UAE Weekly Business News 17/07/23
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 145. 17th July 2023.
UAE free zones news
Dubai Aviation City corporation and Dubai South sign agreement with Dubai insurance (Government of Dubai Media Office 17/07/2023)
DLD, Dubai Development Authority strengthen cooperation to fulfil Dubai's strategic objectives (WAM 14/07/2023)
DIFC announces Future Sustainability Forum in Dubai (WAM 13/07/2023)
RAKEZ empowers businesses through regular networking events (WAM 13/07/2023)
Dubai Municipality and DIEZ sign MoU for Dubai Horizons System (WAM 13/07/2023)
DIFC first in region to join forces with AIMA (WAM 11/07/2023)
ADGM publishes hotel and tourism regulations (WAM 11/07/2023)
MBRAH, Tim investment sign agreement to launch MRO hangar at Dubai South (WAM 11/07/2023)
Global Fluorine Chemical Factory expands to triple its capacity from KEZAD (WAM 10/07/2023)
Dubai talent pass: How much does it cost and who can apply? (The National 10/07/2023)
UAE employment, visa and Emiratisation news
Is summer a good time to find a job in the Middle East? (The National 14/07/2023)
UAE businesses will face steep Emiratisation fines for failing to meet quotas, expert says (Arabian Business 14/07/2023)
How to apply for UAE's remote working visa (The National 13/07/2023)
Which healthcare jobs are in demand in the UAE and how much do they pay?
What are the new Emiratisation rules and fines? (The National 12/07/2023)
UAE, Saudi jobs: The best places for millennials to work in 2023 (Arabian Business 12/07/2023)
Private establishments subject to Emiratisation targets to be expanded in 2024 and 2025 (WAM 11/07/2023)
Emirates Group launches new UAE national talent acceleration programmes (WAM 11/07/2023)
Local Press: Emiratisation is deepening the talent pool for jobs in the UAE (WAM 11/07/2023)
UAE expands Emiratisation targets to smaller companies (The National 11/07/2023)
'Every company' in the UAE will soon employ an Emirati (The National 11/07/2023)
New jobs growth in GCC set to rise by up to 5% this year (The National 10/07/2023)
New Emiratisation target for Abu Dhabi healthcare sector (The National 10/07/2023)
UAE announces 5,000 new healthcare jobs target (Arabian Business 10/07/2023)
Abu Dhabi and Dubai trade, economy and investment news
DSCE receives ISO 50001 and Net-Zero certifications for sustainable energy management (WAM 17/07/2023)
ADJD considers registration applications filed by 20 experts in various disciplines (WAM 17/07/2023)
Mubadala Energy and Masdar to explore decarbonisation (The National 17/07/2023)
Why UAE is well positioned to go beyond its net-zero targets by 2030 (The National 17/07/2023)
Top Dubai private schools that cost less than AED25,000 a year (The National 17/07/2023)
UAE holiday: Nine-day weekend expected in 2024 (Arabian Business 17/07/2023)
Dubai Municipality signs massive construction deal with LINQ (Arabian Business 17/07/2023)
UAE eSports: True Gamers announces $13.5m investment in gaming centres (Arabian Business 17/07/2023)
Commercial transport activities contributed AED16b to Dubai economy in 2022 (WAM 16/07/2023)
Dubai continues to reinforce its position as major global economic hub (WAM 16/07/2023)
DEWA attracts experts and researchers from 36 countries to participate in the MENA Solar Conference 2023 (WAM 16/07/2023)
Dubai Press Club opens registration for Arab Media Forum 2023 (WAM 16/07/2023)
The laws behind Dubai’s digital transformation: A look at the pioneering legislations fuelling the city's goal to be the world's digital economy capital (WAM 16/07/2023)
Dubai growth 'buoyed by strong 2023 tourist numbers' (The National 16/07/2023)
Etihad Airways announces A380 operations to London (Arabian Business 16/07/2023)
ADEK, India’s Ministry of Education partner to establish first IIT-Delhi international campus in Abu Dhabi (WAM 15/07/2023)
UAE suspends Emirates Gold refinery from its 'good delivery list' (The National 15/07/2023)
Dubai to get second-tallest tower in the world (Khaleej Times 15/07/2023)
UAE one of fastest-growing economies in 2022: CBUAE (WAM 14/07/2023)
Dubai saw over AED13.7b in weeklong real estate transactions (WAM 14/07/2023)
Dubai attracts 4.791 volunteers in first half of 2023 to maintain clean and sustainable environment (WAM 14/07/2023)
Dubai Police responds to over 2.1m calls in Q2 2023 within 10 seconds (WAM 14/07/2023)
Sheikh Zayed Grand Mosque Centre receives over 3.3m visitors in H1 2023 (WAM 14/07/2023)
Etihad Rail offers a glimpse of its network in Dubai (The National 14/07/2023)
UAE expats among happiest in the world: report (Arabian Business 14/07/2023)
Abu Dhabi Department of Economic Development launches Intellectual Property Excellence Centre (WAM 13/07/2023)
Abu Dhabi Department of Energy sets revenue limits for water, wastewater and electricity sector operators (WAM 13/07/2023)
Minister of Energy and Infrastructure outlines details of National Electric Vehicles Policy (WAM 13/07/2023)
Dubai to host MEIDAM 2023 in September (WAM 13/07/2023)
DEWA receives Net-Zero statement of verification based on IWA 42:2022 guidelines (WAM 13/07/2023)
SCA, UBF team up to boost UAE's asset management industry (WAM 13/07/2023)
Generative AI could add $23.5b to GCC's economy, report suggests (The National 13/07/2023)
Dubai developer Seven Tides announces record occupancy levels in two locations (Khaleej Times 13/07/2023)
British, Indian and Russian buyers among top investors in property market in Q2 (Khaleej Times 13/07/2023)
UAE expects to increase number of EVs to 50% of total vehicles on roads by 2050 (Khaleej Times 13/07/2023)
Google announces Arabic Bard, generative AI speaks 16 dialects (Arabian Business 13/07/2023)
Dubai announces $2.3m self-driving bus challenge tests (Arabian Business 13/07/2023)
Urgent measures needed for retail investor participation in carbon credits (Arabian Business 13/07/2023)
Emirates builds unrivalled network with partners to reach over 800 cities (WAM 12/07/2023)
Dubai Chambers launches programme to improve customer service in private sector (WAM 12/07/2023)
Yahsat to invest $100m in 2023 in T4-NGS satellite programme (WAM 12/07/2023)
Hamdan bin Mohammed launches second cycle of Dubai Cyber Security Strategy (WAM 12/07/2023)
EAD targets 20m reduction in single-use plastic bottles in 2023 (WAM 12/07/2023)
Hijri New Year holiday announced for ministries and federal entities in the UAE (WAM 12/07/2023)
Burjeel Holdings to launch Project NADER to study and treat rare diseases in the UAE (Abu Dhabi Media Office 12/07/2023)
PureHealth sets Net Zero emissions target by 2040 (Abu Dhabi Media Office 12/07/2023)
Emirates set to forge new partnerships and deepen ties in Asia, Africa and Europe (The National 12/07/2023)
Dubai residential property prices rose at fastest pace since 2014 in June (The National 12/07/2023)
Three UAE colleges ranked among global top 50 young universities (The National 12/07/2023)
Dubai waterfront property rates have doubled; will prices drop as Palm Jebel begins to take shape? (Khaleej Times 12/07/2023)
Rents in Dubai: Planning to move? Top areas where rates are rising, falling for flats and villas (Khaleej Times 12/07/2023)
Dubai’s real estate market is poised for growth in the third quarter (Khaleej Times 12/07/2023)
Dubai Courts clarifies criteria to become guardian in UAE (Arabian Business 12/07/2023)
UAE, Saudi hospitals putting patients at cybersecurity risk, report says (Arabian Business 12/07/2023)
Abu Dhabi announces new project for delivery riders (Arabian Business 12/07/2023)
Users under attack as cybercriminals target Middle East organisations, experts warn (Arabian Business 12/07/2023)
UAE announces Islamic New Year holiday for private sector (Arabian Business 12/07/2023)
UAE accelerates to net zero with nationwide emissions reduction of 40% by 2030 in proactive Third update to second NDC (WAM 11/07/2023)
‘Water Security and Clean Energy Forum’ drives climate-tech action in Abu Dhabi (WAM 11/07/2023)
ADDED and NWTN to expedite development of Abu Dhabi's green automotive industry (WAM 11/07/2023)
Global Media Congress is platform for fruitful dialogue to achieve coexistence and peace (WAM 11/07/2023)
DEWA advances green building initiatives with Great Arab Minds Committee and Harvard expert (WAM 11/07/2023)
EAD reaches goal of all schools in emirate joining Sustainable Schools Initiative (WAM 11/07/2023)
Abu Dhabi to host World Federation of the Deaf Congress in 2027 (WAM 11/07/2023)
ADU ranks 58th best globally in ‘Times Higher Education Young University Rankings’ 2023 (WAM 11/07/2023)
Dubai's non-oil economy hits 10-month high on new business (The National 11/07/2023)
BitOasis working with Dubai's virtual assets regulator after licence suspension (The National 11/07/2023)
Emirates to lease out private jet fleet from Dubai base (The National 11/07/2023)
Dubai property prices rise fastest in almost 9 years, data shows (Khaleej Times 11/07/2023)
Dubai issues new guidelines for family businesses (Arabian Business 11/07/2023)
Abu Dhabi shuts down restaurant over hygiene, food safety violations (Arabian Business 11/07/2023)
Arabian Business Arab Women Awards 2023 takes place this September (Arabian Business 11/07/2023)
Dubai’s Emirates announces new on-demand flights for short trips in GCC (Arabian Business 11/07/2023)
UAE’s Kitopi reveals solar-powered kitchen in Dubai (Arabian Business 11/07/2023)
New Dubai hospital will be at forefront of medical tourism (Arabian Business 11/07/2023)
Emirates Water and Electricity Company receives 4 bids for 1,500MW Al Ajban Solar Photovoltaic Independent Power Project (WAM 10/07/2023)
Hamdan bin Mohammed launches Dubai Digital Cloud project (WAM 10/07/2023)
Dubai Courts establishes first division for inheritance of non-Muslims (WAM 10/07/2023)
UAE attaches utmost importance to care of fishermen (WAM 10/07/2023)
etisalat by e& launches payment solution 'uTap' (WAM 10/07/2023)
Emergencies, Crises and Disasters Management Centre Abu Dhabi commends emirate’s business continuity capabilities (Abu Dhabi Media Office 10/07/2023)
QatarEnergy signs 10-year condensate supply deal with Enoc (The National 10/07/2023)
Dubai completes final phase of Ras Al Khor Road improvement project (The National 10/07/2023)
Creating a land of economic opportunities with real estate investments (Khaleej Times 10/07/2023)
UAE Financial News
How corporate tax differs from VAT in the UAE (The National 17/07/2023)
How do traders, NRIs benefit from new UAE-India MoUs? (Khaleej Times 16/07/2023)
UAE and India: A strategic partnership serving 3.8b people (WAM 15/07/2023)
UAE and India agree to use dirhams and rupees for cross-border transactions (WAM 15/07/2023)
Demand for Shariah-compliant financing remained strong, with growth of 4.9% in 2022, taking total financing to AED536.4b (WAM 14/07/2023)
ADX gained over 20%, DFM 4.4% in 2022: CBUAE’s Financial Stability Report (WAM 14/07/2023)
UAE banking sector is well-capitalised with adequate liquidity buffers, CBUAE confirms in Financial Stability Report 2022 (WAM 14/07/2023)
'UAE banks remain resilient to market volatility' (The National 14/07/2023)
Ethmar International Holding reports AED421m increase in net profit (WAM 13/07/2023)
Banking, real estate blue chips continue to drive UAE stock markets (WAM 13/07/2023)
Financial Audit Authority in Dubai launches 'Anti-Fraud Framework' to promote accountability, transparency and integrity (WAM 13/07/2023)
Dubai Financial Market at highest point in nearly eight years (The National 13/07/2023)
EIB to support Green Deal Industrial Plan with €45b in additional financing (WAM 12/07/2023)
Agthia Group launches $54m corporate venture capital fund (WAM 12/07/2023)
ADIB raises $750m in US dollar denominated tier-one perpetual sukuk (WAM 12/07/2023)
Taaleem reports record revenue of AED709.2m for nine months in May 2023 (WAM 11/07/2023)
Ministry of Finance announces its 5 major strategic transformational projects (WAM 11/07/2023)
Mascotte Health raises $1.2m in pre-seed funding led by Nuwa Capital (Arabian Business 11/07/2023)
Arada reports 186% rise in sales during first half of 2023 to AED4.26b (WAM 10/07/2023)
UAE's per capita income continues to rise, ranks 7th globally (WAM 10/07/2023)
UAE's Amea Power secures $75m funding from SoftBank to boost regional projects (The National 10/07/2023)
Dubai's Sobha Realty expected to raise $300 million with debut sukuk (Khaleej Times 10/07/2023)
UAE Mergers & Acquisitions news
ADNOC confirms talks on potential Borouge-Borealis merger (WAM 15/07/2023)
Adnoc and OMV in talks to create petrochemicals company (WAM 15/07/2023)
Multiply Group invests AED367m in EIG’s Breakwater Energy (WAM 12/07/2023)
EDGE acquires Etimad Holding, a major player in UAE’s security solutions space (WAM 11/07/2023)
Abu Dhabi Catalyst Partners makes strategic investment in MEASA Partners (WAM 11/07/2023)
UAE's e& considering stake acquisition in Ethiopia's Ethio Telecom (The National 11/07/2023)
Abu Dhabi-listed Invictus to invest $272m for expansion into North and East Africa (The National 10/07/2023)
UAE bilateral trade news
Non-oil trade between UAE, Japan rises to AED524.4b over last decade (WAM 17/07/2023)
Towards the Next 50 Years between Japan and UAE (WAM 16/07/2023)
CBUAE and RBI sign two MoUs to strengthen use of national currencies for bilateral trade, link payment and financial messaging systems (WAM 15/07/2023)
UAE and India issue joint statement after Indian PM's visit to UAE (WAM 15/07/2023)
UAE-India trade stood at AED1.41t in 10 years (WAM 15/07/2023)
UAE, Mozambique sign MoU in workforce field (WAM 14/07/2023)
Dubai Customs, Japanese Consulate discuss ways to enhance trade cooperation (WAM 13/07/2023)
UAE, France review growing economic cooperation (WAM 13/07/2023)
Emirates Steel Arkan, Al Jazeera Steel Product ink MoU to utilise joint expertise and opportunities (WAM 13/07/2023)
Digital DEWA strengthens strategic partnership with Huawei during China visit (WAM 12/07/2023)
UAE Gender Balance Council participates in Global Aviation Gender Summit in Madrid (WAM 12/07/2023)
UAE participates in 64th WIPO assemblies’ meetings in Geneva highlighting its efforts in promoting intellectual property rights (WAM 12/07/2023)
Pakistan gets $1b boost from UAE ahead of key IMF decision (Khaleej Times 12/07/2023)
Presight, and Astana City Administration sign MoU to drive digital transformation and economic growth (WAM 11/07/2023)
UAE signs air transport services agreement with Austria (WAM 11/07/2023)
UAE Economy Minister visits Samsung HQ in Korea, learns about microchip manufacturing (WAM 11/07/2023)
Dubai Investments and E20 sign MoU for agricultural investment in Angola (WAM 11/07/2023)
UAE, Mongolia discuss elevating trade, investment ties (WAM 10/07/2023)
Al Marar participates in Russian-Gulf Strategic Dialogue (WAM 10/07/2023)
DEWA discusses ways to strengthen cooperation, exchange experiences with 61 French companies (WAM 10/07/2023)
Leading up to COP28 in the UAE (30th November - 12th December 2023)
Local Press: UAE's fresh vision for Cop28 could break the world's pattern of climate disagreement (WAM 14/07/2023)
COP28 Presidency releases ambitious, inclusive plan to enable responsible energy transition and supercharge climate finance (WAM 13/07/2023)
COP28 President-Designate advances innovative climate finance, leveraging public, business and philanthropic capital (WAM 13/07/2023)
Cop28 to shed more light on benefits of sustainability-linked sukuk (The National 13/07/2023)
UAE Council for Climate Action discusses updates on national plan for COP28 preparedness and UAE climate action efforts (WAM 12/07/2023)
COP28 President-Designate meets with King Felipe VI of Spain (WAM 11/07/2023)
COP28 President-Designate engages with EU ministers in Spain to advance energy transition pathways (WAM 11/07/2023)
COP28 and Emirates Centre for Strategic Studies and Research sign MoU (WAM 11/07/2023)
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
