UAE Weekly Business News 24/02/2025

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UAE Weekly Business News: Issue 228 published 24 February 2025.

UAE FREE ZONE NEWS

ADGM completes Al Reem Island integration, adding over 1,100 entities to its jurisdiction (WAM 24/02/2025)

Spring Valley to establish agro-commodity hub at Jafza, driving regional food security (WAM 24/02/2025)

DIFC to host 2026 Global Privacy Assembly (WAM 24/02/2025)

DIEZ achieves exceptional growth in 2024 financial results, strengthening its contribution to national economy (WAM 23/02/2025)

ETG to establish AED150m facility in KEZAD (WAM 21/02/2025)

Jafza, Haldiram’s sign agreement to launch saffron processing facilities (WAM 21/02/2025)

RAKEZ enters strategic partnership with Praxis, Equevu (WAM 20/02/2025)

DIFC unveils flagship future of finance report series (WAM 20/02/2025)

New study reveals Dubai Internet City’s AED100b impact on Dubai’s economy (Government of Dubai Media Office 20//02/2025)

YesAgain Group expands into Middle East with new hub at SAIF Zone(WAM 19/02/2025)

DIFC marks 20th anniversary with record annual performance (WAM 18/02/2025)

Dubai Industrial City attracts over AED350m F&B investments in 2024 (WAM 18/02/2025)

Dubai South’s MBRAH reports record 17,891 private jet movements in 2024 (Arabian Business 18/02/2025)

ASB Capital commences operations in DIFC (WAM 17/02/2025)

UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)

Dubai visa: Now, residents can renew permit within minutes as authority launches new platform (Khaleej Times 24/02/2025)

MoHRE reduces working hours for private sector during Ramadan (WAM 24/02/2025)

FAHR sets Ramadan working hours for federal authorities (WAM 23/02/2025)

Dubai announces new multiple-entry visa scheme for yacht crew (Khaleej Times 22/02/2025)

UAE grants 10-year Golden Visa to superyacht owners: Everything you need to know (Arabian Business 22/02/2025)

GPSSA outlines rights, obligations of insured under federal pension laws (WAM 21/02/2025)

ICP calls on investors, entrepreneurs to benefit from Business Opportunities Visa (WAM 19/02/2025)

180-day visit visa: UAE invites business owners, entrepreneurs for investments (Khaleej Times 19/02/2025)

UAE BUSINESS NEWS

AD Ports opens first inland dry port facility in Abu Dhabi (WAM 24/02/2025)

Empower, DMCC to supply next phase of Uptown Dubai with cooling services (WAM 24/02/2025)

Moro Hub, MongoDB to drive digital transformation (WAM 24/02/2025)

Dubai Data and Statistics completes Household Income, Expenditure Survey 2024 (WAM 24/02/2025)

Integrated Transport Centre (Abu Dhabi Mobility) inaugurates Al Aliah Ferry Terminal, increasing connectivity in the emirate (Abu Dhabi Media Office 24/02/2025)

Private jets in the UAE: Falcon Luxe eyes major fleet expansion over next 2 years (Arabian Business 24/02/2025)

UAE’s $100b AI target opens investment opportunities (Arabian Business 24/02/2025)

BAMX Properties expands to UAE, targets Dubai’s booming real estate market (Arabian Business 24/02/2025)

Dubai real estate: Freehold rule changes cause spike in buyers, developments, prices (Arabian Business 24/02/2025)

UAE leads future economy, reshapes global investment landscape (WAM 23/02/2025)

Clean energy export from Hatta to Dubai to begin next April (WAM 23/02/2025)

RTA awards AED798m contract for Al Qudra Street Development Project (WAM 23/02/2025)

Investopia 2025 to develop innovative insights into future investment, finance opportunities in global economic landscape (WAM 23/02/2025)

3rd Dubai Stem Cell Congress kicks off in Dubai on 25 February (WAM 23/02/2025)

Dubai to host ‘PropTech Connect 2026’ (Government of Dubai Media Office 23/02/2025)

Warehouse rents to rise by up to 10% this year (Khaleej Times 23/02/2025)

Dubai real estate sector recorded $4.9bn of transactions last week (Arabian Business 23/02/2025)

Integrated Transport Centre (Abu Dhabi Mobility), GIGATONS to drive net zero e-mobility solutions in emirate (Abu Dhabi Media Office 22/02/2025)

IDEX and NAVDEX 2025 conclude with total of AED25.15b in deals (WAM 21/02/2025)

EDGE closes IDEX 2025 with US$2.9b in new sales (WAM 21/02/2025)

ADSB, HENSOLDT ink strategic partnership agreement to advance naval technology development (WAM 21/02/2025)

ADSB, Intermarine join forces to strengthen naval capabilities (WAM 21/02/2025)

Tawazun Council boosts agreement between ‘Key Tech’, ‘Raymetrics’ for border surveillance development (WAM 21/02/2025)

EDGE to further secure ammunition supply chain under PT Pindad LOI (WAM 21/02/2025)

EDGE, OSI Maritime Systems to develop national bridge system within UAE (WAM 21/02/2025)

EDGE, e& UAE collaborate to strengthen secure communications (WAM 21/02/2025)

SIRA launches 'Tawash' system for secure gold transport (WAM 21/02/2025)

UAE assumes presidency of PAM's Women's Parliamentary Forum (WAM 21/02/2025)

EDGE to provide UAE industry with advanced defence production facility (WAM 21/02/2025)

UAE's significant progress in media identity indicators showcases its growing global influence (WAM 21/02/2025)

ADNEC Group, Ministry of Defence to organise 12th Dubai International Air Chiefs’ Conference (WAM 21/02/2025)

Abu Dhabi University, UI GreenMetric to host 1st International Sustainability Leaders Meeting (WAM 21/02/2025)

Abu Dhabi Airports completes rehabilitation project at Sir Bani Yas Airport (Abu Dhabi Media Office 21/02/2025)

Dubai real estate sales prices increased 20% and rents went up 19% last year – what will happen in 2025? (Arabian Business 21/02/2025)

Indian businesses lead with 16,623 new Dubai Chamber registrations in 2024 (WAM 20/02/2025)

UAE ranks 10th globally in Global Soft Power Index 2025 (WAM 20/02/2025)

Abu Dhabi Investment Office accelerates expansion of Fosun International in Middle East (WAM 20/02/2025)

Tawazun Quality and Conformity, Calidus Group to enhance testing, qualification services (WAM 20/02/2025)

Rabdan Academy, INTERPOL sign agreement to strengthen cooperation in research & training (WAM 20/02/2025)

EDGE to integrate MILSAR radars onto GARMOOSHA UAS (WAM 20/02/2025)

EDGE, Leonardo DRS to reinforce UAE defence, industrial capabilities (WAM 20/02/2025)

EDGE, MoIAT to advance UAE’s Industry 4.0 transformation (WAM 20/02/2025)

EDGE signs MoU with Point Trading Group for Night Vision Goggles (WAM 20/02/2025)

EDGE, FNSS to modernise armed forces' infantry fighting vehicles (WAM 20/02/2025)

GCAA, AMMROC to advance aviation training, capability development (WAM 20/02/2025)

Tawazun Council, FANR discuss cooperation prospects (WAM 20/02/2025)

Dubai Customs launches AI 'Al Munasiq' platform (WAM 20/02/2025)

UAE launches digital platform for essential commodity price monitoring (WAM 20/02/2025)

Emirates SkyCargo and Astral Aviation sign MoU to Boost Global Trade to and from Africa (Government of Dubai Media Office 20/02/2025)

Dubai sees massive increase in international companies with India, Pakistan, Egypt, Iraq, Türkiye and UK leading the charge (Arabian Business 20/02/2025)

UAE SMEs report 91% business confidence for 2025, Mastercard study shows (Arabian Business 20/02/2025)

Dubai’s Empower Insulated Pipe Systems expands its regional footprint (Arabian Business 20/02/2025)

Thales International to establish radar manufacturing facility in UAE (WAM 19/02/2025)

DP World records highest cargo volumes at Jebel Ali Port since 2015 (WAM 19/02/2025)

Qualcomm joins UAE’s NextGen FDI programme to drive advancements in 5G, AI, IoT (WAM 19/02/2025)

Emerge signs agreement with Tawazun Industrial Park for 13.25MWp solar PV plant (WAM 19/02/2025)

EWEC opens registration for Q1 2025 Clean Energy Certificates auction (WAM 19/02/2025)

AMMROC, Marshall to advance C-130 fleet readiness (WAM 19/02/2025)

ADSB, Indra to equip FA-400 offshore patrol vessel with advanced naval systems (WAM 19/02/2025)

EDGE, Nokia to strengthen secure communications for defence sector (WAM 19/02/2025)

EDGE, Naval Group to collaborate on advanced naval combat systems (WAM 19/02/2025)

XRANGE, Mira Aerospace to advance high-altitude platform station flight testing (WAM 19/02/2025)

New development projects in pipeline for Dubai Harbour (WAM 19/02/2025)

Department of Municipalities and Transport partners with NUS Cities to advance Abu Dhabi’s smart urban development (Abu Dhabi Media Office 19/02/2025)

UAE Ransomware attacks rise by 32% in 2024 (Khaleej Times 19/02/2025)

Dubai real estate leads global rankings as prices continue surge in 2025, outpacing London, Paris, Madrid  (Arabian Business 19/02/2025)

Abu Dhabi’s DMT launches AI-powered digital legislation encyclopaedia to boost legal awareness  (Arabian Business 19/02/2025)

UAE law changes: New rules on marriage, divorce, child custody – All you need to know  (Arabian Business 19/02/2025)

Partial satellite manufacturing in UAE to begin this year (WAM 18/02/2025)

Tawazun Council, Mubadala invest in UAE's aerospace future with Al Ain MRO Facility (WAM 18/02/2025)

UAE to establish Cybersecurity Centre of Excellence (WAM 18/02/2025)

Dubai International Chamber showcases trends, opportunities in local food sector at Gulfood 2025 (WAM 18/02/2025)

Burjeel Holdings to establish leading radiation oncology network in GCC (WAM 18/02/2025)

NAVDEX 2025: ‘Emirates Classification’ drives quality in national maritime industries (WAM 18/02/2025)

ADASI launches next-gen GPS-less navigation, secure flight control to strengthen aviation security (WAM 18/02/2025)

Safran Aircraft Engines, Abu Dhabi Aviation Group sign strategic MoU (WAM 18/02/2025)

Sanad, Pratt & Whitney sign agreement for aircraft engine MRO services (WAM 18/02/2025)

ADSB, ASRY to promote regional excellence in production of commercial naval vessels (WAM 18/02/2025)

EDGE, GM Defence to explore strategic defence opportunities (WAM 18/02/2025)

EDGE Group, Leonardo sign collaboration agreement (WAM 18/02/2025)

EDGE, Lockheed Martin to collaborate on advanced chiplet design capabilities (WAM 18/02/2025)

EDGE, Lockheed Martin to explore areas of collaboration in aerospace, defence (WAM 18/02/2025)

Yango Rides for Business expands to Abu Dhabi after Dubai launch (Arabian Business 18/02/2025)

EMSTEEL plans to significantly reduce greenhouse gas emissions by 2030 (Arabian Business 18/02/2025)

Dubai’s bkry plans major expansion as ‘overwhelming’ demand fuels success (Arabian Business 18/02/2025)

Maktoum bin Mohammed meets with Chairman of Bank of Singapore (WAM 17/02/2025)

Ducab partners with MBRHE to power sustainable living in Dubai (WAM 17/02/2025)

MAESTRAL, EDGE-Fincantieri JV to be awarded €500m UAE Navy Support Contract (WAM 17/02/2025)

EDGE, Kintsugi Holding, Abu Dhabi Civil Defence Authority to enhance innovative solutions in emergency response (WAM 17/02/2025)

Awqaf Abu Dhabi, Abu Dhabi Department of Economic Development to regulate establishment and licensing of endowment companies (Abu Dhabi Media Office 17/02/2025)

PureHealth rebrands Ambulatory Healthcare Services to SEHA CLINICS (Abu Dhabi Media Office 17/02/2025)

UAE FINANCE AND ECONOMY NEWS

Maktoum bin Mohammed approves Financial Audit Authority’s strategic plan 2025-2028 (WAM 24/02/2025)

HSBC to open first Centre of Excellence in Al Ain (WAM 24/02/2025)

flydubai reports strongest financial results in its 15-year history (WAM 24/02/2025)

MANSA secures $10m in funding to expand cross-border payments solutions (Arabian Business 24/02/2025)

Bybit not granted licence in Dubai; loses $1.5-b in biggest crypto heist (Khaleej Times 23/02/2025)

ADNOC completes $2.84b marketed offering of ADNOC Gas shares (WAM 21/02/2025)

Talabat IPO ‘very successful’, plans 2025 product expansion (Arabian Business 21/02/2025)

ADNOC’s listed companies posted $49.7b combined revenue in 2024 (WAM 20/02/2025)

FAB launches annual outlook report, predicting GCC to outpace global economy in 2025 (WAM 20/02/2025)

Alpha Data IPO opens February 20-25; share price AED1.45-1.50 (WAM 20/02/2025)

EDB reports 222% increase in financing in 2024 (WAM 20/02/2025)

DTC delivers 19% EBITDA growth in 2024 (WAM 20/02/2025)

Private financings gain in popularity among GCC issuers (Khaleej Times 20/02/2025)

UAE crypto app downloads rise 41% as market shows strong growth (Arabian Business 20/02/2025)

eToro adds ADX-listed stocks on trading, investing platform (Arabian Business 20/02/2025)

CBUAE imposes financial sanction on exchange house (WAM 19/02/2025)

FTA increases inspection visits to 93,000 in 2024 (WAM 19/02/2025)

Abu Dhabi Exports Office grows nine-lender finance facility for BGN to more than $230m (WAM 19/02/2025)

Etihad Airways announces AED1.7b profit in 2024 (WAM 19/02/2025)

Careem Pay expands remittance service to 18 European countries (Arabian Business 19/02/2025)

Tamara, Mastercard launch virtual payment card in bid to grow UAE’s BNPL market (Arabian Business 19/02/2025)

EDGE Group reports $5b in annual revenue; 20% exports (WAM 18/02/2025)

National Bonds: Retirement planning remains top financial goal (WAM 18/02/2025)

e& enterprise, PayPal to expand digital payment options for UAE businesses (Arabian Business 18/02/2025)

UAE M&A NEWS

Agthia Group to explore M&As, target growth in global markets in next 5 years (Khaleej Times 24/02/2025)

2PointZero acquires Maseera, pledging $1b to advance financial inclusion in emerging markets (WAM 20/02/2025)

Agthia increases its stake in Egyptian healthy snacks company to 80% (Arabian Business 20/02/2025)

UAE BILATERAL TRADE NEWS

Noatum Maritime, Turkish Erkport launch 'United Global Ro-Ro' JV (WAM 24/02/2025)

Government of UAE, Government of Italian Republic issue joint statement (WAM 24/02/2025)

UAE President, Italian Prime Minister discuss strengthening bilateral relations in Rome (WAM 24/02/2025)

UAE to invest $40bn in Italy (Arabian Business 24/02/2025)

UAE President arrives in Italy on state visit (WAM 23/02/2025)

Emir of Kuwait receives Tahnoon bin Zayed (WAM 23/02/2025)

UAE President, Albanian Prime Minister discuss strengthening bilateral ties (WAM 23/02/2025)

Dubai Government delegation to visit Shenzhen (WAM 23/02/2025)

United Arab Emirates strengthens ties with partners at Munich Security Conference (WAM 23/02/2025)

Abu Dhabi signs groundbreaking agreements with China to strengthen economic, business partnerships (WAM 22/02/2025)

CONDOR signs contract with Brazil’s SENAPPEN to upgrade prison security (WAM 21/02/2025)

EDGE, SIATT announce deal with Brazilian Navy for advanced MANSUP Anti-ship Missiles (WAM 21/02/2025)

Tawazun Quality & Conformity signs MoU with French DCI (WAM 21/02/2025)

Noatum Maritime partners with ASRY to provide marine services in Bahrain (WAM 21/02/2025)

Mansour bin Zayed meets President of Turkmenistan (WAM 21/02/2025)

Shakhboot bin Nahyan receives officials from Switzerland to discuss developments in Horn of Africa (WAM 21/02/2025)

UAE, New Zealand collaborate to advance Antarctic scientific research (WAM 21/02/2025)

UAE hotels generate AED37.1b in first 10 months of 2024 (WAM 20/02/2025)

Dragon Oil expands investments in Egypt (WAM 20/02/2025)

Hejun Group joins forces with ADIO to attract Chinese investors (WAM 20/02/2025)

ADIO partners with China’s Wind Information (WAM 20/02/2025)

Abu Dhabi Investment Forum strengthens economic ties with China (WAM 20/02/2025)

Maktoum bin Mohammed meets with Deputy Prime Minister of Russia (WAM 20/02/2025)

France's Naval Group in talks with UAE on unmanned systems (WAM 20/02/2025)

EDGE, Diehl Defence to enhance defence capabilities (WAM 20/02/2025)

EDGE Group, Codan Communications to strengthen military radio communication capabilities (WAM 20/02/2025)

EDGE, CMN NAVAL explore opportunities to expand global naval capabilities (WAM 20/02/2025)

UAE's Shielders, Australia’s EOS sign strategic partnership to establish JV for R150 RWS manufacturing (WAM 20/02/2025)

Abdullah bin Zayed, Bulgarian FM discuss enhancing ties (WAM 20/02/2025)

UAE, Poland explore new areas of trade, economic cooperation (WAM 20/02/2025)

Saud bin Saqr receives Armenian Minister of Economy (WAM 20/02/2025)

Sirius Talent Summit: UAE, Russia strengthen cooperation in education, science, arts, ecology (WAM 20/02/2025)

Brazil expands agricultural ties with UAE in strategic trade mission (WAM 19/02/2025)

UAE Chambers delegation meets Mauritius PM to enhance economic cooperation (WAM 19/02/2025)

Calidus, France's Safran Electronics & Defence announce strategic MoU (WAM 19/02/2025)

UAE President meets Italian Defence Minister (WAM 19/02/2025)

Facilitating Global Trade: Emirates SkyCargo Celebrates nearly 39 Years of Connecting to Africa (Government of Dubai Media Office 19/02/2025)

UAE, Ukraine explore investment opportunities following CEPA signing (WAM 18/02/2025)

ADNOC Distribution, TotalEnergies mark two-year anniversary of TEME joint venture in Egypt (WAM 18/02/2025)

Tawazun Quality and Conformity, Hanwha, LIG of Korea to collaborate in testing, qualification (WAM 18/02/2025)

Tawazun Quality and Conformity signs LoI with Korean Defense Agency of Technology and Quality (WAM 18/02/2025)

EDGE to produce CAR 816 Assault Rifle in Malaysia under Ketech Asia Agreement (WAM 18/02/2025)

Estonian Defence Minister: ‘We seek to strengthen defence cooperation with UAE companies’ (WAM 17/02/2025)

UAE hosts Strategic Financial Dialogue with Russia to strengthen financial, investment cooperation (WAM 17/02/2025)

Masdar, TotalEnergies, EPointZero sign Framework for Action to drive clean energy access in Africa, Asia (WAM 17/02/2025)

Italian food exports to UAE grew by 6% in 2024, expected to rise to 10% in 2025 (WAM 17/02/2025)

EDGE, Indra Partner to strengthen ultra-secure Communications in Spanish, NATO defence markets (WAM 17/02/2025)

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Written by Jenny Hunt

Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates

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