UAE Weekly Business News 19/06/23
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UAE Weekly Business News, Issue 141. 19th June 2023.
UAE free zones news
What you need to know about UAE corporate tax and free zone companies (The National 19/06/2023)
Meydan Free Zone: Empowering businesses to grow from Dubai’s dynamic landscape (Arabian Business 19/06/2023)
RAKEZ highlights lucrative business opportunities for Indian investors expanding to UAE (WAM 16/06/2023)
DMCC sees 24% yearly increase in Chinese businesses (WAM 15/06/2023)
Buy a luxury Dubai property and get a free business licence and visa (Arabian Business 15/06/2023)
RAKEZ, Ukrainian Business Council ink MoU to strengthen investment opportunities (WAM 12/06/2023)
UAE employment, visa and Emiratisation news
UAE, ILO sign cooperation agreement to enhance labour inspection capabilities (WAM 19/06/2023)
Majority of UAE professionals optimistic about future of work (The National 19/06/2023)
‘Is there a penalty for declining a job offer after accepting it?’ (The National 18/06/2023)
UAE private sector companies must do more to retain Emirati talent: survey (Arabian Business 17/06/2023)
UAE unemployment insurance: Deadline extension announced (Arabian Business 15/06/2023)
UAE residency: Here are various visas you can get after purchasing a property (Khaleej Times 14/06/2023)
Ministry extends deadline for companies to meet semi-annual Emiratisation targets to 7 July (WAM 13/06/2023)
Most UAE workers are no longer loyal to employers, Michael Page boss says (Arabian Business 13/06/2023)
ENBD Group signs UAE Gender Balance Pledge, solidifying its commitment to gender equality and diversity (WAM 12/06/2023)
UAE business and economy news
Four-day Eid Al Adha holiday announced for private sector (WAM 19/06/2023)
General Civil Aviation Authority, ICAO sign collaboration agreement (WAM 19/06/2023)
UAE shoppers slash toy spending amid global inflation spike (Arabian Business 19/06/2023)
Dubai real estate sales soar, revenue jumps 46% in first half of 2023 (Arabian Business 19/06/2023)
Mohammed bin Rashid inaugurates 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park (WAM 18/06/2023)
Dubai Customs issues several customs policies for trade growth with partners (WAM 18/06/2023)
Dubai Chamber of Digital Economy launches report on 'Dubai’s Venture Capital Ecosystem' (WAM 18/06/2023)
ADDED partners with Valeo to establish automotive technology hub in Abu Dhabi (WAM 17/06/2023)
Prime plot prices rise up to 4 times; here's why (Khaleej Times 17/06/2023)
Why the world’s millionaires are moving to the country (Khaleej Times 17/06/2023)
Dubai records AED2.5b in week-long real estate transactions (WAM 16/06/2023)
EAD rescued 178 Turtles since August 2022 (WAM 16/06/2023)
UAE, World Organisation for Animal Health sign agreement to establish office of the organisation in the country (WAM 16/06/2023)
Reem Al Hashimy visits Argentina as part of Latin America, Caribbean tour (WAM 16/06/2023)
UAE Ambassador meets President of Belgian Senate (WAM 16/06/2023)
Saudi Arabia and UAE emerging as key Middle East gaming markets (The National 16/06/2023)
How industrial service providers can support the UAE's manufacturing agenda (The National 16/06/2023)
UAE's first female astronaut to graduate from Nasa next year (The National 16/06/2023)
Indian insurer Bajaj Allianz Life opens first GCC office in Dubai (Arabian Business 16/06/2023)
Startup Genome and Hub71 launch 2023 Global Startup Ecosystem report (WAM 15/06/2023)
GameExpo Summit to bring together global industry professionals to strengthen Dubai's gaming, esports eco-system (WAM 15/06/2023)
UAE Maritime Week ends with consortium of leading maritime entities (WAM 15/06/2023)
UAE determined to accelerate economic cooperation with various world countries: Ruler of Ras Al Khaimah (WAM 15/06/2023)
Zayed National Museum establishes fund for research into UAE culture and history (WAM 15/06/2023)
DSCE reviews Dubai’s initiatives to support sustainable development (WAM 15/06/2023)
ICBA, FAO strengthen partnership to drive agrifood systems transformation (WAM 15/06/2023)
Ministry of Energy and Infrastructure joins National ICV Programme (WAM 15/06/2023)
Middle East investors 'see diversification potential of digital assets' (The National 15/06/2023)
Sheikh Hamdan announces Dubai 10X Phase 3 ahead of major project launch (Arabian Business 15/06/2023)
Eid Al Adha 2023: Dubai abattoirs prepared to sacrifice 900 animals per hour (Arabian Business 15/06/2023)
Dubai to host the One Health Conference (Arabian Business 15/06/2023)
Dubai to show off futuristic flying taxis as airshow looks to emerging $110b market (Arabian Business 15/06/2023)
Crypto refugees: UAE faces ‘historic opportunity’ as US crackdown on Binance, Coinbase fuels exodus (Arabian Business 15/06/2023)
Dubai Airshow 2023 set to unveil the latest trends in Advanced Aerial Mobility market (WAM 14/06/2023)
Over a million licences registered in UAE in 2022 (WAM 14/06/2023)
Dubai Taxi deploys 600 motorbikes to support delivery service sector (WAM 14/06/2023)
UAE Space Agency calls for private sector participation in Emirates Mission to Asteroid Belt (WAM 14/06/2023)
Ministry of Human Resources and Emiratisation begins implementing 'Midday Break' (WAM 14/06/2023)
Abu Dhabi Chamber discusses private sector policies and methodologies with its sectoral working groups (WAM 14/06/2023)
General Budget Committee’s ninth meeting discusses UAE's draft general budget for 2024 fiscal year (WAM 14/06/2023)
AD Ports Group signs agreement to enhance Abu Dhabi’s digital customs services through ‘ATLP’ (WAM 14/06/2023)
Etihad Airways ramps up Rome flights from November (WAM 14/06/2023)
Abu Dhabi Police strengthens global position as leading provider of innovative services and projects (Abu Dhabi Media Office 14/06/2023)
Maqta Gateway to further simplify digital trade via Advanced Trade and Logistics Platform (Abu Dhabi Media Office 14/06/2023)
UAE invites private sector support to join $1t space industry (Arabian Business 14/06/2023)
UAE President, Mohammed bin Rashid discuss ways to enhance country’s development, wellbeing of its people (WAM 13/06/2023)
Environment Agency – Abu Dhabi issues Decision to regulate recreational fishing in Abu Dhabi (WAM 13/06/2023)
Mansour bin Zayed chairs Ministerial Development Council meeting on initiatives to develop government work eco system (WAM 13/06/2023)
OPEC emphasises UAE's 'capability to withstand global economic challenges' (WAM 13/06/2023)
DEWA commissioned 6 new 132/11kV transmission substations from January to April 2023 (WAM 13/06/2023)
Emirates to offer Premium Economy on routes to India from October (WAM 13/06/2023)
Hamdan bin Zayed reviews construction progress at Plant Genetic Resources Centre in Al Ain (WAM 13/06/2023)
Suhail Al Mazrouei: Policy regulating local energy market will support UAE’s sustainable development (WAM 13/06/2023)
UAE expected to attract 4,500 new millionaires this year (The National 13/06/2023)
UAE leads Mena peers in start-up funding deals below $100m (The National 13/06/2023)
All-electric lorry unveiled in Dubai to hit UAE roads in weeks (The National 13/06/2023)
Dubai powers 39 tunnels, road crossings with LED lights (Khaleej Times 13/06/2023)
Abu Dhabi real estate: Super-rich prepared to spend $2.8m on property, UAE casino attracts investors (Arabian Business 13/06/2023)
New buying, selling rule for property announced in Abu Dhabi (Arabian Business 13/06/2023)
Dubai real estate: Steady growth trajectory in 2023 (Arabian Business 13/06/2023)
Etihad Rail reveals full operations in new viral video (Arabian Business 13/06/2023)
Al Ansari Exchange to open 15 new branches by the end of year (Arabian Business 13/06/2023)
Abu Dhabi reveals new all-electric lorries for green waste management (Arabian Business 13/06/2023)
UAE in space: Human settlement on Mars, growing space tomatoes, interplanetary missions and more plans for $1t sector (Arabian Business 13/06/2023)
Abu Dhabi announces Hudayriyat Island masterplan: Surfing, cycling, urban park, 16km of new beach in giant development (Arabian Business 13/06/2023)
Dubai Chamber of Digital Economy announces new initiative to help tech companies and MNCs set up and scale up in Dubai (WAM 12/06/2023)
Dubai’s Money Laundering Court convicts 30-member gang, seven companies of laundering money (WAM 12/06/2023)
UAE to host WANO Global Biennial General Meeting, first in Arab nation (WAM 12/06/2023)
Dubai's economy has nearly reached its pre-pandemic size, says report (Khaleej Times 12/06/2023)
UAE Financial News
Dubai start-ups' funding doubled in 2022 to $2b (The National 18/06/2023)
13 private joint-stock companies listed in UAE Capital Markets with total capital of AED8.3b (WAM 16/06/2023)
Chaired by Mansour bin Zayed, CBUAE board takes measures to limit impact of interest rate hikes on financial sector (WAM 15/06/2023)
Insiders’ trading prohibition period starts tomorrow: ADX (WAM 15/06/2023)
Tecom Group secures refinancing for existing loan facility at more favourable terms (WAM 15/06/2023)
CBUAE maintains Base Rate at 5.15% (WAM 14/06/2023)
UAE public joint-stock companies' capital reaches AED702b by end of 2022 (WAM 14/06/2023)
UAE banking sector sees AED263 billion in savings deposits until March 2023 (WAM 14/06/2023)
CBUAE issues monetary, banking, and financial markets developments report for Q1, 2023 (WAM 12/06/2023)
UAE Mergers & Acquisitions news
Al Fattan Holding Investment signs $20m investment with LTechUVC (Khaleej Times 19/06/2023)
Emirates Stallions Group, Q Holding form AED320m Joint venture development project (WAM 15/06/2023)
UAE bilateral trade news
UAE, Qatar announce restoration of diplomatic representation (WAM 19/06/2023)
UAE President and President of Malta discuss strengthening bilateral ties (WAM 19/06/2023)
Abdullah bin Zayed, Italian FM discuss promoting cooperation (WAM 18/06/2023)
President of Malta arrives in UAE (WAM 18/06/2023)
Bodour Al Qasimi announces opening of PublisHer chapter in Republic of Korea (WAM 18/06/2023)
Strategic partnership between UAE and Brazil on the agenda as Reem Al Hashimy commences official visit (WAM 18/06/2023)
Mariam Almheiri urges G20 to back 'Global Framework on Agriculture, Food Systems, and Climate' at upcoming UN Food Systems Summit (WAM 18/06/2023)
UAE President received by King of Bahrain at his Abu Dhabi residence (WAM 17/06/2023)
UAE participates in a seminar on 'Advanced Water Management Policies and Technologies, in Korea (WAM 17/06/2023)
Saud bin Saqr meets Russian Deputy Prime Ministers at St. Petersburg International Economic Forum (WAM 16/06/2023)
Reem Al Hashimy visits Paraguay during Latin America, Caribbean tour (WAM 16/06/2023)
UAE Ambassador meets Ministers of Economy & Finance and Foreign Affairs of Republic of Benin (WAM 16/06/2023)
Sinaha Platform participates in St. Petersburg Economic Forum 2023 (WAM 16/06/2023)
Dubai International Chamber opens first European representative office in London (WAM 16/06/2023)
UAE President meets with Ras Al Khaimah Ruler and tours UAE pavilion at St. Petersburg (WAM 16/06/2023)
Abdullah bin Zayed, Deputy Prime Minister and Foreign Minister of Thailand discuss cooperation (WAM 16/06/2023)
UAE President meets Russian President in St. Petersburg, reinforces necessity of continued dialogue and diplomacy (WAM 16/06/2023)
UAE pledges significant US$15 million contribution to UN Women to advance empowerment of women (WAM 16/06/2023)
Shakhboot bin Nahyan receives South African delegation participating in 3rd round of Joint Committee between UAE, South Africa (WAM 16/06/2023)
Shakhboot bin Nahyan meets with President of Comoros (WAM 16/06/2023)
UAE and Canada hold fourth session of joint consular committee (WAM 15/06/2023)
Abdullah bin Zayed, Malaysian PM discuss bilateral relations (WAM 15/06/2023)
UAE Ambassador meets Prime Minister of Yemen (WAM 15/06/2023)
UAE President meets Serbian President in Belgrade to discuss bilateral ties and regional issues (WAM 15/06/2023)
King of Malaysia receives Abdullah bin Zayed (WAM 15/06/2023)
Dubai Customs meets with Turkish delegation to discuss further trade cooperation (WAM 14/06/2023)
On behalf of UAE President, RAK Ruler leads UAE delegation to St. Petersburg International Economic Forum (WAM 14/06/2023)
UAE and Indian officials conclude first joint committee meeting on CEPA (WAM 14/06/2023)
Reem Al Hashimy visits Costa Rica during her Latin America and Caribbean tour (WAM 14/06/2023)
UAE Consulate General opens in Hyderabad (WAM 14/06/2023)
Dubai Land Department participates in inaugural Qatar Real Estate Forum (WAM 14/06/2023)
UAE President and Chad transitional president witness exchange of agreements and MoUs (WAM 14/06/2023)
Digital School inaugurates 66 new digital learning centres, targeting 100,000 students and 1,000 teachers in Mauritania (WAM 14/06/2023)
UAE, Bahrain foster exchange of knowledge, expertise in sustainable development (WAM 14/06/2023)
Abdullah bin Zayed discusses promoting joint cooperation with Vietnamese Prime Minister (WAM 14/06/2023)
Philippines to strengthen innovation, technology ties with UAE ahead of 50th anniversary of relations (WAM 14/06/2023)
UAE and Malta exchange experiences in Anti-Money Laundering and Countering Financing of Terrorism (WAM 14/06/2023)
UAE Executive Office of AML/CTF participates in Eurasian Group Plenary in Almaty (WAM 14/06/2023)
Abdullah bin Zayed, Korean Foreign Minister jointly chair inaugural bilateral strategic dialogue (WAM 13/06/2023)
Etihad Credit Insurance, KazakhExport ink MoU to boost trade ties between UAE and Kazakhstan (WAM 13/06/2023)
Etihad Credit Insurance, KazakhExport ink MoU to boost trade ties between UAE and Kazakhstan (WAM 12/06/2023)
Emirates, Kenya Airways enter interline partnership to offer more travel options between Africa and Middle East (WAM 12/06/2023)
UAE attends Second Ministerial Meeting of Arab League and Pacific Small Island Developing States (WAM 12/06/2023)
President of Tatarstan meets UAE's delegation to International Forum of Education Ministers in Kazan (WAM 12/06/2023)
Shakhboot bin Nahyan meets President of Mauritius (WAM 12/06/2023)
UAE Consul General visits Albany in New York to reinforce economic, cultural cooperation (WAM 12/06/2023)
UAE holds second round of negotiations with Russia on agreement for avoidance of double taxation (WAM 12/06/2023)
UAE and India celebrate one year of CEPA, review latest trade data (WAM 12/06/2023)
UAE is vital gateway for Korean startups to enter new markets in MENA region (WAM 12/06/2023)
UAE and South Korea discuss strengthening of economic and investment cooperation (WAM 12/06/2023)
UAE and Ukraine explore economic, investment cooperation prospects (WAM 12/06/2023)
UAE Foreign Minister, Japan's Minister of Economy explore strategic partnership (WAM 12/06/2023)
Masdar signs roadmap for up to 1GW Wind Power Project in Kazakhstan (WAM 12/06/2023)
WAM signs MoU with Serbia’s Tanjug news agency to bolster news exchange (WAM 12/06/2023)
First day of Arab-China conference sees signing of 30 deals worth $10b (WAM 12/06/2023)
Leading up to COP28 in the UAE (30th November - 12th December 2023)
Expert panel highlights key role of women leaders in climate agenda (WAM 18/06/2023)
Participation of DSCE, DEWA, WGEO in previous COPs, major strides towards UAE’s leadership in sustainability (WAM 18/06/2023)
Beijing's UN representative expresses China's support for UAE's hosting of COP28 (WAM 16/06/2023)
GCC nations rally behind COP28 UAE to drive pragmatic and transformational climate progress (WAM 13/06/2023)
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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
