UAE Weekly Business News 26/06/23
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UAE Weekly Business News, Issue 142. 26th June 2023.
UAE free zones news
DIEZ announces exceptional sustainability achievements in 2022 (WAM 25/06/2023)
Hub71 adds 15 startups to join Abu Dhabi’s tech ecosystem (WAM 22/06/2023)
ADGM’s Registration Authority imposes financial penalties of $144,000 on two ADGM-registered firms (WAM 21/06/2023)
RAKEZ launches ‘open yards’ to support diverse business activities (WAM 21/06/2023)
Rabdan Academy, ADGMA to enhance safety and security in Abu Dhabi's financial sector (WAM 20/06/2023)
Abu Dhabi startup ecosystem fastest growing in MENA region and 6th fastest globally (Abu Dhabi Media Office 20/06/2023)
DIFC to build ‘Dubai AI & Web 3.0 Campus' (WAM 19/06/2023)
UAE employment, visa and Emiratisation news
Stressed UAE workers trust bosses to help them from burning out (Arabian Business 23/06/2023)
(WAM 22/06/2023)
Nafis opens applications for Emiratis to join 2nd batch of National Healthcare Programme (WAM 21/06/2023)
MoHRE imposes AED100,000 fine on company proven to circumvent Emiratisation targets (WAM 20/06/2023)
Emirates airline to raise wages to offset rising cost of living (The National 20/06/2023)
Over 4,860 private companies attended Emiratisation-related workshops since January 2023 (WAM 19/06/2023)
UAE business and economy news
Abu Dhabi’s Environment Agency announces official launch of ADERN (WAM 26/06/2023)
Zayed bin Hamdan bin Zayed chairs UAE Media Council meeting and gives directives for comprehensive strategy to further enhance media sector (Abu Dhabi Media Office 26/06/2023)
Dubai real estate: Property sales soar 46.71% in first quarter, strong growth expected in 2023 (Arabian Business 26/06/2023)
UAE GDP grows by 7.9% in 2022 (WAM 25/06/2023)
Dubai airports welcome 26m passengers in 2023, 9m use smart gates (Arabian Business 25/06/2023)
Ministry of Climate Change and Environment initiates national survey plan to count animals and their products in commercial animal production farms (WAM 25/06/2023)
AD Ports Group partners with Premier Marine to establish 'SAFEEN Drydocks' (WAM 25/06/2023)
Ministry of Climate Change and the Environment, MENA Fintech Association launch 'Sustainable Fintech Pledge' (WAM 25/06/2023)
Tom Cruise arrives on first flight into Abu Dhabi International Airport’s new Midfield Terminal (WAM 25/06/2023)
Sorbonne University Abu Dhabi launches Research Institute to foster innovation and collaboration (WAM 25/06/2023)
DHA attracts Korean investments to establish Dubai’s first specialized gastroenterology hospital (Government of Dubai Media Office 25/06/2023)
Over 900,000 passengers expected to pass through Abu Dhabi International Airport during Eid (WAM 24/06/2023)
DLD unveils incentive benefits of real estate investment trusts, inviting eligible companies to register (WAM 24/06/2023)
Strata Manufacturing expands capabilities with state-of-the-art technology supporting development of Abu Dhabi’s aerospace industry (Abu Dhabi Media Office 24/06/2023)
Abu Dhabi Municipality calls for contracting firms to enlist in classification system (WAM 23/06/2023)
Abu Dhabi Statistics Stakeholders Forum 2023 explores ways to enhance statistical ecosystem (WAM 23/06/2023)
ADFW to return for its second edition in November 2023 (WAM 23/06/2023)
Dubai's weeklong real estate transactions exceed AED15.6b (WAM 23/06/2023)
WAM delegation explores media cooperation with top German media organisations (WAM 23/06/2023)
UAE Council for Environmental and Municipal Work tackles HFC emissions, approves plan to phase out plastics (WAM 23/06/2023)
GCAA to host third ICAO Conference on Aviation and Alternative Fuels (WAM 23/06/2023)
Environment Agency-Abu Dhabi, du unite for digital sustainability (WAM 23/06/2023)
EDB highlights role of renewable energy financing in UAE's sustainability goals (WAM 23/06/2023)
Emirati Genome Programme launches new visual identity (WAM 23/06/2023)
Insurance mandatory for foreign vehicles entering UAE by land at Al Ghuwaifat Port Station starting June 26th (WAM 23/06/2023)
Department of Community Development reports high satisfaction rates for quality of life in Abu Dhabi (Abu Dhabi Media Office 23/06/2023)
Adnoc Drilling secures $2b offshore jack-up contracts (The National 23/06/2023)
Abu Dhabi Chamber of Commerce and Industry appoints Al Qubaisi as CEO (The National 23/06/2023)
Azizi to build Dubai’s newest seven-star hotel, second tallest in the world (Arabian Business 23/06/2023)
FIFA postpones Beach Soccer World Cup in UAE until 2024 (Arabian Business 23/06/2023)
FANR highlights regulatory framework to ensure cyber security of barakah nuclear power plant (WAM 22/06/2023)
Dubai consolidates its status as one of world’s most technologically advanced cities (WAM 22/06/2023)
Dubai’s Department of Economy and Tourism, Mastercard launch unique Digital City Partnership (WAM 22/06/2023)
Etihad Airways to expand mutual agreement with SF Airlines (WAM 22/06/2023)
UAE economy shows remarkable nimbleness (WAM 22/06/2023)
Strata completes installation of hot press equipment, commences production for Pilatus (WAM 22/06/2023)
Department of Culture and Tourism – Abu Dhabi continues sustainable growth to reach 24m visitors target for 2023 (Abu Dhabi Media Office 22/06/2023)
Zero trust strategies are top cloud security priority in Middle East, report finds (The National 22/06/2023)
Abu Dhabi planning to boost tourism's contribution to 12% of GDP (The National 22/06/2023)
Dubai not a place to ‘hide your achievements,’ says former UK PM David Cameron (Arabian Business 22/06/2023)
flydubai launches first-ever UAE flight service to Italy’s Olbia (Arabian Business 22/06/2023)
Emirates Flight Catering, GMG partner to launch ready-to-go meals (Arabian Business 22/06/2023)
UAE Government develops new transformational targets to transform government work (WAM 21/06/2023)
UAE’s airports received 31.8m passengers in Q1 (WAM 21/06/2023)
Hamdan bin Mohammed launches Dubai’s Digital Strategy (WAM 21/06/2023)
Ministry of Climate Change and Environment forms task force to bolster National Farm Sustainability Initiative (WAM 21/06/2023)
FTA becomes world’s first government tax authority to receive Corporate Ethical Procurement and supply certificate (WAM 21/06/2023)
Ministry of Education replaces university qualification equivalency system with new recognition system (WAM 21/06/2023)
Global Village tops list of most visited destinations in UAE (WAM 21/06/2023)
National Committee for Biosecurity reviews UAE's efforts on biological threats (WAM 21/06/2023)
Inside the Abu Dhabi lab where 3D printers are churning out rocket parts (The National 21/06/2023)
Dubai's Emirates among top 10 airlines globally, dubbed 'most family-friendly' in Middle East (Khaleej Times 21/06/2023)
Abu Dhabi researchers develop new COVID-19 test bandage (Arabian Business 22/06/2023)
MoIAT, MoE reduce ICV certification fee for SMEs registered in National Programme (WAM 20/06/2023)
EDB launches AED100 mn AgriTech loans programme to boost UAE food security (WAM 20/06/2023)
Abu Dhabi’s Technology Innovation Institute launches first-in-region hardware security research labs (WAM 20/06/2023)
ADNOC L&S takes delivery of first newbuild Very Large Crude Carrier (WAM 20/06/2023)
Mohammed bin Rashid congratulates UAE’s President, people on global achievements (WAM 20/06/2023)
AAU ranked 1st in UAE and top 200 worldwide on Times Higher Education Impact Rankings (WAM 20/06/2023)
UAE voted Arab youth's top choice to live for 12th year in a row (WAM 20/06/2023)
Daily passenger at DXB to top 252,000 during upcoming travel peak season (WAM 20/06/2023)
ADAFSA to conduct extensive Total Diet Study in Abu Dhabi, evaluating food contaminants (WAM 20/06/2023)
Adipec to focus on accelerating actions to tackle energy challenges (The National 20/06/2023)
Sheikh Mohammed bin Rashid says young Arabs can achieve dreams in UAE (The National 20/06/2023)
Wizz Air Abu Dhabi announces Cairo flights, adds 10th aircraft to fleet (Arabian Business 20/06/2023)
UAE, Saudi Arabia construction market to grow driven by ChatGPT, technology (Arabian Business 20/06/2023)
UAE Gen Z prefer Buy Now, Pay Later scheme, digital payments, says Amazon report (Arabian Business 20/06/2023)
Dubai announces major $22b sewerage system plan (Arabian Business 20/06/2023)
Dubai’s Majid Al Futtaim, Tabby announces plan to offer buy now, pay later (Arabian Business 20/06/2023)
Hamdan bin Mohammed approves new strategic projects to enhance Dubai’s competitiveness (WAM 19/06/2023)
flydubai expects over 4.5m passengers to travel across its network this summer (WAM 19/06/2023)
Etihad Airways launches inaugural flight to Lisbon (WAM 19/06/2023)
UAE Financial News
UAE banks’ aggregate capital and reserves up 10% by April-end (WAM 23/06/2023)
DFM delists shares of three companies (WAM 23/06/2023)
CBUAE's gold reserves up 41% YoY (WAM 22/06/2023)
UAE banking system maintained stable funding in Q1-23: CBUAE (WAM 22/06/2023)
UAE Central Bank raises non-oil economic growth forecast for 2023 on tourism boost (The National 22/06/2023)
IPOs and rise in debt deals to boost Citi’s Middle East and Africa business (The National 22/06/2023)
CBUAE maintains growth forecast unchanged at 4.3% for 2024 (WAM 21/06/2023)
FAB Global Investment Outlook event forecasts high interest rates to remain into 2024 (WAM 21/06/2023)
New CBUAE Rulebook provides financial sector stakeholders further accessibility to regulations (WAM 21/06/2023)
Gross banks’ assets up to AED3.8t at end of April 2023: CBUAE (WAM 20/06/2023)
CBUAE’s foreign assets hit all-time high to AED574b in April-end (WAM 20/06/2023)
UAE Central Bank’s balance sheet up 6.3% to AED631.6b at end of April 2023, the largest ever in its history (WAM 20/06/2023)
Nasdaq Dubai celebrates listing of US$500m Sukuk by Arada (WAM 20/06/2023)
AD Ports Group to manage and operate multipurpose terminal in Congo’s Pointe-Noire Port (WAM 20/06/2023)
Islamic banks' assets up to AED650b by end of March 2023: CBUAE (WAM 20/06/2023)
Middle East's assets under management hit $1.3t in 2022 (The National 20/06/2023)
Blockchain remittances in spotlight in Middle East as Swiss fintech Centi eyes entry (Arabian Business 20/06/2023)
Al Maryah Community Bank collaborates with Khalifa Fund to launch 'Corporate Banking Platform' (WAM 19/06/2023)
Emirates NBD serves over 17m customers in 13 countries (WAM 19/06/2023)
UAE Mergers & Acquisitions news
TAQA to expand portfolio with acquisition of SWS Holding for AED1.7b (WAM 21/06/2023)
Ethmar International Holding acquires Lamar Residences on Abu Dhabi's Al Raha Beach (WAM 20/06/2023)
Emirates Steel Arkan to demerge steel and building material businesses (Arabian Business 20/06/2023)
Abu Dhabi's IHC signs share swap agreement with Colombian businesses (WAM 19/06/2023)
UAE bilateral trade news
Minister of Economy discusses tourism cooperation with Indian, British, Indonesian and Japanese ministers (WAM 25/06/2023)
DP World signs deal to double capacity at Indonesia’s Belawan new container terminal (WAM 23/06/2023)
Dubai Chamber of Digital Economy engages with over 50 tech companies at GITEX Africa (WAM 23/06/2023)
Al Sayegh meets Lord Ahmad of Wimbledon to discuss bilateral cooperation (WAM 23/06/2023)
Saeed Mubarak Al Hajeri meets President of Cyprus, discusses investment opportunities and trade cooperation (WAM 23/06/2023)
Emirates Mission to Asteroid Belt science team participates in US conference (WAM 23/06/2023)
UAE President receives phone call from President of the Philippines (WAM 23/06/2023)
UAE-Belarus Joint Committee holds sixth meeting (WAM 23/06/2023)
UAE reiterates commitment to advancing sustainable tourism growth at G20 Tourism Ministers' Meeting Dubai Chambers showcases emirate’s pioneering model for promoting global trade at 13th World Chambers Congress (WAM 22/06/2023)
DP World advances electrification projects in Brazil (WAM 22/06/2023)
UAE President receives Turkish Vice President (WAM 22/06/2023)
UAE President receives Iran’s Foreign Minister (WAM 22/06/2023)
Abdullah bin Zayed receives Iran FM, discuss bilateral relations between two countries (WAM 22/06/2023)
AD Ports Group signs 50-year concession agreement with Karachi Port Trust for container terminal (WAM 22/06/2023)
Al Hussaini participates in second OPEC Fund Development Forum and Ministerial Council Meeting (WAM 22/06/2023)
Sheikh Shakhboot bin Nahyan receives Uganda's State Minister for Foreign Affairs (WAM 22/06/2023)
Working group submits proposals to improve infrastructure financing (The National 22/06/2023)
UAE, Iran sign air transport services agreement (Khaleej Times 22/06/2023)
Federation of UAE Chambers, International Development Bank Launch 'Ma’an' Initiative (WAM 21/06/2023)
dnata Catering & Retail extends partnership with Lufthansa German Airlines, Swiss International Air Lines in Singapore (WAM 21/06/2023)
Mansour bin Zayed receives Uzbekistan's Minister of Foreign Affairs (WAM 21/06/2023)
DEWA hosts Hong Kong delegation to foster cooperation in advanced technologies (WAM 21/06/2023)
15th UAE-France Strategic Dialogue discusses growing UAE-France cooperation (WAM 21/06/2023)
Dubai International Chamber opens new office in Johannesburg (WAM 20/06/2023)
Khalifa Fund partners with Bahrain’s Hope Ventures to expand Beban TV show to UAE (WAM 20/06/2023)
DFM successfully concludes international investor roadshow in London (WAM 20/06/2023)
ADX delegation concludes second London roadshow (WAM 20/06/2023)
Sanad, GE Aerospace and Safran Aircraft Engines sign landmark agreement (WAM 20/06/2023)
Hamdan bin Mohammed meets with President of Malta (WAM 20/06/2023)
UAE President receives message from Sultan of Oman discussing bilateral ties (WAM 20/06/2023)
Edge and Brazilian Navy team up to develop anti-ship missiles (WAM 20/06/2023)
UAE Foreign Minister, Estonian counterpart discuss promoting cooperation (WAM 20/06/2023)
Princeton Digital Group and Tata Power Renewables join forces through 25-year renewable energy agreement (WAM 19/06/2023)
UAE and Canada set to strengthen defence industry collaboration (WAM 19/06/2023)
Reem Al Hashimy visits Venezuela as part of Latin America and Caribbean trip (WAM 19/06/2023)
Leading up to COP28 in the UAE (30th November - 12th December 2023)
UAEU launches its COP28 roadmap (WAM 23/06/2023)
Protecting lives and livelihoods central to global climate response, says COP28 President-Designate (WAM 23/06/2023)
‘Cause for optimism on raising ambition at COP28’: Finland’s Climate Envoy (WAM 22/06/2023)
COP28 President-Designate calls for climate finance reform to unlock Africa’s clean energy potential (WAM 20/06/2023)
UAE, Kenya to cooperate on climate action at African Climate Action Summit and COP28 (WAM 20/06/2023)
UAE Alliance for Climate Action announces new members at Road to COP28 event in Dubai (WAM 20/06/2023)
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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
