UAE Weekly Business News 24/07/23
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UAE Weekly Business News, Issue 146. 24th July 2023.
UAE free zones news
Dubai South announces major visa and insurance update (Arabian Business 17/07/2023)
UAE employment, visa and Emiratisation news
UAE, Saudi Arabia companies attract top talents with lucrative packages amid expansion (Arabian Business 20/07/2023)
441 private establishments violated Emiratisation decisions in 1 year: MoHRE (WAM 19/07/2023)
Indian resident population in Arab world touches nine million (WAM 19/07/2023)
Department of Energy supports DCD and MoHRE’s Tadbeer initiative (WAM 18/07/2023)
MOHRE coordinates with delivery companies to provide 356 rest stations for workers (WAM 18/07/2023)
More women-led funds 'will boost female entrepreneurship in the UAE' (The National 18/07/2023)
Dubai's dnata aims to hire 7,000 as travel outlook brightens (The National 18/07/2023)
Abu Dhabi and Dubai trade, economy and investment news
Abu Dhabi Maritime and ADNOC Distribution to collaborate on developing marine refuelling facilities across the emirate (Abu Dhabi Media Office 24/07/2023)
Dubai real estate: Off-plan property resurgence fuels market boom amid rising population (Arabian Business 24/07/2023)
Dubai, Riyadh food delivery ‘exploded,’ demand for vegan, healthy food skyrocketing, says F&B boss (Arabian Business 24/07/2023)
Dubai Customs posts robust H1 performance with 14m transactions processed (WAM 23/07/2023)
Dubai seeks to unlock a new phase of high-powered growth for its family business sector
RTA constructs 19 truck rest stops (WAM 23/07/2023)
ADJD Labs receive international accreditation in forensic tests (WAM 23/07/2023)
Dubai's luxury property boom set to continue (Khaleej Times 23/07/2023)
UAE Ministry of Energy and Infrastructure collaborates with DNV to establish Maritime Decarbonisation Centre (WAM 21/07/2023)
PureHealth collaborates with Fujifilm Global to leverage AI solutions to enhance Abu Dhabi’s healthcare ecosystem (Abu Dhabi Media Office 21/07/2023)
Environment Agency – Abu Dhabi aims to collect 20m single-use plastic bottles per year for recycling (Abu Dhabi Media Office 21/07/2023)
What does a weaker US dollar mean for foreign buyers of UAE property? (The National 21/07/2023)
Airline announces new non-stop service between Paris and Abu Dhabi from October (Khaleej Times 21/07/2023)
Abu Dhabi lawyer suspended for mishandling $136,000 of client’s funds (Arabian Business 21/07/2023)
Schneider Electric partners with Intel, Applied Materials to help decarbonise semiconductor value chain (WAM 20/07/2023)
Dubai records AED9.9b in weekly real estate transactions (WAM 20/07/2023)
Central Bank of the UAE and Dubai Police sign MoU to enhance cooperation mechanisms for information exchange on financial crimes (WAM 20/07/2023)
UAE leads the world in mobile internet speed in June (WAM 20/07/2023)
Silal to open Innovation Oasis in Al Ain (Abu Dhabi Media Office 20/07/2023)
Middle East interest in private equity and venture capital rising (The National 20/07/2023)
Dubai’s commercial real estate transactions surge 101% in Q2 (Khaleej Times 20/07/2023)
UAE casino: Dubai real estate faces rival market as RAK gears up to launch legal gaming (Arabian Business 20/07/2023)
Dubai Academic Health Corporation earns prestigious Gold Seal of Approval across all its hospitals and primary care centres (WAM 19/07/2023)
UAE calls on international community to implement balanced approach to AI (WAM 19/07/2023)
Department of Municipalities and Transport: 363% growth in FDI in real estate in H1 2023 (Abu Dhabi Media Office 19/07/2023)
Middle East on verge of becoming global esports hotspot by 2025 (Arabian Business 19/07/2023)
UAE issues 125 fines for breaking egg and chicken price rules (Arabian Business 19/07/2023)
IndiGo announces new direct flight services from Goa to Abu Dhabi (Arabian Business 19/07/2023)
Dubai Airshow looks to $634b space economy (Arabian Business 19/07/2023)
Masdar and INPEX to Join Forces to Explore E-methane Production Using Green Hydrogen and CO2 in UAE (WAM 18/07/2023)
Masdar, Mitsubishi Chemical Group and INPEX explore setting up world’s first commercial-scale polypropylene production using green hydrogen and CO2 (WAM 18/07/2023)
Public Nurseries Project to see ADEK open 10 nurseries in Abu Dhabi over next two years (WAM 18/07/2023)
ADIPEC 2023 facilitates realistic and sustainable energy sector transition (WAM 18/07/2023)
ADNOC to launch first high-speed hydrogen refueling station in Middle East (WAM 18/07/2023)
DEWA and Harvard's Growth Lab discuss collaboration for sustainable development (WAM 18/07/2023)
SCA receives licensing applications from companies to provide 'Virtual Asset' services (WAM 18/07/2023)
Etihad Engineering delivers A380 to Etihad Airways for its grand return to service (WAM 18/07/2023)
ZHO inaugurates cheese factory under 'Make it in the Emirates' slogan (WAM 18/07/2023)
Dubai Municipality issues first license for 3D printed villa construction (Arabian Business 18/07/2023)
Dubai real estate tops global luxury property market in first quarter of 2023 (Arabian Business 18/07/2023)
UAE businesses ready for AI ahead of $320b revolution (Arabian Business 18/07/2023)
Retiring in the UAE: Over a third of people plan to settle down in country, 76% consider long-term investment (Arabian Business 18/07/2023)
Dubai registers 44% growth in business event bid wins in H1 2023 (WAM 17/07/2023)
22m travel bags handled by Dubai Customs in Dubai Airports during H1 2023 (WAM 17/07/2023)
UAE ranks first regionally for second consecutive year in UNIDO’s Competitive Industrial Performance Index (WAM 17/07/2023)
Mubadala Energy, Masdar collaborate on decarbonisation and energy transition initiatives (WAM 17/07/2023)
Yas Island and Saadiyat Island record significant visitor growth during Eid Al Adha 2023 (Abu Dhabi Media Office 17/07/2023)
UAE-Japan flights: Etihad Airways, Emirates plan to expand services to meet travel demands (Khaleej Times 17/07/2023)
Dubai opens giant market selling fruit unavailable anywhere else in city (Arabian Business 17/07/2023)
UAE Financial News
Hefty fines in Dubai: Up to AED2m for forging credit, debit cards (Arabian Business 24/07/2023)
ADCB reports 23% net profit hike reaching AED1.9b in Q2’23 (WAM 20/07/2023)
FAB logs net profit of AED8.1b in H1 2023 (WAM 20/07/2023)
FAB’s inaugural AED issuance achieves multiple milestones (WAM 20/07/2023)
EDB contributed $953m to UAE's GDP and supported creation of 12,000 jobs in 2022 (The National 20/07/2023)
Corporate tax in UAE: 5 key questions answered (Khaleej Times 20/07/2023)
CBUAE Governor, IMF Managing Director explore areas for cooperation, support global economic growth (WAM 19/07/2023)
Masdar launches first $750m 10-year Green Bond (WAM 19/07/2023)
ADIB achieves significant ESG rating upgrade by Sustainalytics (WAM 19/07/2023)
Ministry of Finance launches Digital Public Consultation (WAM 19/07/2023)
Emergency fund a top financial goal for UAE savers, survey finds (The National 19/07/2023)
FinTech and e-commerce start-ups dominate Mena venture capital funding (The National 18/07/2023)
ADIB launches ‘Istikrar’, UAE’s first long-term, fixed-rate home finance (WAM 17/07/2023)
UAE Mergers & Acquisitions news
EIH Ethmar International Holding acquires stake in Nirvana Holding (WAM 20/07/2023)
UAE bilateral trade news
UAE President participates in International Conference on Development and Migration in Rome (WAM 23/07/2023)
WAM delegation explores cooperation with Australian media institutions (WAM 23/07/2023)
UAE, UN explore opportunities for joint cooperation in climate action, sustainable development and government experience (WAM 22/07/2023)
UAE to showcase defense capabilities and strengthen strategic relations at IDEF in Turkiye (WAM 22/07/2023)
DEWA strengthens its commitment to green mobility by joining CharIN as a core member (WAM 22/07/2023)
Joint Arab-Indian Chamber of Commerce to be set up (WAM 22/07/2023)
(WAM 21/07/2023)
EGA and Japan's ITOCHU sign MoU on aluminium production growth (WAM 20/07/2023)
UAE attends ICAO's Stocktaking 2023 in Canada (WAM 20/07/2023)
UAE-Türkiye Business Council holds its first meeting post-restructuring (WAM 20/07/2023)
Alpha Dhabi, Limak Group Sign MoU to drive sustainable development in UAE and Türkiye (WAM 20/07/2023)
AD Ports Group, Chinese CMEC GROUP sign MoU to establish strategic cooperative relationship (WAM 20/07/2023)
Two major agreements announced at UAE-Türkiye Business Forum to boost cooperation in critical sectors (WAM 20/07/2023)
Türkiye’s First Lady commends Sheikha Fatima’s support for women (WAM 20/07/2023)
UNOOSA and ESA launch new space solutions database linked to Sustainable Development Goals (WAM 20/07/2023)
WAM delegation explores cooperation with New Zealand media institutions (WAM 20/07/2023)
UAE, Egypt to deepen cooperation in higher education and scientific research (WAM 20/07/2023)
M42 collaborates with Japan’s National Institutes for Quantum Science and Technology to share knowledge in cancer radiation therapy (Abu Dhabi Media Office 20/07/2023)
UAE-Turkey airlines offer 237 flights per week (Arabian Business 20/07/2023)
UAE participates in G20 Labour, Employment Ministers’ meeting (WAM 19/07/2023)
Mohammed bin Rashid arrives in Jeddah to attend 18th Consultative Meeting of the leaders of the GCC (WAM 19/07/2023)
Coordination between UAE and Türkiye private sectors enhances intra-regional trade and investments (WAM 19/07/2023)
Dozens of daily flights between UAE, Türkiye enhance economic, tourism cooperation (WAM 19/07/2023)
UAE and Turkish Presidents witness announcement of accord and agreements worth over $50b to boost strategic partnership (WAM 19/07/2023)
UAE-Türkiye partnership a driver of development across next decade (WAM 19/07/2023)
UAE, Türkiye steadfast in implementing Comprehensive Economic Partnership Agreement (WAM 19/07/2023)
UAE and Türkiye drive effective climate change cooperation (WAM 19/07/2023)
UAE and Türkiye forge new paths for economic cooperation, sustainable growth (WAM 19/07/2023)
President of Japan's JAXA praises partnership with UAE (WAM 19/07/2023)
President Erdogan's visit to UAE marks fifth summit in two years, fostering cooperation ties (WAM 19/07/2023)
ADNOC Gas announces $7-9b 14-year LNG Supply agreement with Indian Oil Corporation Ltd (WAM 18/07/2023)
UAE advocates for inclusive trade at 3rd G20 Trade and Investment Working Group in India (WAM 18/07/2023)
UAE President meets with Tunisian Minister of Foreign Affairs (WAM 18/07/2023)
In the presence of Hamed bin Zayed and the Prime Minister of Japan AD Ports Group and Emirates Steel Arkan partner with Japanese companies to develop low-carbon iron complex in Abu Dhabi (Abu Dhabi Media Office 18/07/2023)
Department of Municipalities and Transport delegation visits China to advance urban development and smart city initiatives (Abu Dhabi Media Office 18/07/2023)
India received $90bn in remittances in 2022, with UAE as second-biggest source (The National 18/07/2023)
UAE, Japan sign 23 agreements, MoUs during UAE-Japan Business Forum (WAM 17/07/2023)
Dubai Centre for Family Businesses launches new family business advisory certification programme (WAM 17/07/2023)
Federation of UAE Chambers of Commerce and Industry announces establishment of 'UAE-Japan Business Council (WAM 17/07/2023)
National carriers facilitate trade, tourism connections between UAE and Japan (WAM 17/07/2023)
Non-oil trade between UAE, Japan rises to AED524.4b over last decade (WAM 17/07/2023)
UAE and Japan continue strengthening strategic ties (WAM 17/07/2023)
Kishida's visit to UAE aims to strengthen overall cooperation: Japanese official (WAM 17/07/2023)
Leading up to COP28 in the UAE (30th November - 12th December 2023)
Local Press: UAE plans to guide COP28 towards consensus (WAM 24/07/2023)
Environment Agency – Abu Dhabi outlines plans to accelerate climate action, strengthen emirate’s resilience (WAM 23/07/2023)
COP28 President calls on all countries to join Global Cooling Pledge in the lead up to COP28 (WAM 22/07/2023)
COP28 and IEA convene Global Energy Decision Makers to accelerate a just, orderly energy transition (WAM 21/07/2023)
UAE highlights renewable energy’s key role in peacekeeping operations (WAM 20/07/2023)
UAE announces a special focus on trade at COP28 (WAM 20/07/2023)
DMCC advances agri commodities trade ties with South Asia (WAM 20/07/2023)
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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
