UAE Weekly Business News 19/08/2024
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UAE Weekly Business News: Issue 202 published 19 August 2024.
UAE FREE ZONE NEWS
DWTCA Free Zone records strong H1 growth (WAM 19/08/2024)
DMCC seeks to broaden UAE-US trade, investment flows (WAM 19/08/2024)
DMCC Concludes Roadshows in San Francisco and Denver (Government of Dubai Media Office 19/08/2024)
ADGM continues rapid growth, issues 1,271 new licences in H1 2024 (WAM 14/08/2024)
SPC Free Zone, Amazon UAE sign MoU (WAM 13/08/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Global challenges necessitate strengthening of global alliances for humanitarian work: Khalid bin Zayed (WAM 19/08/2024)
UAE labour law changes: Hefty fines to prevent firms from hiring visit visa holders (Khaleej Times 19/08/2024)
UAE jobs: Dubai group to hire 1,000 bike riders, recruitment to run until Thursday (Khaleej Times 19/08/2024)
386 new jobs created by firms in DWTCA Free Zone (Khaleej Times 19/08/2024)
UAE Golden Visa: AED2m properties in Dubai continue to see strong demand (Khaleej Times 18/08/2024)
Up to AED75,000 compensation: Over 5,500 Indian workers in UAE sign up for new insurance scheme (Khaleej Times 16/08/2024)
3 new UAE visa, residency schemes announced since 2021 (Khaleej Times 16/08/2024)
Visa medical screening centre opens in Al Marfa (Khaleej Times 16/08/2024)
UAE Golden Visa: AED30,000 basic salary must for eligible professionals (Khaleej Times 16/08/2024)
Internships in UAE: Work hours, age, job restrictions, rules you need to know (Khaleej Times 15/08/2024)
Why more people are choosing to retire in the UAE (The National 14/08/2024)
UAE: How to get medical fitness certificate for residence visa renewal (Khaleej Times 14/08/2024)
UAE visa amnesty: No travel ban on illegal residents after changing status, say experts (Khaleej Times 14/08/2024)
Dubai real estate agency adds 20 Emirati agents to team (Arabian Business 14/08/2024)
Ambassador emphasises importance of constructive engagement among Pakistani expatriates in UAE (WAM 13/08/2024)
UAE Government issues Federal Decree-Law amending regulation of Employment Relationship Law (WAM 12/08/2024)
UAE BUSINESS NEWS
ADNEC Group gears up for its busiest H2 season of 2024 with a diverse line-up of high-profile events (WAM 19/08/2024)
Flydubai cancels new routes due to Boeing jet delivery delays (The National 19/08/2024)
How India's BluSmart seeks to decarbonise mobility at scale in the UAE (The National 19/08/2024)
Dubai: 10 property owners banned from leasing due to over crowding, safety concerns (Khaleej Times 19/08/2024)
Dubai real estate sector recorded $3.6b of transactions last week (Arabian Business 19/08/2024)
Sustainable mobility startup E Daddy secures $15m funding to boost UAE EV production (Arabian Business 19/08/2024)
Modest activewear brand QYNDA’s approach to market gaps and consumer needs (Arabian Business 19/08/2024)
RTA Completes Construction of 20 Air-Conditioned Rest Areas for Delivery riders (Government of Dubai Media Office 18/08/2024)
Up to AED2,000 fine: 31 Dubai Metro violations that will get passengers penalties (Khaleej Times 18/08/2024)
Dubai court orders company to pay dues in cryptocurrency (Khaleej Times 18/08/2024)
Bayanat, Yahsat launch UAE’s first SAR satellite (WAM 17/08/2024)
Dubai real estate: ENBD REIT sells Remraam Towers to reduce LTV to 49.4% (Arabian Business 17/08/2024)
Dubai Metro: RTA hikes minimum top-up fare for nol card to AED50 (Arabian Business 17/08/2024)
1,553 disputes resolved in H1 2024: ADREC Dispute Settlement Centre (WAM 16/08/2024)
Etihad Airways records 10.4 million passengers Jan-Jul 2024 (WAM 16/08/2024)
MoF launches ‘Digital Consultation’ to support Zero Government Bureaucracy Programme (WAM 16/08/2024)
Air taxi in UAE next year: First aircraft delivered to US Air Force for evaluation (Khaleej Times 16/08/2024)
MENA business travel rebounds with an 11.2% growth projection for 2024 (Arabian Business 16/08/2024)
Dubai hotel announces major events makeover as it eyes $10b MICE market (Arabian Business 16/08/2024)
ADDED includes 30 new activities to ‘Freelancer Licence’ (WAM 15/08/2024)
Customer happiness reached 96% in H1 2024: Ministry of Finance (WAM 15/08/2024)
Business aviation movements at Dubai south continue to grow, record 7% increase in H1 2024 (WAM 15/08/2024)
Travel ban: UAE announces new rules to lift bans, reduce requirements (Arabian Business 15/08/2024)
Dubai’s RTA announces new outdoor advertising guidelines (Arabian Business 15/08/2024)
ADREC announces H1 record-breaking FDI in Abu Dhabi's real estate sector at AED3.28b (WAM 14/08/2024)
Indian businesses top list of new companies joining Dubai Chamber of Commerce in H1 2024 with 7,860 (WAM 14/08/2024)
Emirates Association for Franchise Development holds inaugural meeting, discusses new articles of association (WAM 14/08/2024)
Etihad Cargo achieves double-digit growth in H1 2024 (WAM 14/08/2024)
IGCF 2024 brings together global experts to explore innovative communication strategies (WAM 14/08/2024)
Abu Dhabi Customs completes project to equip sea customs centers with 5 advanced devices (WAM 14/08/2024)
Empower customers' District Cooling consumption increased by 20%, and contracts grew by 44% in H1, 2024 (Government of Dubai Media Office 14/08/2024)
Abu Dhabi real estate attracts 225% jump in foreign investment in H1 2024 (Arabian Business 14/08/2024)
UAE set to be at the forefront of impending logistics sector transformation, says industry expert (Arabian Business 14/08/2024)
UAE self-gifting surges 15% as consumers seek emotional support, study reveals (Arabian Business 14/08/2024)
Etihad announces Abu Dhabi to Mumbai with A380 plane (Arabian Business 14/08/2024)
S&P expects UAE's Takaful insurance sector to grow 20% in 2024 (WAM 13/08/2024)
Khalifa University launches Bachelor of Science programme in Robotics and Artificial Intelligence (WAM 13/08/2024)
UAE President meets with Emirati industrial professionals and leaders, reviews 'Industrialists Programme' progress (WAM 13/08/2024)
TDRA inaugurates implementation of ICT Regulatory Sandbox (WAM 13/08/2024)
Dubai to host MEBAA airline show in December (WAM 13/08/2024)
DEWA commissions 558 11kV distribution substations in H1 2024 (WAM 13/08/2024)
Department of Health – Abu Dhabi announces more than 800 organ transplants performed in emirate (WAM 13/08/2024)
Dubai Maritime Authority, Gulf Craft for providing marine crafts’ registration services (WAM 13/08/2024)
Empower starts constructing Deira Waterfront district cooling plant (Arabian Business 13/08/2024)
GCC retail boom: 6 steps Gulf cities need to take to cash in on $300b shopping bonanza (Arabian Business 13/08/2024)
World Organ Donation Day: Cleveland Clinic Abu Dhabi performed 664 life-saving transplants since 2017 (WAM 12/08/2024)
UAE economy continues robust growth across real estate, tourism, manufacturing: OPEC (WAM 12/08/2024)
DGHR organises second edition of Human Resources Forum for 2024 (WAM 12/08/2024)
UAE FINANCIAL NEWS
DP World's revenue grew by 3.3% to $9,335m in HI 2024 (WAM 15/08/2024)
UAE Central Bank announces M-Bills auction on 19 August (WAM 15/08/2024)
Julphar reports sales of AED883.1m for H1 of 2024 (WAM 15/08/2024)
Etihad Rail launches its Sustainable Finance Framework for green investments in transportation, infrastructure (WAM 14/08/2024)
TAQA Group reports AED4.4b net income for H1 2024 (WAM 14/08/2024)
Bayanat reports revenue of AED273m in H1 2024 (WAM 14/08/2024)
UAE IPOs raise $890m in Q2 2024 (WAM 14/08/2024)
UAE foodtech startup MealPlanet secures $6m funding, eyes Saudi expansion (Arabian Business 14/08/2024)
FTA issues public clarification on first period of Corporate Tax (WAM 13/08/2024)
ADNOC Drilling to be added to MSCI’s flagship indexes on August 30 (WAM 13/08/2024)
UAE national banks provided AED49.5b in credit facilities to private sector in 5 months, up 4.5% (WAM 13/08/2024)
Response Plus Holding revenue surges 24% in H1 2024 (WAM 13/08/2024)
Yalla Group’s H1 revenue grows 4.7% to AED587.3m (WAM 13/08/2024)
AD Ports Group reports 42% growth in total net profit in Q2-24 (WAM 13/08/2024)
Salik's H1 2024 net profit reaches AED544.8m (WAM 13/08/2024)
UAE clarifies tax payment rules (Arabian Business 13/08/2024)
ADNOC’s listed companies post combined AED89b H1 2024 revenue (WAM 12/08/2024)
Waha Capital secures new $400m revolving credit facility (WAM 12/08/2024)
Air Arabia reports H1 net profit of AED693m (WAM 12/08/2024)
E7 Group reports H1 2024 net profit growth of 93%; EBITDA up 4% (WAM 12/08/2024)
UAE M&A NEWS
Meteora acquires DIFC-based real estate crowdfunding platform (Khaleej Times 18/08/2024)
UAE BILATERAL TRADE NEWS
Dubai Police, Oxford Nanopore Technologies Join Forces in Education, Training, and R&D (Government of Dubai Media Office 19/08/2024)
British International Investment commits up to $35m alongside DP World into the Democratic Republic of the Congo’s first deepwater container port (Government of Dubai Media Office 19/08/2024)
Masdar and Infinity Power to develop 200-megawatt wind farm in Egypt (The National 19/08/2024)
Shakhboot bin Nahyan meets Ethiopian Foreign Minister, witnesses signing ceremony of renewable energy agreement (WAM 18/08/2024)
Dubai Chambers to organise Dubai Business Forum – China to boost economic, investment ties (WAM 16/08/2024)
UAE joins BRICS partners to launch Centre for Industrial Competences (WAM 16/08/2024)
Chinese businesses continue to view Dubai as the ideal launchpad for companies seeking to grow and expand globally (Government of Dubai Media Office 16/08/2024)
DFM, Shenzhen Stock Exchange sign MoU to strengthen cross-border financial collaboration (WAM 15/08/2024)
Dubai Chambers signs MoU with Bank of China to support investors and enhance bilateral trade (WAM 15/08/2024)
Arada marks international debut with AED6b projects in Australia (WAM 15/08/2024)
Abu Dhabi Sustainable Water Solutions-led consortium to develop Uzbekistan's largest wastewater treatment plant (WAM 14/08/2024)
dnata secures Thai Airways catering contract in Milan (Government of Dubai Media Office 14/08/2024)
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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
