UAE Weekly Business News 20/11/23
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UAE Weekly Business News, Issue 163. 20th November 2023.
UAE free zones news
ADIO expands Abu Dhabi’s SAVI cluster with Ascendance and Manta Aircraft (WAM 17/11/2023)
Ansett launches Dubai training centre at the Mohammed bin Rashid Aerospace Hub (Khaleej Times 17/11/2023)
Mohammed bin Rashid Aerospace Hub signs agreement with UUDS to open third facility at Dubai South (Khaleej Times 17/11/2023)
ADGM continues growth in asset management sector in Q3 2023 (WAM 16/11/2023)
ADGM and MBZUAI ink MoU to advance artificial intelligence for regulatory compliance (WAM 16/11/2023)
ADGM Office of Data Protection publishes Addendum to EU Standard Contractual Clauses (WAM 15/11/2023)
flydubai announces plans for US$190m MRO facility in Dubai South (WAM 15/11/2023)
SRTI Park and UAE Space Agency sign a cooperation agreement (WAM 14/11/2023)
AC Milan opens Dubai office as it plans Middle East expansion (Arabian Business 13/11/2023)
UAE employment, visa and Emiratisation news
‘Does UAE law protect me from workplace bullying?’ (The National 19/11/2023)
Abu Dhabi Pension Fund amends retirement law and introduces new benefits (WAM 17/11/2023)
GPSSA announces issuance of new Federal Decree Law on Pension (WAM 17/11/2023)
President issues Federal Decree appointing Under-Secretary of MOHRE For Emiratisation (WAM 16/11/2023)
Over 6.6m subscribe to Unemployment Insurance Scheme (WAM 15/11/2023)
UAE warns of visa ban over job loss insurance fines (The National 15/11/2023)
How to get a job in Dubai: 8 simple steps to secure a high-paying role (Arabian Business 15/11/2023)
UAE will deduct $109 from salaries of uninsured workers (Arabian Business 15/11/2023)
Ethmar International Holding, Nafis to promote Emiratisation and talent development (WAM 14/11/2023)
UAE Green Residence Visa: How to apply for the freelance, self-employed visa (Arabian Business 14/11/2023)
UAE business and trade news
Dubai Customs logs 13% growth in transactions in first nine months of 2023 (WAM 19/11/2023)
Ministry of Economy holds a dialogue with UAE gold refineries on due diligence regulations for responsible supply of gold (WAM 19/11/2023)
Economic Integration Committee reviews UAE’s file on mutual evaluation with FATF, role of local economic departments in developing IP ecosystem (WAM 19/11/2023)
Mariam Almheiri launches 'Ne’ma' Food Loss and Waste Reduction Roadmap to reduce food waste in UAE by 50% by 2030 (WAM 19/11/2023)
UAE business licences approach one million in first half of 2023 (The National 19/11/2023)
Sheikh Mohammed warns UAE officials to improve performance or face sack (Arabian Business 19/11/2023)
Dubai road improvement to slash journey time on major road from 8 minutes to just 1 (Arabian Business 19/11/2023)
Abu Dhabi real estate sector sees massive 367% climb in off-plan sales value (Arabian Business 19/11/2023)
EDB underscores commitment to growing UAE's solar power market (WAM 18/11/2023)
MENA Solar Conference 2023 explores latest developments in silicon PV-based technologies (WAM 18/11/2023)
Dubai property at 10-year high with $9.7b Q3 off-plan sales (Arabian Business 18/11/2023)
EDGE to begin prototype production of machined aluminium and assembly parts for Raytheon (WAM 17/11/2023)
EDGE enters partnership with Thales for precision engineering services (WAM 17/11/2023)
EDGE signs MoU with Calidus to integrate smart weapons onto B-250 (WAM 17/11/2023)
AED23b worth of total deals signed during Dubai Airshow 2023: Tawazun Council (WAM 17/11/2023)
Barakah: A continuous journey to reduce carbon footprint and promote sustainability (WAM 17/11/2023)
MBRSC concludes successful participation at Dubai Airshow 2023 (WAM 17/11/2023)
Third Investopia Summit in Abu Dhabi to kick off in February 2024 (WAM 17/11/2023)
Dubai's weeklong real estate transactions record over AED11.4b (WAM 17/11/2023)
FANR issues Operating License for Unit 4 of Barakah Nuclear Power Plant (WAM 17/11/2023)
Eleventh UAE International Orthopedic Congress discusses latest global orthopaedic trends (WAM 17/11/2023)
ADSB, ADNOC Logistics & Services partner to enhance in-country value with construction of two vessels (WAM 17/11/2023)
Cleveland Clinic Abu Dhabi ranked as top smart hospital in UAE and GCC by Newsweek (WAM 17/11/2023)
ADSB to integrate MANSUP missile on Fast Attack Vessel for NAVDEX 2025 (WAM 17/11/2023)
Abu Dhabi to host ‘VIV MEA’ with over 500 global suppliers' participation (WAM 17/11/2023)
Department of Community Development to host Social Sector Business Forum 2023 (WAM 17/11/2023)
UAE Press: Why the Dubai Airshow is about more than just aviation (WAM 17/11/2023)
How Dubai Airshow showed aviation is flying high again (The National 17/11/2023)
UAE flights: Free city check-in for some passengers in Abu Dhabi (Khaleej Times 17/11/2023)
Khaled bin Mohamed bin Zayed, Hamdan bin Mohammed launch Sirb implementation phase driven by UAE industrial sector (WAM 16/11/2023)
30 tech companies from 13 countries present 300 projects in DCAI’s accelerator programme (WAM 16/11/2023)
WETEX and DSS 2023 shine spotlight on sustainable agriculture (WAM 16/11/2023)
GAL AMMROC signs agreement with Archer Aviation at Dubai Airshow 2023 (WAM 16/11/2023)
EDGE entity HALCON signs contract with AR Engineering for digital twin solutions (WAM 16/11/2023)
EDGE receives order from Ministry of Defence for 100 REACH-S unmanned aircraft (WAM 16/11/2023)
EDGE awarded AED239m contract to supply unmanned aerial systems to Ministry of Defence (WAM 16/11/2023)
UAE Air Force to acquire trainer aircraft from Calidus Aerospace (WAM 16/11/2023)
UAE Space Agency participates in series of discussions at Aerospace 2050 on sidelines of Dubai Airshow 2023 (WAM 16/11/2023)
Mariam Almheiri unveils UAE's net zero 2050 national strategy (WAM 16/11/2023)
Hazza bin Zayed inaugurates world’s largest single-site solar power plant ahead of COP28 (WAM 16/11/2023)
EDGE expands global VTOL capabilities with first major sale of HT-100 unmanned helicopters (WAM 16/11/2023)
Tawazun Council unveils 'Project Bank' to accelerate innovation in defense sector (WAM 16/11/2023)
ADJD complete first notary transaction in English (WAM 16/11/2023)
Abu Dhabi Quality and Conformity Council implements Rasid wastewater monitoring platform (Abu Dhabi Media Office 16/11/2023)
Sanad inaugurates SAMENA region’s first certified CFM LEAP Engine Maintenance, Repair and Overhaul (MRO) centre in Abu Dhabi (Abu Dhabi Media Office 16/11/2023)
Net-zero school to open in Abu Dhabi's Masdar City next year (The National 16/11/2023)
Bayanat to leverage AI to power Abu Dhabi's urban planning agenda (The National 16/11/2023)
Airbus clinches last-minute deal with Emirates at Dubai Airshow (The National 16/11/2023)
Top 10 IT consulting companies in Dubai 2024 (Khaleej Times 16/11/2023)
Middle East economic growth expected around 3% next year (Khaleej Times 16/11/2023)
UAE will create 200,000 new jobs with Net Zero 2050 strategy (Arabian Business 16/11/2023)
Dubai real estate: How much money do landlords make on property? (Arabian Business 16/11/2023)
Q Properties awards a AED584m contract to Trojan General Contracting for Reem Hills Phase 1 twin villas (WAM 15/11/2023)
UAE Cyber Security Council launches Cyber Defense Day (WAM 15/11/2023)
EDGE and UAE Ministry of Defence seal landmark deal for MANSUP Systems (WAM 15/11/2023)
Bayanat, Yahsat, and ICEYE expand SAR satellite fleet to seven spacecraft covering the Middle East (WAM 15/11/2023)
Miral announces massive Yas Waterworld expansion (WAM 15/11/2023)
All 28 airlines now operating from Terminal A following completion of transition phase (WAM 15/11/2023)
ADNEC to host Abu Dhabi Agriculture and Food Security Week and Abu Dhabi International Food Exhibition (WAM 15/11/2023)
EDGE Awarded AED4.1b contract to supply munitions to the Ministry of Defence (WAM 15/11/2023)
Abu Dhabi University and Xanadu Quantum Technologies forge strategic partnership to advance quantum education (WAM 15/11/2023)
Strategic Development Fund, Dronamics partner to launch manufacturing JV for Black Swan Cargo Drone (WAM 15/11/2023)
Emirates signs agreements with Safran totalling $1.2b (WAM 15/11/2023)
EDGE's Etimad, ELT Group set roadmap for electronic warfare systems logistics hub (WAM 15/11/2023)
ENOC Group unveils world’s first ‘ENOC Link Solar-Powered Truck’ at WETEX (WAM 15/11/2023)
EDGE, Leonardo collaborate for systems integration in airborne and naval domains (WAM 15/11/2023)
EDGE to manufacture and supply multirole fuel tanks for Airbus Defence & Space (WAM 15/11/2023)
Sanad, Thales elevate aviation industry with strategic alliance (WAM 15/11/2023)
UAE Space Agency launches National Space Academy to develop national cadres (WAM 15/11/2023)
Dubai Airports’ 2023 forecast sees DXB soar beyond 2019 traffic to reach 86.8m (WAM 15/11/2023)
Electric air taxi to begin test flights in Dubai next year (The National 15/11/2023)
Online shopping to face generative AI revolution in Middle East (Arabian Business 15/11/2023)
Dubai plans massive new airport (Arabian Business 15/11/2023)
Dubai’s Aramex announces cargo drones under new deal with Dronamics (Arabian Business 15/11/2023)
Abu Dhabi F1: Hotels prices surge up to 800% for race weekend (Arabian Business 15/11/2023)
Emirates enters reciprocal interline partnership with German airline Condor (Arabian Business 15/11/2023)
ADIPEC 2023 breaks records for attendance and commercial deals, generating US$8.8b for the global energy industry (WAM 14/11/2023)
Emirates to build new $950m engineering facility (WAM 14/11/2023)
UAE car industry looks to tackle 'deadly' fake parts market (The National 14/11/2023)
Dubai's Dh374 million road project is 50 per cent complete (The National 14/11/2023)
Emirates airline signs contracts worth $1.2b with France's Safran (The National 14/11/2023)
Growth-focused airlines continue deals spree at Dubai Airshow (The National 14/11/2023)
Emirates airline expects more growth over next six months (The National 14/11/2023)
UAE healthcare sector sees high number of Russian-speaking doctors (Arabian Business 14/11/2023)
From Cavalli to Fendi: Dubai’s branded residences boom takes off as construction pipeline set to double by 2030 (Arabian Business 14/11/2023)
Indian tech turns to Dubai as startup funding, digital economy policies go into force, Dubai Chambers boss says (Arabian Business 14/11/2023)
Emirates IPO: ‘That is the government’s decision,’ says Sheikh Ahmed (Arabian Business 14/11/2023)
flydubai places $11b order for 30 Boeing 787 Dreamliners at Dubai Airshow 2023 (WAM 13/11/2023)
Emirates places $52b wide-body aircraft order at Dubai Airshow 2023 (WAM 13/11/2023)
UAE financial news
UAE corporate tax: What qualifies as intellectual property and patent (The National 20/11/2023)
Abu Dhabi fund exits deal with Russian firm to ‘comply with sanctions’ (The National 17/11/2023)
UAE tax: How to prepare for corporate tax, what you need to know (Arabian Business 17/11/2023)
Tabreed delivers strong growth, with revenue soaring 10% to AED1.8b (WAM 16/11/2023)
UAE influencers must pay tax and register with government or risk 5 years in prison (Arabian Business 16/11/2023)
Zoho’s finance platform records 42% growth in UAE (Arabian Business 16/11/2023)
Dubai Investments reports net profit of AED817.02m for the nine-month period ended September 30, 2023 (WAM 15/11/2023)
DFM organises its second investor roadshow in New York (WAM 15/11/2023)
Mohammed bin Rashid meets with global banking leaders participating in the 2023 International Monetary Conference (WAM 14/11/2023)
ADNIC reports net profit of AED301.9m for the first nine months of 2023 (WAM 14/11/2023)
AD Ports Group delivers record Q3 2023 results with net profit of AED403m, up 20% YoY (WAM 14/11/2023)
ADNOC Gas reports 13% Q-o-Q increase in Q3 2023 net income to $1.1b (WAM 14/11/2023)
Shuaa to liquidate $100m Spac amid market uncertainty (The National 14/11/2023)
Adnoc Drilling third-quarter profit surges 36% on revenue boost (The National 14/11/2023)
Crypto.com handed Dubai licence (Arabian Business 14/11/2023)
Salik’s third-quarter profit jumps on higher revenue (The National 13/11/2023)
Strong travel demand pushes Air Arabia to third-quarter profit (The National 13/11/2023)
Adnoc L&S third-quarter profit jumps on higher revenue (The National 13/11/2023)
Taqa revises 2030 growth target amid earnings boost (The National 13/11/2023)
Dubai Taxi IPO: Shares, prices, dividends, who can buy; all your questions answered (Khaleej Times 13/11/2023)
UAE mergers and acquisitions news
UAE’s Masdar considers 'transformative' acquisitions to expand in US and Europe (The National 14/11/2023)
UAE bilateral trade news
Abdullah bin Zayed, Ugandan FM explore bilateral ties, cooperation (WAM 19/11/2023)
MoEI participates in GMIS Connect – Trieste Roadshow (WAM 18/11/2023)
Sanad, EGYPTAIR MAINTENANCE & ENGINEERING forge partnership to enhance engine MRO capabilities in Egypt (WAM 17/11/2023)
EDGE signs agreement with Roketsan to explore partnerships in smart weapon development (WAM 17/11/2023)
WETEX & DSS 2023 attract 15 companies from South Korea (WAM 17/11/2023)
India’s strong presence at WETEX and Dubai Solar Show highlights bilateral trade opportunities (Arabian Business 17/11/2023)
Italy’s defense, aerospace exports to UAE cross $26m in 2023 (Arabian Business 17/11/2023)
(WAM 16/11/2023)
Dubai International Chamber launches new international representative office in Frankfurt (WAM 15/11/2023)
UAE-Dutch Joint Economic Committee holds second meeting, discusses trade, investment opportunities (WAM 15/11/2023)
Al Sayegh meets Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina (WAM 14/11/2023)
EDGE Group to supply MANSUP Series Anti-Ship Systems to the Brazilian Navy (WAM 14/11/2023)
Mubadala Energy partners with Pertamina Geothermal Energy and Chevron to explore geothermal opportunities in Indonesia (WAM 14/11/2023)
President Sheikh Mohamed welcomes Ugandan leader (The National 13/11/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
Environmental challenges for oil companies are beyond simplistic headlines (The National 20/11/2023)
COP28 boosts green financing; UAE holds 19% of global sustainable bonds: Fitch tells WAM (WAM 19/11/2023)
UAE and Saudi Arabia ranked most active in GCC on climate action (The National 18/11/2023)
Atlantic Council Global Energy Center to hold Global Energy Forum at COP28 (WAM 17/11/2023)
MoIAT to host 38 local and international entities at COP28 as part of its efforts in scaling up climate technologies (WAM 16/11/2023)
Sustainable construction could turn the Gulf’s $2 trillion construction boom into 4.3 million annual jobs and reduce emissions by 60% (WAM 16/11/2023)
UAE companies optimistic of global consensus on renewables at Cop28 (WAM 16/11/2023)
No room for ‘ping pong politics’ on climate pledges, business engagement is a must, says expert (Arabian Business 16/11/2023)
COP28 Green Zone Day passes now available online for 3-12 December (WAM 15/11/2023)
Dr. Mahmoud Mohieldin praises UAE's diligent efforts to host exceptional COP (WAM 15/11/2023)
Hydrogen will play a bigger role in energy, says Dewa chief (The National 15/11/2023)
UAE's climate diplomacy initiatives propel global action towards COP28 objectives (WAM 14/11/2023)
‘PopCOP’ activation launched by Year of Sustainability to extend public participation in COP28 (WAM 14/11/2023)
UAE’s hosting of COP28 shows Arab countries can lead climate negotiations (Arabian Business 14/11/2023)
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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
