UAE Weekly Business News 18/12/23
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UAE Weekly Business News, Issue 167. 18th December 2023.
UAE free zones news
DP World to relocate its global head office to Expo City Dubai (WAM 17/12/2023)
DIFC launches report on 'Future of Financial Services Talent' (WAM 14/12/2023)
RAKEZ named ‘Free Zone Hub of the Year’ at Enterprise Agility Awards 2023 (WAM 13/12/2023)
Sokovo inaugurates vertical farm at Dubai Industrial City to bolster national food security agenda (WAM 12/12/2023)
Expo City Dubai teams up with Universal Materials Incubator VC (WAM 12/12/2023)
Abu Dhabi's Masdar City looks to stay ahead of the sustainability curve (The National 12/12/2023)
UAE employment, visa and Emiratisation news
MoHRE revokes licenses of 2 domestic worker recruitment agencies for legal violations (WAM 15/12/2023)
Everything you need to know about getting a salary rise in 2024 (The National 15/12/2023)
Companies complied with Emiratisation targets to be given priority in government procurement system (WAM 14/12/2023)
GPSSA: New Federal Decree Law No. 57 of 2023 encourages Emiratis to join labour market (WAM 14/12/2023)
MoHRE to begin imposing fines on workers who fail to comply with Unemployment Insurance Scheme (WAM 14/12/2023)
Remote-working, on-the-job training, flexibility and purpose attract best staff (Arabian Business 14/12/2023)
UAE businesss and trade news
TDRA releases ‘Digital Enablers Report 2023’ (WAM 18/12/2023)
Etihad Airways, Maldivian announce strategic bilateral interline partnership (WAM 18/12/2023)
Top CEOs move to GCC as UAE, Saudi Arabia turbocharge economic growth (Arabian Business 18/12/2023)
What you need to know about the UAE’s new e-commerce law (The National 18/12/2023)
UAE first regionally, fourth globally preferred destination for remote work (WAM 17/12/2023)
RTA unveils its digital strategy 2023-2030 (WAM 17/12/2023)
Dubai Roads and Transport Authority reveals Dh1.6b digital plan (The National 17/12/2023)
Air India Express Connects Surat and Dubai (Khaleej Times 17/12/2023)
Dubai luxury real estate 2024 forecasts: Rising prices, Chinese investors, international value and a branded residence boom (Arabian Business 17/12/2023)
Tourism sector is a vital pillar of Dubai's economy: Hamdan bin Mohammed (WAM 15/12/2023)
ArabPlast 2023 concludes, with deals worth $88m to support environmental conservation (WAM 15/12/2023)
ADDED releases sustainability report, highlighting 15% waste generation reduction (WAM 15/12/2023)
Khaled bin Mohamed bin Zayed chairs Abu Dhabi Executive Council meeting, allocates over AED65b for new capital projects (WAM 15/12/2023)
Abu Dhabi announces its success in planting 44 million Mangroves as part of the country’s efforts to combat climate change (WAM 15/12/2023)
Department of Municipalities and Transport launches Hala Wi-Fi to provide free public internet across Abu Dhabi (Abu Dhabi Media Office 15/12/2023)
Dubai tourism: Record visitor numbers, 149,000 hotel rooms, restaurant achievements, occupancy passes pre-pandemic levels (Arabian Business 15/12/2023)
Dubai off-plan interest surges 105% month-on-month in November (Arabian Business 15/12/2023)
UAE surrogacy interest surges 1 month after legalisation (Arabian Business 15/12/2023)
Mansoor bin Mohammed approves 2024-2033 strategic plan for Dubai’s sports sector (WAM 14/12/2023)
Dubai International Airport to welcome 4.4m passengers this festive season (WAM 14/12/2023)
MRO Middle East and AIME to propel growth across regional airline supply chain (WAM 14/12/2023)
Arab Plast attracts more than 8,000 visitors on its first day (WAM 14/12/2023)
Demand for warehouses is rising in the UAE (The National 14/12/2023)
Dubai real estate prices climb 19% as city ranked as ‘live, work, play’ destination (Arabian Business 14/12/2023)
KEZAD Communities, Burjeel Holdings partner to open healthcare clinic for Razeen residents, Al Wathba (Arabian Business 14/12/2023)
UAE sees 35% surge in gifting of eco-friendly, locally sourced brands in 1 year (Arabian Business 14/12/2023)
Dubai Municipality signs MoU with Union Coop to strengthen food supply chains in Dubai (WAM 13/12/2023)
Dubai to host ‘Light + Intelligent Building Middle East’ in January 2024 (WAM 13/12/2023)
Etihad Airways pioneers cutting-edge AI solutions to boost safety (WAM 13/12/2023)
Dubai Municipality announces 7 agreements, launches 10 strategic projects (WAM 13/12/2023)
Environment Agency – Abu Dhabi partners with Khalifa and Harvard universities (WAM 13/12/2023)
Ministry of Economy highlights key role of amendments to arbitration law in enhancing UAE economy’s competitiveness (WAM 13/12/2023)
Dubai Healthcare City Authority partners with 'The DataFlow' for exclusive platinum verification services (WAM 13/12/2023)
RESET partners with Mismak Properties to achieve substantial energy savings (WAM 13/12/2023)
UAE reveals details of General Policy for Sustainable Aviation Fuel (WAM 13/12/2023)
Dubai Municipality, MBRSC announce Dubai Space Laboratory (WAM 13/12/2023)
Dubai Municipality partners with BESIX Construct, Hitachi Zosen Innova for waste management initiatives (WAM 13/12/2023)
E-buses delivered to Integrated Transport Centre Abu Dhabi (Khaleej Times 13/12/2023)
Dubai’s residential deals hit record highs (Khaleej Times 13/12/2023)
AD Ports Group, Masdar to explore development of green hydrogen hub in KEZAD (Arabian Business 13/12/2023)
UK-based paper bottle firm Cullen targets UAE expansion plans (Arabian Business 13/12/2023)
Dubai real estate business drops as transactions decrease from historic highs in 2023: CBRE report (Arabian Business 13/12/2023)
ADAFSA signs agreements with Khalifa University of Science and Technology, UAE Space Agency (WAM 12/12/2023)
Abu Dhabi Chamber launches Net Zero Transition programme for SMEs and broader business sector (WAM 12/12/2023)
Dubai Municipality, Masdar collaborate on creating value from CO2, waste feedstocks for renewable fuel production (WAM 12/12/2023)
GAL AMMROC, 360-DMG announce strategic collaboration in sustainable aviation upcycling (WAM 12/12/2023)
Suhail Al Mazrouei reveals details of UAE’s fifth National Communication Report (WAM 12/12/2023)
Ministry of Energy & Infrastructure, Tadweer, Masdar City, GIGA Graphene Technologies to develop sustainable GIM Concrete in UAE (WAM 12/12/2023)
ENEC signs MoUs with Moltex FLEX, Ultrasafe Nuclear Corporation to drive its ADVANCE Programme forward (WAM 12/12/2023)
Careem launches fleet of electric delivery bikes in Dubai (The National 12/12/2023)
Dubai non-oil economy improved further in November on new order boost (The National 12/12/2023)
Golub Capital planning UAE presence to raise more funds for private credit investment (The National 12/12/2023)
Inside Dubai's solar park where thousands of panels generate electricity from the desert (Khaleej Times 12/12/2023)
Aldar, Johnson Controls launch new cooling project (Arabian Business 12/12/2023)
ANALYSIS: How the UAE went from a regional hub to a global bastion of stability (Arabian Business 12/12/2023)
Dubai’s Raju Omlet chain draws up massive expansion plans across UAE (Arabian Business 12/12/2023)
Swiss plant-based meat brand Planted to enter UAE with ambitious regional expansion plans (Arabian Business 12/12/2023)
Abu Dhabi hosts global consultation on comprehensive surveillance, response to influenza, respiratory viruses (WAM 11/12/2023)
UAE convenes mini-ministerial meeting on e-commerce and development (WAM 11/12/2023)
Dubai’s thriving real estate market takes centre stage at IPS 2024 (WAM 11/12/2023)
MBZUAI, Silal sign MoU to empower AI innovation in agriculture, food production (WAM 11/12/2023)
Mohammed bin Rashid issues law forming Dubai Investment Fund to oversee government investments (WAM 11/12/2023)
Dubai’s DET launches ‘Dubai Unified Licence’ initiative in collaboration with Dubai Free Zones Council (WAM 11/12/2023)
UAE's SAF Guideline will drive production and boost sustainability (WAM 11/12/2023)
UAE pioneers responsible and sustainable energy sector transformation (WAM 11/12/2023)
ENEC, X-energy partner to explore deployment of advanced nuclear energy technology (WAM 11/12/2023)
How Dubai Autodrome is pushing the pedal on sustainability (Khaleej Times 11/12/2023)
UAE financial news
Abu Dhabi Finance Week 2023 hosts 18,000+ attendees (WAM 14/12/2023)
UAB successfully concludes AED735m, 2-year dual tranche club term loan facility (WAM 14/12/2023)
Green and sustainable financing on upward trajectory: UAE Banks Federation Director-General (WAM 14/12/2023)
Tabreed secures AED600m green revolving credit facility (WAM 14/12/2023)
CBUAE revokes licence and registration of Cogent Insurance Broker (WAM 14/12/2023)
Mubadala-backed Andalusia Labs secures $48m Series A funding (Arabian Business 14/12/2023)
UAE GDP growth to double in 2024: report (Arabian Business 14/12/2023)
CBUAE maintains Base Rate at 5.4% (WAM 13/12/2023)
CBUAE joins AFAQ Payments System (WAM 12/12/2023)
PureHealth IPO receives staggering demand, gross orders received of AED265b (WAM 12/12/2023)
Nasdaq Dubai welcomes maiden sukuk listing by the Philippines worth US$1b (WAM 12/12/2023)
Green bonds and Sukuk issuances in UAE reach AED15b (WAM 11/12/2023)
UAE mergers and acquisitions news
ADNOC to acquire OCI’s stake in Fertiglobe (WAM 15/12/2023)
ADCB announces sale of 80% stake in Abu Dhabi Commercial Properties to Nine Yards Plus Holding (WAM 14/12/2023)
e& expands presence and operations in Pakistan (WAM 14/12/2023)
IHC's Sirius invests in BWT to boost global water security (WAM 14/12/2023)
IHC subsidiary EasyLease acquires 60% stake in Ripe (Arabian Business 13/12/2023)
GulfNav forms JV company with Monaco-based Scorpion Services (Arabian Business 13/12/2023)
UAE bilateral trade news
Mohamed Al Hussaini meets Irish Minister of Finance (WAM 16/12/2023)
UAE President, President of Türkiye review bilateral ties, regional developments (WAM 16/12/2023)
UAE and Azerbaijan sign a MoU set to facilitate digital infrastructure investments (WAM 15/12/2023)
UAE signs MoU with Kazakhstan to strengthen cooperation in combatting of financial crimes (WAM 15/12/2023)
Hyundai Motor, Mubadala collaborate to explore future business opportunities (WAM 15/12/2023)
ENEC, China National Nuclear Corporation sign MoUs to explore potential collaboration (WAM 15/12/2023)
Abu Dhabi Businesswomen Council, Jordanian Emirati Businesswomen Council enhance cooperation (WAM 15/12/2023)
ADQ and Azerbaijan Investment Holding form joint investment platform (WAM 15/12/2023)
UAE and Mexico sign Memorandum of Understanding and Comprehensive Partnership (WAM 15/12/2023)
Abu Dhabi DoE inks MoU with IEA to advance sustainable energy policy (WAM 14/12/2023)
UAE participates in WTO's General Council in Geneva (WAM 14/12/2023)
Khaled bin Mohamed bin Zayed receives Theyazin bin Haitham Al Said (WAM 13/12/2023)
UAE President receives Theyazin bin Haitham Al Said (WAM 13/12/2023)
DCD delegation visits Republic of Korea to gain insights into social sector impact (WAM 13/12/2023)
ENEC, Terrestrial Energy to collaborate on IMSR plant development and deployment (WAM 13/12/2023)
Abu Dhabi Airports inks MoU with Shanghai Airport Authority (WAM 12/12/2023)
UAE and Czech Republic discuss prospects of cooperation in Africa (WAM 12/12/2023)
EDGE Group receives high-level delegation from Sao Paulo State Government (WAM 12/12/2023)
UAE, Australia to launch negotiations towards Comprehensive Economic Partnership Agreement (WAM 12/12/2023)
ENEC, UK Department for Energy Security and Net Zero sign MoU at COP28 (WAM 11/12/2023)
UAE President and Japanese Prime Minister review bilateral ties (WAM 11/12/2023)
UAE Media Council participates in 6th China-Arab States Broadcasting & Television Cooperation Forum (WAM 11/12/2023)
COP28 UAE
Sustainability initiatives announced at Cop28 (The National 15/12/2023)
‘UAE Consensus’ not only highlights paradigm shift in climate action, but also charts a new course to keep 1.5 within reach: Mariam Almheiri (WAM 14/12/2023)
ENEC, EPRI collaborate on report highlighting nuclear’s role in decarbonisation efforts (WAM 14/12/2023)
UAE Press: Why COP28 deal is about more than just climate change (WAM 14/12/2023)
Outputs of COP28 and “historic” deal make international headlines (WAM 13/12/2023)
COP28 President lauds Parties' success in delivering comprehensive response to Global Stocktake during closing plenary (WAM 13/12/2023)
The UAE Consensus: A Win-Win for All (WAM 13/12/2023)
COP28 delivers historic consensus in Dubai to accelerate climate action (WAM 13/12/2023)
'The UAE Consensus' sets new standards for global climate action (WAM 13/12/2023)
COP28 adopts landmark ‘The UAE Consensus’ on climate change, charting a path towards a sustainable future (WAM 13/12/2023)
New draft of COP28 agreement released (WAM 13/12/2023)
UAE leaders commend Cop28 delegates after deal agreed in Dubai (The National 13/12/2023)
National Experts Programme unveils two whitepapers reflecting COP28 discourse (WAM 12/12/2023)
COP28 witnesses exceptional presence of CEOs, business leaders (WAM 12/12/2023)
GCC has significant financial means to mitigate climate risks, S&P says (The National 12/12/2023)
The Green Zone: A hub for sustainable innovation at COP28 (WAM 11/12/2023)
UAE pioneers responsible and sustainable energy sector transformation (WAM 11/12/2023)
COP28’s Food, Agriculture and Water Day secures major commitments to address climate impacts and keep 1.5C within reach (WAM 11/12/2023)
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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
