UAE Weekly Business News 18/11/2024
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UAE Weekly Business News: Issue 214 published 18 November 2024.
UAE FREE ZONE NEWS
Pipetec Solutions Manufacturing to set up AED100m plant in KEZAD (WAM 14/11/2024)
Ministry of Finance signs MoC with Ajman Free Zones to enhance tax information exchange services (WAM 14/11/2024)
Rokstone Opens Operations in DIFC (Government of Dubai Media Office 14/11/2024)
Ports, Customs and Free Zone Corporation launches ‘Dubai Code for Ports’ to boost maritime capacity (WAM 13/11/2024)
Dubai World Trade Centre initiates phase 1 of Dubai Exhibition Centre expansion valued at AED10b (WAM 13/11/2024)
Xpro Dielectric Films begins construction of its 1st global manufacturing unit in Ras Al Khaimah (WAM 13/11/2024)
SAIF Zone, EMX sign agreement for 6500sqf logistics warehouse (WAM 12/11/2024)
DIFC completes on-time repayment of $700mn Sukuk (WAM 11/11/2024)
IFZA announces launch of BVMW’s representative office in Dubai (WAM 11/11/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Family visa in UAE: How women can sponsor residency permits for husbands, children (Khaleej Times 17/11/2024)
Dubai: What are the requirements for Golden Visa holders to work in the emirate's freezone? (Khaleej Times 17/11/2024)
Emirates ID: 8 benefits for UAE residents, from checking travel ban to paying for fuel (Khaleej Times 16/11/2024)
UAE Media Council, IMI to train, recruit national talents (WAM 14/11/2024)
New Golden Visa scheme announced in RAK; are you eligible? (Khaleej Times 14/11/2024)
UAE salaries tipped to increase 4%; best industries for pay rises revealed (Arabian Business 14/11/2024)
GPSSA, Etihad Credit Bureau to exchange data, digital connectivity (WAM 13/11/2024)
Employers exempt from late payment fines in October, November: GPSSA (WAM 12/11/2024)
MoHRE cuts procedures, completion time for services by up to 100% (WAM 12/11/2024)
Luxit: Why workers in luxury retail are looking to quit their jobs amid $12.5bn market boom (Arabian Business 12/11/2024)
UAE and Saudi workers optimistic despite pressure to maintain work-life balance (Arabian Business 12/11/2024)
UAE BUSINESS NEWS
UAE residents, content creators hope for 'fresh start' on Bluesky, as millions leave X (Khaleej Times 17/11/2024)
Middle East smart appliance market shows rapid growth (Khaleej Times 17/11/2024)
Latifa bint Mohammed announces AED180m 'Dubai Cultural Grant' programme (Government of Dubai Media Office 17/11/2024)
Dubai real estate sector recorded $4b of transactions last week (Arabian Business 16/11/2024)
Sheikh Shakhbout Medical City reaches landmark achievement in atrial fibrillation treatment (WAM 15/11/2024)
MEIDAM Congress 2024 opens with record breaking attendance figure of 4,000 global dermatology leaders (WAM 15/11/2024)
UAE concludes Kimberley Process plenary in Dubai, achieves major outcomes in ‘Year of Delivery (Government of Dubai Media Office 15/11/2024)
UAE entrepreneurs expect wealth and success amid confidence in tax rules and investment laws (Arabian Business 15/11/2024)
Abu Dhabi unveils fast-track US customs clearance facility at Zayed International Airport (Arabian Business 15/11/2024)
CyberQ: Cyber Security in the Quantum Era conference shapes dialogue on industry challenges from Abu Dhabi (Abu Dhabi Media Office 15/11/2024)
Hamdan bin Mohammed meets with CEO of X Corp (WAM 14/11/2024)
Emirates, flydubai serve 19 million passengers over 7 years (WAM 14/11/2024)
'Waste to Zero' initiative unveils white paper on importance of decarbonising waste sector (WAM 14/11/2024)
Dubai Media Council explores strategic partnerships with X Corp (WAM 14/11/2024)
RTA Launches Digital Payment Excellence Centre to Revolutionize nol System with Advanced Technologies (Government of Dubai Media Office 14/11/2024)
Abu Dhabi: XPANSE 2024 promises science and tech experience that 'relates to everyone' (Khaleej Times 14/11/2024)
UAE, UK researchers push for green flight paths, sustainable aviation fuel to meet aviation net-zero targets by 2050 (Arabian Business 14/11/2024)
Dubai Health's Board approves plans for new Diabetes Centre (WAM 13/11/2024)
Museum of the Future welcomes 3 million visitors from 177 countries in less than 3 years (WAM 13/11/2024)
ADDED’s Export Matching Programme enables SMEs to expand globally (WAM 13/11/2024)
ADJD showcases leading services for foreign community (WAM 13/11/2024)
Delmon Industrial Complex to set up AED50m plant in KEZAD (WAM 13/11/2024)
Sheikh Shakhbout Medical City announces dedicated clinic for treatment of inflammatory bowel disease (WAM 13/11/2024)
Salik Partners with Liva to offer market leading insurance solutions (Government of Dubai Media Office 13/11/2024)
Dubai’s desalinated water production rises by 4.6% to meet increasing demand and keep pace with the Emirate’s growth (Government of Dubai Media Office 13/11/2024)
DLD enables customers to access three real estate services through the Dubai Now app (Government of Dubai Media Office 13/11/2024)
UAE can be a global leader in quantum computing (Khaleej Times 13/11/2024)
Dubai Land Department outlines 4 key policies to drive real estate growth (Arabian Business 13/11/2024)
UAE to host High-Level OECD Budget Officials Meeting for MENA Region (WAM 12/11/2024)
‘Daman’ named UAE’s best perceived health insurance brand (WAM 12/11/2024)
DEWA’s hydroelectric power plant in Hatta is 94.15% complete (WAM 12/11/2024)
Cake Away, expands with new store in Al Jaddaf area (Khaleej Times 12/11/2024)
Landmark Group announces massive $1bn global expansion plan with 400 new stores (Arabian Business 12/11/2024)
Landmark Group IPO: ‘We do not have plans yet’, says Chairwoman Renuka Jagtiani (Arabian Business 12/11/2024)
UAE's diamond trade to hit $40b in 2024 (WAM 11/11/2024)
Cleveland Clinic Abu Dhabi performs UAE’s first robotic mastectomy (WAM 11/11/2024)
UAE National domain '.ae' marks 347,000 registrations (WAM 11/11/2024)
Al Seer Marine, Damen International expand joint venture ‘Dune’ (WAM 11/11/2024)
Global Food Security Summit to convene in Abu Dhabi on November 26 (WAM 11/11/2024)
Flexible working hours, remote work policies cut morning peak travel time by 30% across Dubai (WAM 11/11/2024)
Dubai Diamond Week opens with discussion on industry's future course (WAM 11/11/2024)
Dubai Metro: 60 million riders served and 6,000,000km travelled (Government of Dubai Media Office 11/11/2024)
UAE intellectual property registrations up over 34% with massive increase in trademarks (Arabian Business 11/11/2024)
UAE has seen 347,000 .ae national domain names registered (Arabian Business 11/11/2024)
World’s first number plate valuation tool launches in Dubai, trading platform to follow (Arabian Business 11/11/2024)
UAE FINANCE AND ECONOMY NEWS
Abu Dhabi Securities Exchange expects new listing before year end (Khaleej Times 15/11/2024)
Tabreed’s district cooling consumption grows 6% for 9M 2024 (Arabain Business 15/11/2024)
Dubai real estate: Keturah announces $1.7b of sales in 2024 (Arabain Business 15/11/2024)
Lulu Retail starts trading on ADX (WAM 14/11/2024)
Abu Dhabi Investment Authority publishes '2023 ADIA Review' (WAM 14/11/2024)
7th EU-UAE Structural Dialogue on AML/CFT concludes in Abu Dhabi (WAM 14/11/2024) ADNOC Trading, ADNOC Global Trading execute 850,000 transactions in 2024 (WAM 14/11/2024)
Etihad Airways reports AED1.4b in profit for 9M 2024, up 66% YoY (WAM 14/11/2024)
UAE remittances to India, Philippines surge after Trump's win (Khaleej Times 14/11/2024)
Taqa Group reports AED6.3b net income for the first nine months of 2024 (Khaleej Times 14/11/2024)
IHC’s $1.36b share buyback programme to start next week (Arabain Business 14/11/2024)
Lulu Retail Holding appoints BHM Capital as liquidity provider on ADX (Arabain Business 14/11/2024)
UAE startup funding to triple to $2b by end of 2024 as region sees entrepreneur boom (Arabain Business 14/11/2024)
Emirates NBD launches private banking scheme as it eyes slice of $980b Middle East generational hand down (Arabain Business 14/11/2024)
US startup TeaLeaf secures $6mn in funding with backing from UAE’s FasterCapital (Arabain Business 14/11/2024)
Emirates Development Bank signs AED100m financing agreement with Yellow Door Energy (WAM 13/11/2024)
ADIB named world’s safest Islamic bank for 2024 (WAM 13/11/2024)
Salik posts AED822m net profit in 9 months (WAM 13/11/2024)
ADNOC L&S Q3 net profit up 18% YoY to AED643m (WAM 13/11/2024)
GCC banks to continue strong performance next year (Khaleej Times 13/11/2024)
Visa launches flexible payment feature in US, UAE to meet growing demand (Arabain Business 13/11/2024)
UAE’s Zand Bank partners with Paymentology to accelerate fintech growth (Arabain Business 13/11/2024)
AD Ports Group delivers AED445m net profit in Q3 2024 (WAM 12/11/2024)
Mbank launches Aani Instant Payment Platform (WAM 12/11/2024)
E7 Group reports 9M 2024 net profit growth of 82% (WAM 12/11/2024)
ADNIC achieves net profit before tax of AED342.5m in 9 months (WAM 12/11/2024)
UAE continues to exhibit solid economic growth: OPEC (WAM 12/11/2024)
Strong Q3 Operational Results Deliver 25% Revenue Growth and a 40% Increase in EBITDA for Parkin (Government of Dubai Media Office 12/11/2024)
Drake and Scull’s financial restructuring paying off (Arabain Business 12/11/2024)
Dubai Chambers, ‘noqodi’ to develop digital payment solutions (WAM 11/11/2024)
DEWA reports AED23.5b revenue in 9 months (WAM 11/11/2024)
Air Arabia reports record third quarter net profit of AED564m, up 8% (WAM 11/11/2024)
UAE M&A NEWS
‘DP World Australia’ acquires ‘Silk Logistics’ (WAM 11/11/2024)
UAE BILATERAL TRADE NEWS
Masdar, SOCAR Green achieve financial close for 760MW of solar projects in Azerbaijan (WAM 17/11/2024)
Crown Prince of Abu Dhabi arrives in Brazil to attend G20 summit on behalf of UAE President (WAM 17/11/2024)
On behalf of UAE President, Reem Al Hashimy participates at 2024 APEC Economic Leaders’ Week (WAM 16/11/2024)
UAE President, King of Jordan discuss bilateral relations (WAM 15/11/2024)
Abu Dhabi, Al Riyadh municipalities discuss enhancing cooperation (WAM 15/11/2024)
Dubai Media Council commences Media Knowledge Exchange Programme with visit to Japan (WAM 15/11/2024)
Dubai Chambers to attract Mexican businesses to emirate (WAM 14/11/2024)
UAE Embassy in Sofia marks 33 years of diplomatic relations (WAM 14/11/2024)
flydubai makes debut at Bahrain International Airshow (WAM 13/11/2024)
Masdar, Albania Power Corporation sign agreement at COP29 (WAM 13/11/2024)
Crown Prince of Abu Dhabi receives Governor of Tokyo (WAM 12/11/2024)
UAE National Pavilion boosts national companies' participation at Bahrain International Airshow (WAM 12/11/2024)
Dubai Chambers signs MoU with Thai Chamber of Commerce to strengthen bilateral economic relations (WAM 12/11/2024)
Masdar to develop 1GW windfarm in Kazakhstan (WAM 12/11/2024)
Italian jewellers cash in on Dubai’s wedding tourism boom, says trade agency boss (Arabian Business 12/11/2024)
Italian exports to UAE set for ‘record year’ in 2024 as bilateral trade surges (Arabian Business 12/11/2024)
Tadweer Group, Egyptian Ministry of Environment partner to explore investment, partnership opportunities (WAM 11/11/2024)
Mansour bin Zayed receives Deputy Prime Minister of Bahrain (WAM 11/11/2024)
Mansour bin Zayed meets King of Jordan (WAM 11/11/2024)
UAE President hosts special dinner for Jordanian Crown Prince, Belarusian President, and Albanian Prime Minister (WAM 11/11/2024)
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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
