UAE Weekly Business News 22/04/2024
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UAE Weekly Business News: Issue 185 published 22nd April 2024.
UAE FREE ZONE NEWS
UAE VISA NEWS (inc. employment, Emiratisastion, human resources, training and women)
DGHR signs partnership agreement with OECD (WAM 22/04/2024)
Dubai: 'No visa overstay fines' for those whose flights got cancelled due to rains (Khaleej Times 22/04/2024)
UAE remote working: Covid-19 rule changes, visa updates and mass digital adoption offer ‘safety valve’ for employers (Arabian Business 21/04/2024)
(WAM 19/04/2024)
Department of Health – Abu Dhabi rolls out fines for late health insurance renewals via TAMM Platform (WAM 18/04/2024)
UAE's tourism sector will create over 23,000 new jobs in 2024 (The National 17/04/2024)
The top 15 companies to work for in the UAE, according to LinkedIn (The National 16/04/2024)
My Dubai Salary: ‘I earn AED40,000 a month as an entrepreneur’ (The National 15/04/2024)
MOHRE urges private companies to follow safety rules to protect workers (Arabian Business 21/04/2024)
UAE BUSINESS NEWS
Dubai Chamber of Digital Economy attracted 9 MNCs with AED304b combined value in 2023 (WAM 22/04/2024)
ADAFSA organises first-of-its-kind regional conference on combating food fraud (WAM 22/04/2024)
Digital Procurement Platform registered 24,789 suppliers in Q1: MoF (WAM 22/04/2024)
Dubai’s private higher education institutions register 12% annual enrolment growth: KHDA (WAM 22/04/2024)
du launches 'du Pay' (WAM 22/04/2024)
Ministry of Economy to launch ‘National Forum for SMEs - Government Procurement’ tomorrow (WAM 22/04/2024)
Dubai Supreme Council of Energy and Dubai Land Department enhance sustainability in Dubai’s real estate sector (Government of Dubai Media Office 22/04/2024)
Moro Hub and Kaspersky Sign MoU for Collaborative Cybersecurity Defense (Government of Dubai Media Office 22/04/2024)
Department of Municipalities and Transport launches AI solutions to streamline building permit processes in the emirate (Abu Dhabi Media Office 22/04/2024)
Khalifa University of Science and Technology and Silal to create Centre of Excellence for Agri-Robotics and Automation (Abu Dhabi Media Office 22/04/2024)
A closer look at Masdar City's futuristic sustainable urban solutions (The National 22/04/2024)
Dubai real estate: Palm Jumeirah villas see highest rent price surge of 63% in Q1 2024 (Arabian Business 22/04/2024)
Leveraging evolving trends in retail to drive sustainable growth (Arabian Business 22/04/2024)
UAE theme parks rival Orlando in scope, with giant potential market of 3b visitors (Arabian Business 22/04/2024)
Empower to provide district cooling to the iconic Al Wasl Tower (Arabian Business 22/04/2024)
UAE insurance firms brace for ‘influx’ of claims as cars damaged, abandoned in heavy rain, floods (Arabian Business 22/04/2024)
Second Industrialists Career Exhibition launches in Abu Dhabi (WAM 21/04/2024)
British Airways resumes daily flights between Abu Dhabi, London (WAM 21/04/2024)
Dubai family business survey highlights focus on growth, technology adoption (WAM 21/04/2024)
Investors from 145 countries to seek investment opportunities during the 2024 AIM Congress in May in Abu Dhabi (WAM 21/04/2024)
Department of Community Development shares findings from 4th Quality of Life Survey (Abu Dhabi Media Office 21/04/2024)
UAE set to exceed Cepa target (Khaleej Times 21/04/2024)
HNWI surge set to propel Dubai’s ultra-luxury realty to new heights (Khaleej Times 21/04/2024)
Next generation of Dubai family businesses seek new sectors (Khaleej Times 21/04/2024)
UAE mortgages: Non-residents constitute up to 40% of bookings, $22m loans available (Arabian Business 21/04/2024)
Dubai real estate: sales prices up 44%, rents up 64% as secondary sales market steadies (Arabian Business 21/04/2024)
Hamdan bin Mohammed approves series of initiatives to mitigate impact of severe weather in Dubai (WAM 20/04/2024)
Department of Municipalities and Transport continuing to mitigate impact of weather conditions across emirate (WAM 20/04/2024)
Emirates' regular flight schedules restored (WAM 20/04/2024)
flydubai resumes operating its full flight schedule (WAM 20/04/2024)
DEWA launches the second edition of its technical infrastructure manual (WAM 20/04/2024)
(WAM 20/04/2024)
Emaar Properties to cover all costs for repairs of homes within its communities affected by recent severe weather in Dubai (WAM 19/04/2024)
Non-oil foreign trade through Abu Dhabi's ports reached AED281.9b in 2023 (WAM 19/04/2024)
AD Ports Group, ADNOC Distribution sign agreement for marine lubricants supply (WAM 19/04/2024)
Green Hydrogen Summit sets out roadmap to future fuels' economy (WAM 19/04/2024)
xCube launches UAE’s first fully automated SLB service for retail investors (WAM 19/04/2024)
UAE-Colombia Comprehensive Economic Partnership Agreement ushers in new era of trade, investment cooperation: Al Zeyoudi (WAM 19/04/2024)
Etihad Airways resumes scheduled operations (WAM 19/04/2024)
UAE signs 11th economic partnership deal amid trade expansion push (The National 19/04/2024)
Aldar partners with Siemens to make Saadiyat Grove Abu Dhabi's leading smart project (WAM 18/04/2024)
MoIAT concludes World Future Energy Summit with call for investors to join 'Make It in the Emirates Forum' next month (WAM 18/04/2024)
Emerge Partners with Dubai Maritime City to Power Staff Accommodation with 1,700 Solar PV Modules (WAM 18/04/2024)
World Future Energy Summit closes with expert insights into future of emobility and smart cities (WAM 18/04/2024)
International officials say COP28 outcomes will shape future energy landscape (WAM 18/04/2024)
UAE's Remote Work System: A pillar of safety and efficiency amid changing work dynamics (WAM 18/04/2024)
Air Arabia resumes scheduled operations (WAM 18/04/2024)
Hamdan bin Mohammed directs government entities to develop comprehensive plan to deal with unexpected weather conditions (WAM 18/04/2024)
Pilot of first solar flight wants to start first hydrogen flight from Abu Dhabi (WAM 18/04/2024)
DP World first globally to disclose on its development impact in countries of focus (WAM 18/04/2024)
Global Climate Finance Centre, ALTÉRRA forge partnership to accelerate global climate investments (WAM 18/04/2024)
EWEC sets sights on 7.6 Gigawatts of solar power in Abu Dhabi by 2030 (WAM 18/04/2024)
Etihad Airways receives 4.3 million passengers in Q1 2024 (WAM 18/04/2024)
Ducab Metals Business launches eco-aluminium rods (WAM 18/04/2024)
Binance FZE receives VASP Licence from Dubai’s Virtual Assets Regulatory Authority (WAM 18/04/2024)
ADSCC partners with ERC to enhance bone marrow transplant accessibility for patients (WAM 18/04/2024)
Tadweer Group, Levidian join forces to decarbonise waste industry (WAM 18/04/2024)
Binance receives full operational licence in Dubai as it eyes 200m global users (The National 18/04/2024)
UAE minister Dr. Thani Al Zeyoudi to headline at Arabian Business Leadership Summit 2024 (Arabian Business 18/04/2024)
Dubai’s critical water desalination plant reaches financial closure (Arabian Business 18/04/2024)
Middle East F&B sector to undergo massive transformation with new DocsInBox MENA expansion (Arabian Business 18/04/2024)
DEWA plans over 150% increase in green charging stations by end 2025 (Arabian Business 18/04/2024)
UAE President: Safety and security of citizens and residents is UAE government’s top priority (WAM 17/04/2024)
Masdar to invest heavily in green hydrogen projects (WAM 17/04/2024)
DEWA plans to increase number of green fast and ultra-fast charging stations for EVs in Dubai in 2024 (WAM 17/04/2024)
Etihad Cargo sees 37% increase in pharmaceutical, healthcare shipments (WAM 17/04/2024)
Abu Dhabi to host AIM 2024 on 7th May (WAM 17/04/2024)
Jebel Ali Port operations continue normally (WAM 17/04/2024)
ADNEC Group, Tadweer Group sign MoU to enhance sustainable waste practices (WAM 17/04/2024)
UAE to host second Gulf Metrology Forum in Dubai with focus on sustainability (WAM 17/04/2024)
WAM signs media cooperation agreement with TV BRICS (WAM 17/04/2024)
Masdar, EGA form alliance to work together on aluminium decarbonisation (WAM 17/04/2024)
Dubai regulator seeks to ease costs for small crypto firms (Khaleej Times 17/04/2024)
Dubai SME boosts economy with over $63m of funding for entrepreneurs (Arabian Business 17/04/2024)
Ramadan 2024: E-commerce transactions surge 23%, GMV up by 13% (Arabian Business 17/04/2024)
FMCG consumption shows slow recovery in UAE, Saudi Arabia in Q4, 2023: NielsenIQ (Arabian Business 17/04/2024)
Spinneys listing plans to further deepen UAE stock market; economic diversification: Market experts (Arabian Business 17/04/2024)
Dubai’s EMIGALA Fashion & Beauty Awards returns for 2024 edition (Arabian Business 17/04/2024)
EtihadWE CEO confirms initiative to establish EV charging infrastructure in Northern Emirates (WAM 16/04/2024)
CEO of Masdar City: AED3-4b worth of projects under design in areas of AI, life sciences (WAM 16/04/2024)
PureHealth partners with USA’s No.1 children’s hospital to establish Paediatric Centre of Excellence (WAM 16/04/2024)
ADNEC Group, Terrax to develop 100% recycled flooring to support sustainability in events industry (WAM 16/04/2024)
Dubai SME expands role in driving SME growth with over AED233m worth of support in 2023 (WAM 16/04/2024)
AIM Startup Workshop to prepare participants for 2024 AIM Congress in Abu Dhabi (WAM 16/04/2024)
EWEC issues RFPs for 1,500MW Khazna Solar Photovoltaic independent power project (WAM 16/04/2024)
Dubai records $1.7b in luxury home sales in Q1 2024: Knight Frank (WAM 16/04/2024)
Dubai Electronic Security Centre to showcase innovative projects at GISEC Global 2024 (WAM 16/04/2024)
Alpha Dhabi Holding enters into strategic partnership with ADQ (WAM 16/04/2024)
Dubai luxury property prices soar amid high overseas demand (The National 16/04/2024)
Dubai real estate: New AI-powered app to allow buying, selling of property
Dubai International named world’s busiest international airport for 10th consecutive year (WAM 15/04/2024)
Cleveland Clinic Abu Dhabi to host two global medical summits on oncology, gastroenterology in April (WAM 15/04/2024)
Abu Dhabi Agriculture and Food Safety Authority issues decision on supplier qualifications for Fodder Market (Abu Dhabi Media Office 15/04/2024)
UAE FINANCIAL NEWS
ADIB becomes first bank providing integrated financial services via Botim app (WAM 22/04/2024)
Local stocks record AED1.4 b inflow, IHC, Emaar lead (WAM 22/04/2024)
ADCB's brand value surges over 8% in 2023, reaching AED10.5b (WAM 21/04/2024)
FTA urges resident corporations with licences from January, February to file Corporate Tax applications by 31st May (WAM 21/04/2024)
UAE issues tax warning (Arabian Business 21/04/2024)
ICE logs record trading of 6 billion Murban crude barrels (WAM 19/04/2024)
PureHealth Holding appoints Q Market Makers LLC as liquidity provider (WAM 19/04/2024)
MoF launches 'digital public consultation' on potential implementation of R&D Tax incentive (WAM 19/04/2024)
Emirates Islamic concludes debut US$500 million financing facility (WAM 18/04/2024)
Gulf insurance companies expected to see revenue growth in 2024: S&P (WAM 18/04/2024)
ADNOC to redeem exchangeable bonds in ADNOC Distribution upon maturity in June 2024 (WAM 18/04/2024)
UAE Ministry of Finance completes participation in second round of Finance Track Working Group Meetings (WAM 17/04/2024)
Parkin joins DFM General Index (WAM 17/04/2024)
Masdar plans to raise up to $1bn through green bond sale this year (The National 17/04/2024)
Dubai real estate: Emirates REIT’s property income jumps 10% to record $74m (Arabian Business 17/04/2024)
UAE issues Taxpayer Charter, outlines 2024 tax rules (Arabian Business 17/04/2024)
Dubai crypto sector: Major market re-alignment on the cards amidst regulatory move to ease entry barriers for smaller entities (Arabian Business 17/04/2024)
FTA issues Taxpayer Charter outlining taxpayers’ key rights, obligations (WAM 16/04/2024)
Spinneys IPO: UAE supermarket giant sets May 9 to float on Dubai bourse (Arabian Business 16/04/2024)
World Bank raises forecast for UAE's real GDP growth to 3.9% in 2024; 4.1% in 2025 (WAM 15/04/2024)
Emirates NBD announces premium credit card for the rich, offers free golf, beach club and spa access (Arabian Business 15/04/2024)
UAE MERGERS AND ACQUISITIONS NEWS
Ducab Metals Business eyes $41m revenue boost after GIC Magnet acquisition (Arabian Business 22/04/2024)
ADNIC completes acquisition of 51% Allianz Saudi Arabia stake (WAM 18/04/2024)
Abu Dhabi's Taqa holds talks with Naturgy shareholders for potential deal (The National 17/04/2024)
AI impact: Why Microsoft’s investment in UAE's G42 made so many waves (The National 17/04/2024)
‘Spinneys’ announces intention to float on Dubai Financial Market (WAM 16/04/2024)
Microsoft invests $1.5b in Abu Dhabi’s G42 to accelerate AI development, global expansion (WAM 16/04/2024)
Alpha Dhabi sells 49% construction stake to ADQ as sector tipped to reach $50b in UAE (Arabian Business 16/04/2024)
UAE BILATERAL TRADE NEWS
Dominican Republic eyes clean energy cooperation with UAE to combat climate change (WAM 22/04/2024)
ADX, Uzbekistan’s RSE sign MoU for collaboration (WAM 22/04/2024)
UAE’s Masdar explores China entry to boost clean energy (The National 22/04/2024)
UAE, Oman solidify ever-strengthening strategic partnership (WAM 21/04/2024)
UAE Chamber boosts trade cooperation with Colombia (WAM 20/04/2024)
Saud bin Saqr receives Consul-General of China in Dubai (WAM 20/04/2024)
Oman and UAE: Fraternal bonds, strategic relations and economic partnership (WAM 20/04/2024)
Prime Minister of Qatar receives Tahnoun bin Zayed (WAM 20/04/2024)
President, Vice President of Venezuela receive Al Zeyoudi, discuss boosting bilateral cooperation (WAM 20/04/2024)
Russian Export Centre to organise business mission to UAE to promote innovative solutions (WAM 20/04/2024)
UAE and French Presidents discuss bilateral relations (WAM 19/04/2024)
UAE President receives phone calls from King of Jordan and Prime Minister of Pakistan (WAM 19/04/2024)
Romanian PM visits Sheikh Zayed Grand Mosque (WAM 19/04/2024)
President of Uzbekistan receives Suhail Al Mazrouei, highlights thriving bilateral economic ties (WAM 19/04/2024)
Decarbonisation a crucial, shared challenge for Japan, UAE (WAM 19/04/2024)
UAE, Columbia boost trade, investment cooperate with CEPA signing (WAM 19/04/2024)
RAKEZ to showcase business set-up solutions to German investors at Hannover Messe 2024 (WAM 19/04/2024)
Reem Al Hashemi and Ahmed Al Sayegh meet Romanian Foreign Minister to discuss ways to strengthen bilateral ties (WAM 19/04/2024)
UAE and Colombian Presidents witness signing of UAE-Colombia Comprehensive Economic Partnership Agreement (WAM 19/04/2024)
Theyab bin Mohamed bin Zayed receives Prime Minister of Romania at Wahat Al Karama (WAM 18/04/2024)
SkyPower, ZETDC sign PPAs for Zimbabwe's largest solar project (WAM 18/04/2024)
Shakhboot bin Nahyan participates in high-level plenary session on accelerated renewable energy deployment in Africa (WAM 18/04/2024)
UAE President and Prime Minister of Romania discuss bilateral relations, witness exchange of two memoranda of understanding (WAM 18/04/2024)
UAE, Costa Rica inaugurate new trade, investment era under CEPA (WAM 18/04/2024)
Emirati-German Energy and Climate Partnership holds 8th Steering Group Meeting (WAM 18/04/2024)
UAE a reliable partner and trade gateway to Middle East, Gulf countries: Costa Rican Trade Minister (WAM 18/04/2024)
E7 Group signs multiple security solutions, commercial printing contracts across Africa, Middle East (WAM 18/04/2024)
UAE, Costa Rica committed to developing resilient and sustainable economies based on innovation: Al Zeyoudi (WAM 18/04/2024)
UAE President receives phone call from Turkish President (WAM 18/04/2024)
UAE President receives letter from President of Azerbaijan (WAM 18/04/2024)
UAE and Costa Rican Presidents witness signing of UAE-Costa Rica Comprehensive Economic Partnership Agreement (WAM 18/04/2024)
MoEI, Japan Cooperation Centre for Middle East explore developments in water desalination at WFES 2024 (WAM 18/04/2024)
Former British PM Johnson calls for stronger ties with UAE in AI and nuclear energy (The National 16/04/2024)
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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
