UAE Weekly Business News 21/10/2024
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UAE Weekly Business News: Issue 211 published 21 October 2024.
UAE FREE ZONE NEWS
Hamriyah Free Zone ranked second best free zone globally (WAM 21/10/2024)
RAKEZ strengthens business ties with Canada (WAM 21/10/2024)
Abu Dhabi Airports Free Zone signs Musataha agreement with Radius Group to develop AED320m warehousing facilities (Abu Dhabi Media Office 21/10/2024)
Ice cream giant to invest $21.8m in Dubai Industrial City factory (Arabian Business 21/10/2024)
Dubai Free Zones Model 2030 Supports Dubai Economic Agenda D33 (Government of Dubai Media Office 20/10/2024)
Dubai Studio City sees 12% growth in creative talent community as content creators lured by Golden Visa offers and diverse media jobs (Arabian Business 20/10/2024)
Dubai Internet City, India’s Nasscom partner for global innovation (WAM 18/10/2024)
Shams to participate in MIPCOM 2024 exhibition in Cannes, France (WAM 17/10/2024)
RAKEZ highlights opportunities in UAE’s tech sector (WAM 16/10/2024)
Dubai International Financial Centre announces digital assets will and English-language notary service (Arabian Business 16/10/2024)
DIEZ Collaborates with Builder.ai to Boost AI and Quantum Computing at DSO (Government of Dubai Media Office 15/10/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Industrialists Career Exhibition offers over 900 jobs for Emiratis (WAM 21/10/2024)
UAE: Can employees opt for 'visa hold' when switching jobs between emirates? (Khaleej Times 20/10/2024)
UAE visa amnesty ending: Stricter measures, deportations explained (Khaleej Times 20/10/2024)
'Thousands of hours of unpaid service': How three expats got Golden Visa by volunteering (Khaleej Times 19/10/2024)
UAE's new visa-on-arrival rule for Indians will bring in more tourists (Khaleej Times 19/10/2024)
UAE: These expats quit jobs with over Dh10,000 salary; here’s why (Khaleej Times 19/10/2024)
Emirati Human Resources Development Council, Dubai Customs sign MoU to boost Emiratisation in private sector (WAM 18/10/2024)
MoHRE launches 'Labour Market Simulation Model' to enhance decision-making efficiency (WAM 18/10/2024)
UAE jobs: Microsoft, partners to hire for over 150,000 vacancies (Khaleej Times 18/10/2024)
UAE offers visa-on-arrival, longer stay periods to more Indians (Khaleej Times 17/10/2024)
IACAD launches new community initiative to support Emirati women in entrepreneurship (WAM 16/10/2024)
Etihad Airways opens registration for UAE National Cadet Pilot Programme 2025 (Abu Dhabi Media Office 16/10/2024)
UAE: Citizenship, Golden Visa offered to attract 'talented people' to stay in country (Khaleej Times 16/10/2024)
UAE introduces 30-day e-visa extension for GCC residents (Khaleej Times 15/10/2024)
UAE jobs: AI-powered recruitment surges 90% as tech firms look to hire top talent (Arabian Business 15/10/2024)
Emirates Institute of Finance signs 4 MoUs to enhance national workforce competencies (WAM 14/10/2024)
UAE BUSINESS NEWS
Emirates orders 5 additional Boeing 777 freighters (WAM 21/10/2024)
Dubai to host Healthcare Future Summit 2024 from 29-31 October (WAM 21/10/2024)
UAE plays pivotal role in enhancing food security, sustainability (WAM 21/10/2024)
Opul Jets launches in Dubai (Khaleej Times 21/10/2024)
Dubai real estate market to add 90,000 new homes in 2 years; fastest-growing areas revealed (Arabian Business 21/10/2024)
Dubai Chambers, du partner to digitally empower business community (WAM 20/10/2024)
Sheikh Hamdan announces $106m Dubai rural development investments with outdoor cinema, luxury camping, new cycle routes, kayaking, hot air balloons hiking trails and safaris (Arabian Business 20/10/2024)
Dubai real estate sector recorded $4.8b of transactions last week (Arabian Business 20/10/2024)
UAE emerges as leading regional hub for start-ups (WAM 19/10/2024)
GITEX GLOBAL concludes, reinforcing its status as the world’s largest and most dominant technology event (WAM 19/10/2024)
e& UAE, DoH collaborate to enhance connectivity of healthcare facilities on 'Sahatna' app (WAM 19/10/2024)
UAE’s First Palliative Care Conference highlights importance of compassionate end-of-life care (WAM 19/10/2024)
UAE is GCC startup hub 5,600 new firms registered in Q2;Abu Dhabi, Dubai and Sharjah woo entrepreneurs (Arabian Business 19/10/2024)
Dubai real estate: warehouse rents up 13% as industrial sector demand leaps; most sought-after sectors revealed (Arabian Business 19/10/2024)
'President's Initiatives’ approves water dams, canal projects (WAM 18/10/2024)
Schneider Electric launches new manufacturing facility in UAE (WAM 18/10/2024)
Moro Hub becomes new VMware Cloud service provider (WAM 18/10/2024)
du, Core42 collaborate to bolster UAE’s fire safety infrastructure (WAM 18/10/2024)
DoH, Cognizant to revolutionise Abu Dhabi’s digital health ecosystem (WAM 18/10/2024)
GITEX Global puts 5G, AI at forefront of discussions (WAM 18/10/2024)
Second annual ADSCC Bone Marrow Transplant and Cellular Therapy Congress 2024 to take place in Abu Dhabi on October 26-27 (WAM 18/10/2024) Dubai Civil Aviation Authority shows significant growth in drone ecosystem during 2023-2024 (WAM 18/10/2024)
Emirates wins 'World’s Best Airline' (WAM 18/10/2024)
Abu Dhabi Health Data Services partners with Amaze Health to drive international expansion (WAM 18/10/2024)
Abu Dhabi Government pavilion sees 3 civil defence agreements signed on GITEX closing day (WAM 18/10/2024)
Dubai Civil Aviation Authority Shows Significant Growth in Drone Ecosystem during 2023-2024 (Government of Dubai Media Office 18/10/2024)
UAE races to bridge AI talent gap amid major tech investment drive (Arabian Business 18/10/2024)
UAE launches TradeTech Accelerator (WAM 17/10/2024)
UAE Centre for the Fourth Industrial Revolution launches AI in Creative Industries Report (WAM 17/10/2024)
Etihad Airways to offer daily flights to Dusseldorf, Copenhagen starting October 2025 (WAM 17/10/2024)
UAE Cybersecurity Council, ORYXLABS sign MoU (WAM 17/10/2024)
ADJD uses AI to provide notary, attestation services (WAM 17/10/2024)
Abu Dhabi Civil Defence Authority launches Smart Ambulance Services Systems at GITEX Global 2024 (WAM 17/10/2024)
Emirates consolidates commercial portfolios to prime for global growth (Government of Dubai Media Office 17/10/2024)
Dubai population set to reach 4 million by 2026, report says (Khaleej Times 17/10/2024)
UAE travellers to spend more on vacation this year, trends revealed (Arabian Business 17/10/2024)
UAE government, World Economic Forum launch ‘We the UAE 2031’ Strategic Intelligence platform (WAM 16/10/2024)
ne’ma signs MoU with JICE to strengthen international collaboration on food loss, waste reduction (WAM 16/10/2024)
Department of Municipalities and Transport signs 4 strategic MoUs during GITEX Global 2024 (WAM 16/10/2024)
Al Seer Marine secures $80 million financing from BOCOM Leasing for MR Tankers Betelgeuse, Bellatrix (WAM 16/10/2024)
'Our infrastructure enables rapid flow of data into AI systems, allowing us to deploy them faster than others,' Al Olama tells Global Future Councils (WAM 16/10/2024)
UAE among fastest nations to deploy AI (WAM 16/10/2024)
ADAA signs agreement with SAP to adopt RISE with SAP platforms (WAM 16/10/2024)
Presight launches ‘Datahub’ platform (WAM 16/10/2024)
Burjeel Holdings opens 9 new primary care clinics (WAM 16/10/2024)
Abu Dhabi Mobility signs MoU with Presight AI Technologies (WAM 16/10/2024)
Abu Dhabi to become world's second Sphere location (WAM 16/10/2024)
Global Village opens gates to Season 29 (WAM 16/10/2024)
Versace Home opens new flagship location in Dubai (Arabian Business 16/10/2024)
Expedia reveals top 2025 travel trends for UAE and global tourists (Arabian Business 16/10/2024)
UAE’s tourism sector predicted to see a massive surge; to drive $100b contribution to economy (Arabian Business 16/10/2024)
Dubai and Doha feature in new city competitive tracker, praised for business environment (Arabian Business 16/10/2024)
Dubai announces 2024-2029 legislative strategy; plan will promote transparent laws and balance economic, societal and environmental concerns (Arabian Business 16/10/2024)
e&, AWS ink $1b-plus agreement in new strategic alliance (WAM 15/10/2024)
UAE global leader in AI (WAM 15/10/2024)
Expo City Dubai partners with Ticketmaster Middle East to amplify its live event experiences (WAM 15/10/2024)
Presight, SwissAI sign MoU to revolutionise urban planning through AI-powered solutions (WAM 15/10/2024)
Three new companies specialised in clean energy technology join UAE’s NextGenFDI Initiative (WAM 15/10/2024)
Dubai Taxi, Bolt partner to create UAE’s largest e-hailing platform (WAM 15/10/2024)
7X, Urbi sign MoU to enhance logistics operations (WAM 15/10/2024)
M42’s Capital Health Screening Centre performs 2,000 AI-assisted chest X-rays daily (WAM 15/10/2024)
Masdar, Presight sign agreement to develop AI asset management tool (WAM 15/10/2024)
ADAFSA launches new fodder market application (WAM 15/10/2024)
Yas, Saadiyat Islands see significant increase in visitors, hotel occupancy during summer (WAM 15/10/2024)
ADREC starts mandatory training for Abu Dhabi real estate professionals (Arabian Business 15/10/2024)
Billion-dollar telco VEON announces plan to relocate to Dubai (Arabian Business 15/10/2024)
Etihad Rail announces Abu Dhabi to Dubai journey details, more key UAE train times revealed (Arabian Business 15/10/2024)
Borouge transports over 700,000 tonnes of products in first year of Etihad Rail agreement (WAM 14/10/2024)
UAE attracting entrepreneurs with Golden Visa offers, competitive tax rates, over 60 amended laws and free zones (Arabian Business 14/10/2024)
Etihad Airways carried 1.6m passengers in September; up 35% year-on-year (Arabian Business 14/10/2024)
Dubai announces Sky Map to track planes, cranes and automated mobiles (Arabian Business 14/10/2024)
UAE FINANCIAL NEWS
Lulu Retail Holdings announces intention to float on ADX (WAM 21/10/2024)
Finance House to inject AED300 million into Abu Dhabi capital market (WAM 21/10/2024)
RAKBank's nine-month net profit soars 25% (Khaleej Times 21/10/2024)
FAB reports net profit of AED12.9b for 9M ’24 (WAM 18/10/2024)
Project Aperta: UAE joins cross-border finance scheme as it looks to boost SME trade worldwide (Arabian Business 18/10/2024)
Emirates Islamic delivers its highest ever profit of AED2.5b up 52% y-o-y in the first nine months of 2024 (Government of Dubai Media Office 17/10/2024)
Emirates NBD delivers record AED19b profit in 9M ’24, up 9% y-o-y (Government of Dubai Media Office 17/10/2024)
Further rates cuts to hit most GCC banks’ earnings (Khaleej Times 17/10/2024)
MENAP fintech Abhi secures $15m debt financing led by Shorooq Partners, Amplify Growth Partnership (Arabian Business 17/10/2024)
ECI, MIGA sign agreement to boost cooperation in FDI activities (WAM 16/10/2024)
ADNH Catering raises AED864m in IPO (WAM 16/10/2024)
Federal Tax Authority continues to raise awareness about compliance with Corporate Tax Law (WAM 16/10/2024)
ADX signs MoU with ADIB Securities to develop integrated digital onboarding platform (WAM 16/10/2024)
UAE GDP projected to grow by 4.1% in 2025: World Bank (WAM 16/10/2024)
Federal Tax Authority, Dubai Land Department to enhance tax compliance for real estate, commercial land sales (WAM 15/10/2024)
in5 start-ups raise AED7.8b in funding milestone (WAM 14/10/2024)
UAE M&A NEWS
ADNEC Group signs definitive agreements to acquire 'Royal Catering' (WAM 21/10/2024)
TECOM Group completes acquisition of Office Park in Dubai Internet City for AED720m (Government of Dubai Media Office 21/10/2024)
ADNOC completes acquisition of majority stake in Fertiglobe, increasing its shareholding to 86.2% (WAM 15/10/2024)
ADQ, Bank Audi sign definitive agreement to acquire 96% of Odea Bank (WAM 15/10/2024)
UAE BILATERAL TRADE NEWS
UAE, Russian Presidents discuss strategic partnership (WAM 21/10/2024)
UAE, Russian Presidents inaugurate Sheikha Fatima bint Mubarak Education Centre at Primakov School in Moscow (WAM 21/10/2024)
UAE participates in WBG, IMF annual meetings in Washington (WAM 21/10/2024)
Estonia strengthens global tech leadership with new UAE partnerships (WAM 21/10/2024)
Tadweer tours Japan to learn waste management techniques (Arabian Business 21/10/2024)
Amna Al Dahak champions green growth, international collaboration during four-day visit to Korea (WAM 20/10/2024)
Korea aims to enhance cooperation with UAE in smart agriculture (WAM 19/10/2024)
UAE President discusses strategic relations with EU in phone call with European Commission President (WAM 19/10/2024)
Aramex to expand footprint in Iraq with new ZK Holding JV (Arabian Business 18/10/2024)
Abu Dhabi’s Alef Education enters KSA with its AI-powered solutions (Arabian Business 18/10/2024)
UAE President to begin official visit to Russia on 21 October to participate in BRICS Summit (WAM 18/10/2024)
UAE unveils Flying Taxi in London (WAM 18/10/2024)
UAE President receives phone call from Indonesian President (WAM 18/10/2024)
UAE trade delegation explores investment and partnership opportunities in Uzbekistan (WAM 17/10/2024)
Abdulla Al Hamed leads National Media Office's delegation participating in DigiMarCon Africa in South Africa (WAM 17/10/2024)
UAE’s DEX Squared Hospitality secures contract for Baghdad’s first 5-star luxury hotel under World Heart brand (Arabian Business 17/10/2024)
UAE participates in BRICS Health Ministers meeting in Moscow (WAM 16/10/2024)
Maktoum bin Mohammed leads UAE delegation to the inaugural GCC-European Union Summit in Brussels (WAM 16/10/2024)
European Parliament President Roberta Metsola receives Reem Al Hashimy, Thani Al Zeyoudi (WAM 16/10/2024)
Masdar, Iberdrola complete wind turbine installation at Baltic Eagle offshore wind farm (WAM 16/10/2024)
India says UAE looking into increase in precious metal exports (Arabian Business 16/10/2024)
Estonia eager to enhance digital cooperation with UAE (WAM 15/10/2024)
UAE participates in Global Logistics Forum 2024 in Riyadh (WAM 14/10/2024)
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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
