NMDC Energy, Technip Energies, JGC awarded major contract worth US$5.5b for ADNOC’s Ruwais LNG project (WAM 13/06/2024)
IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO (WAM 13/06/2024)
UAE economy grew 3.6% last year, exceeding estimates (The National 13/06/2024)
CBUAE's balance sheet hits AED771.2b in March, up 30% YoY (WAM 12/06/2024)
Emirates Global Aluminium launches Green Finance Framework, reveals first green loan facility (WAM 12/06/2024)
CBUAE maintains Base Rate at 5.40% (WAM 12/06/2024)
Alef Education Holding lists on ADX, starts trading (WAM 12/06/2024)
Citi and Emirates NBD Collaborate to Launch First-of-Its-Kind 24/7 USD Cross Border Payments in the Middle East (Government of Dubai Media Office 12/06/2024)
NMC appoints financial adviser to help explore strategic options including IPO (The National 12/06/2024)
Executive Office of Anti-Money Laundering and Counter Terrorism Financing releases its first annual report edition 2023 (WAM 11/06/2024)
World Bank predicts UAE's real GDP will rise to 4.1% in 2025 (WAM 11/06/2024)
FTA issues clarification on registration timelines for taxable persons for Corporate Tax (WAM 11/06/2024)
BHM Capital appointed liquidity provider for Spinneys’ shares on DFM (Arabian Business 11/06/2024)
UAE MERGERS AND ACQUISITIONS NEWS
ADNOC Drilling and Alpha Dhabi’s ‘Enersol’ joint venture increases equity stake in Gordon Technologies to 67.2% (WAM 11/06/2024)
UAE BILATERAL TRADE NEWS
Abdullah bin Zayed, Iran's Acting Foreign Minister discuss bilateral relations over phone (WAM 15/06/2024)
Brazil, UAE great partners: Mayor of Rio de Janeiro (WAM 15/06/2024)
UAE President meets UK Prime Minister on sidelines of G7 Summit (WAM 14/06/2024)
UAE President participates in G7 Summit session on artificial intelligence and energy hosted by Italy (WAM 14/06/2024)
Abdullah bin Zayed meets Slovenian Deputy PM, Foreign Minister (WAM 14/06/2024)
UAE participates in 20th CGIAR System Council meeting in Brazil (WAM 14/06/2024)
UAE GBC participates in OECD Forum on Gender Equality in Paris (WAM 13/06/2024)
UAE, Morocco strenghten Anti-money Laundering And Counter Terrorism Financing Cooperation (WAM 13/06/2024)
Abdullah bin Zayed meets with Deputy Prime Minister and Minister of Defence of Slovak Republic (WAM 13/06/2024)
Abdullah bin Zayed, Austrian FM discuss bilateral cooperation (WAM 12/06/2024)
AD Ports Group, Red Sea Port Authority sign three concession agreements to strengthen Egypt’s cruise tourism sector (WAM 12/06/2024)
UAE National Pavilion showcases defence, security innovations at ‘Eurosatory 2024’ in France (WAM 12/06/2024)
Ahmed Al Sayegh participates in BRICS Foreign Ministers' Meeting and Friends of BRICS (WAM 12/06/2024)
UAE, Uzbek ministers of justice discuss enhancing cooperation (WAM 12/06/2024)
UAE President receives Azerbaijani Minister of Internal Affairs (WAM 11/06/2024)
Abu Dhabi's Edge and India's Adani Defence and Aerospace sign co-operation pact (The National 11/06/2024)
UAE showcases labour market achievements at International Labour Conference in Geneva (WAM 10/06/2024)
UAE is largest Arab investor in Morocco, second-largest globally (WAM 10/06/2024)
Abdullah bin Zayed participates in BRICS Foreign Ministers' Meeting (WAM 10/06/2024)
Dubai International Chamber trade mission concludes in Casablanca with 300 meetings to promote business opportunities (WAM 10/06/2024)
UAE President receives phone call from Prime Minister of Netherlands (WAM 10/06/2024)
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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
