UAE Weekly Business News 24/06/2024
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UAE Weekly Business News: Issue 194 published 24th June 2024.
UAE FREE ZONE NEWS
KEZAD Group signs lease agreement with Astha Biotech for AED44m Microalgae Plant in Abu Dhabi (WAM 20/06/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
UAE: Looking for a job? 5 signs your recruiter might be fake (Khaleej Times 23/06/2024)
A unified GCC visa is bound to boost tourism in the Gulf (The National 20/06/2024)
UAE gives firms 10 days to hire Emiratis or face fines (Arabian Business 20/06/2024)
'Can my employer deduct from my gratuity?' (The National 17/06/2024)
Dubai Courts announce major travel rule change for divorced parents and their children (Arabian Business 17/06/2024)
UAE BUSINESS NEWS
Etihad Cargo expands its freighter network to Madrid (WAM 24/06/2024)
DCT Abu Dhabi, MICHELIN Guide collaborate to showcase emirate's gastronomic excellence (WAM 24/06/2024)
flydubai launches flights to two destinations in Pakistan (WAM 24/06/2024)
UAE, Saudi short-term rentals attract record travellers as year-round demand skyrockets for Dubai, Abu Dhabi, Riyadh real estate (Arabian Business 24/06/2024)
Key partners express support for the 'Dubai Future Solutions – Prototypes for Humanity’ initiative (WAM 23/06/2024)
Dubai rents set to jump 10% in remainder of 2024 (Khaleej Times 23/06/2024)
Ultra-wealthy snap up Dubai’s luxury properties seeking better value for money (The National 22/06/2024)
Wood seeks larger footprint in region amid Sidara takeover talks (The National 22/06/2024)
UAE: Social media influencers seek more clarity on new licensing rules (Khaleej Times 22/06/2024)
Emirates' operating initiatives save 48,000 tonnes of fuel, cut emissions by 151,000 tonnes (WAM 21/06/2024)
DEWA commissions water reservoir in Enkhali (WAM 21/06/2024)
UAE takes second place globally in new FDI projects at 1,323 in 2023 (WAM 21/06/2024)
UAE climbs rankings to second largest recipient of greenfield investment projects (Khaleej Times 21/06/2024)
Off-plan property delays in UAE: Know your legal rights as a buyer (Khaleej Times 21/06/2024)
Dubai real estate investments start at just $136 as Stake joins Land Department initiative (Khaleej Times 21/06/2024)
MENA business travel trends by WegoPro (Khaleej Times 21/06/2024)
Dubai welcomes over half a million visitors during Eid Al Adha (Arabian Business 21/06/2024)
UAE Ministry of Finance launches new transformational projects (WAM 20/06/2024)
EDGE, Thales announce strategic partnership for radio communications development and manufacturing in UAE (WAM 20/06/2024)
ADDED calls on licensed economic establishments to comply with relevant conditions when contracting with social media influencers (WAM 20/06/2024)
Over 375,000 people visit Dubai Municipality’s parks, public facilities, and entertainment venues (Government of Dubai Media Office 20/06/2024)
Silal inaugurates one of UAE’s largest food distribution facilities at KEZAD (Abu Dhabi Media Office 20/06/2024)
The secret ingredient to the UAE's ascent to the global top 10 (The National 20/06/2024)
KEZAD Group inks $12m lease deal with Astha Biotech for microalgae facility in Al Ain (Arabian Business 20/06/2024)
Dubai Summer Surprises: DFRE announces dates for 2024 edition (Arabian Business 20/06/2024)
Liminal Custody to expand footprint in MENA with new office in Dubai (Arabian Business 20/06/2024)
Abu Dhabi social media influencer advert ban explained: $2,700 fines, how to apply for a licence, new rule start date (Arabian Business 20/06/2024)
EDGE Group, KNDS to collaborate in land defence domain (WAM 19/06/2024)
Etihad Airways adds 4 weekly flights to India's Jaipur (WAM 19/06/2024)
Dubai Future Foundation, Meta launch business incubator programme powered by 'LLAMA 3' AI model (WAM 19/06/2024)
ADIB, DIFC Innovation Hub forge strategic partnership to drive regional fintech growth (WAM 19/06/2024)
Yahsat ranks high among Middle East’s top 10 most sustainable companies by S&P Global (WAM 19/06/2024)
Dubai Chamber of Commerce explores opportunities to drive economic growth (Government of Dubai Media Office 19/06/2024)
RTA lifts 6.7 million riders during Eid Al Adha holiday (Government of Dubai Media Office 19/06/2024)
The UAE’s focus on renewable energy will pay off (The National 19/06/2024)
Global sporting events set to spark UAE retail investor interest (Khaleej Times 19/06/2024)
Intersec in Dubai resulted in potential $16.7b deals for security sector (Arabian Business 19/06/2024)
Abu Dhabi has fastest-growing startup ecosystem in MENA as entrepreneurs look for funding, golden visas and support (Arabian Business 19/06/2024)
Careem partners with Payrails to optimise payment solutions across MENA (Arabian Business 19/06/2024)
UAE holidays 2024: When is the next big weekend for public, private sector? Expected dates revealed (Arabian Business 19/06/2024)
Emirates has gone from a dream to a $37b a year airline and Dubai is the world’s airport: Sheikh Mohammed (Arabian Business 19/06/2024)
Abu Dhabi named fastest-growing emerging startup ecosystem in MENA region (Abu Dhabi Media Office 18/06/2024)
Brookfield-led consortium to invest in Dubai’s Gems Education (The National 18/06/2024)
Revealed: 10 most on-time airlines in the Middle East (Arabian Business 18/06/2024)
UAE airlines launch new flights to over 40 cities – All you need to know (Arabian Business 18/06/2024)
UAE to attract 6,700 new millionaires this year with Golden Visas and zero-income tax as rich Indians, Brits and Africans plan moves (Arabian Business 18/06/2024)
DEWA receives applications for 4th Integrated Solar Photovoltaic (PV) System Designer training (Government of Dubai Media Office 17/06/2024)
UAE FINANCIAL NEWS
HSBC launches global wealth trading platform in UAE (WAM 24/06/2024)
Lunate launches Chimera J.P. Morgan Global Sukuk ETF (WAM 24/06/2024)
UAE corporate tax: Why service providers such as accountants need to show kindness (The National 24/06/2024)
FTA urges Resident Juridical Persons with licences issued in March, April to register for Corporate Tax no later than 30th June (WAM 23/06/2024)
Dispelling misconception about tax on free zone businesses (Khaleej Times 23/06/2024)
(WAM 22/06/2024)
Gross written premiums increased by 18.5% Y-o-Y in Q1 2024 to AED21.1b: CBUAE report (WAM 21/06/2024)
CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025 (WAM 21/06/2024)
Local stocks record AED1.6b inflow, IHC, Emaar lead (WAM 20/06/2024)
UAE becomes third largest contributor of Bahrain FDI stocks (WAM 20/06/2024)
UAE national banks pump AED15.6b in credit to business, industrial sectors in Q1 2024 (Arabian Business 20/06/2024)
UAE banks extend $22.2b in loans to SMEs (Arabian Business 20/06/2024)
ADX lists $5b bonds issued by Abu Dhabi Government (WAM 19/06/2024)
UAE national banks provided AED15.6b in credit facilities to business, industrial sectors in Q1-24 (WAM 19/06/2024)
Revealed: Fintechs turning barber shops, eateries, supermarkets as monetary transaction points to drive UAE mobile money market (Arabian Business 18/06/2024)
UAE gold reserves climb 12.6% to $5.3b (Arabian Business 17/06/2024)
UAE MERGERS AND ACQUISITIONS NEWS
Masdar signs €3.2b deal to acquire Greece’s ‘TERNA ENERGY’ (WAM 20/06/2024)
UAE BILATERAL TRADE NEWS
Abdullah bin Zayed, External Affairs Minister of India discuss strengthening strategic relations (WAM 24/06/2024)
Dubai’s Spinneys opens first store in Saudi Arabia (Arabian Business 24/06/2024)
UAE participates in BRICS Tourism Ministers' Meeting in Moscow (WAM 23/06/2024)
DP World’s $400m investment changes the face of Callao Port (Arabian Business 23/06/2024)
(WAM 22/06/2024)
EAD mission with OceanX unlocks new depths of marine research (WAM 21/06/2024)
DP World completes $400m Callao Port expansion project (WAM 21/06/2024)
Dubai Chamber of Commerce launches Mexican Business Council to boost bilateral trade, investment (WAM 21/06/2024)
UAE ranked India’s 9th largest seafood export market (WAM 21/06/2024)
‘Emirates Publishers’ showcases Emirati-Chinese cultural exchange at Beijing International Book Fair (WAM 20/06/2024)
Dubai crypto platform opens Bahrain office in GCC expansion drive (Khaleej Times 20/06/2024)
ADNEC Group promotes IDEX and NAVDEX 2025 at Eurosatory 2024 (WAM 19/06/2024)
UAE Attorney-General holds bilateral meetings with several attorneys general of BRICS countries (WAM 19/06/2024)
ADC to host investor meet in Abu Dhabi to showcase high-growth opportunities in Jordan’s Aqaba (Arabian Business 17/06/2024)
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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
