UAE Weekly Business News 26/08/2024
Welcome to Gateway Group's weekly collation of trade and investment headlines shaping the Abu Dhabi and Dubai economies.
Stay up to date with UAE Business
UAE Weekly Business News is the quick and easy way to stay informed about crucial UAE business news and laws, conveniently in one place.
How to use this resource
Scan the headlines and click the ones you want to read in full.
Every Monday
UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically. It's FREE.
UAE Weekly Business News: Issue 203 published 26 August 2024.
UAE FREE ZONE NEWS
DMCC seeks to lure new wave of US firms (Khaleej Times 25/08/2024)
Abu Dhabi Airports Free Zone and MSM Logistic break ground on strategic logistics project in Al Falah District (Abu Dhabi Media Office 23/08/2024)
TECOM unlocks AED2b in growth opportunities with acquisition closure, new development launch (WAM 22/08/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Can I work for a UAE company without a residency visa? (The National 26/08/2024)
UAE visa amnesty: Embassies ready for high demand as citizens seek residency reprieve (The National 25/08/2024)
Working in Abu Dhabi? How to sponsor residence visa for family (Khaleej Times 25/08/2024)
Viral '1-year freelance residency visa' claims refuted by immigration experts (Khaleej Times 22/08/2024)
UAE announces flexible working hours for parents (Arabian Business 22/08/2024)
Sheikha Fatima bint Mubarak initiative equips women with AI skills (WAM 21/08/2024)
Sharjah Ruler approves 400 new jobs for Emirate’s citizens (WAM 21/08/2024)
GEMS Education welcomes 1,850 new teachers for new academic year (Arabian Business 21/08/2024)
UAE court ruling opens door for crypto benefits, not salaries yet (Arabian Business 20/08/2024)
UAE BUSINESS NEWS
Dubai gaming sector to create 30,000 new jobs and add $1bn to GDP by 2033 (Arabian Business 26/08/2024)
UAE non-oil foreign trade continues to set new milestones (WAM 25/08/2024)
ADIHEX 2024 celebrates Emirati heritage, expands business horizons (WAM 25/08/2024)
Emirati Women and Future-Making conference kicks off on Wednesday (WAM 25/08/2024)
UAE: How to get refund for government service fees, fines (Khaleej Times 25/08/2024)
Dubai real estate sector recorded $4b of transactions last week (Arabian Business 25/08/2024)
Abu Dhabi agriculture added $3.9b to GDP in 2023 (Arabian Business 24/08/2024)
Cloud-seeding in the UAE: How scientists are increasing rainfall in the country (Arabian Business 24/08/2024)
Ministry of Finance launches initiatives for 'Zero Government Bureaucracy Programme' (WAM 23/08/2024)
World Utilities Congress 2024 to take place in Abu Dhabi (Abu Dhabi Media Office 23/08/2024)
E7 to begin digital tax stamp production in 2025 (WAM 22/08/2024)
DWTC to host over 100 major events until end of 2024 (WAM 22/08/2024)
DEWA’s R&D Centre develops digital first approach for condition assessment of critical assets (WAM 22/08/2024)
PureHealth partners with Forbes Middle East to host third annual Healthcare Leaders Summit (Abu Dhabi Media Office 22/08/2024)
Every Dubai private school holiday in 2024-2025 (Arabian Business 22/08/2024)
Spike in ‘bleisure travel’ keeps cash counters busy, bottom lines up for UAE hospitality, tourism sector players (Arabian Business 22/08/2024)
Dubai to host world’s largest chocolate and pastry festival Salon du Chocolat et de la Pâtisserie in September (Arabian Business 22/08/2024)
Ikea announces new store in the UAE (Arabian Business 22/08/2024)
du, etisalat by e& partner with Nakheel to provide fixed telecom services for major Dubai projects (WAM 21/08/2024)
EV insurance premiums spike after April rains; some firms reluctant to give coverage (Khaleej Times 21/08/2024)
Millionaire migration: 21% of young and wealthy from UK, France target UAE as new home, report finds (Arabian Business 21/08/2024)
UAE airports handle 71.75 million passengers, 2.16 million tonnes of cargo in H1 2024 (WAM 20/08/2024)
Abu Dhabi hotels welcome 2.4 million guests in five months (WAM 20/08/2024)
Abu Dhabi Airports, IndiGo launch 3 new routes to India (WAM 20/08/2024)
Cleveland Clinic Abu Dhabi performs its first robotic kidney transplant for donor, recipient using one robot (WAM 20/08/2024)
ADREC launches first residential Abu Dhabi Rental Index (WAM 20/08/2024)
Top ten UAE banks exhibited improved asset quality, higher profits in Q2 2024: Report (WAM 20/08/2024)
Emirates Health Services enhances bureaucracy elimination with telemedicine services (WAM 20/08/2024)
UAE Ministry of Education unveils plans for 2024-2025: new schools, exam changes, laptops for students, bus journeys and more (Arabian Business 20/08/2024)
UAE e-commerce giants sign online safety pledge amid $9.2b sales push (Arabian Business 20/08/2024)
Dubai to have 39 new schools, universities and early education centres in 2024-25 (Arabian Business 20/08/2024)
DFSA slaps $980,020 fine on former Mirabaud banker (Arabian Business 20/08/2024)
UAE airports welcomed 72 million passengers in H1 (Arabian Business 20/08/2024)
ADNEC Group gears up for its busiest H2 season of 2024 with a diverse line-up of high-profile events (WAM 19/08/2024)
Abu Dhabi Airports, Groupe ADP extend partnership to enhance advanced air mobility infrastructure in emirate (WAM 19/08/2024)
Ministry of Industry and Advanced Technology's 'Compliance Pledge' boosts consumer confidence in online products (WAM 19/08/2024)
UAE FINANCIAL NEWS
No corporate tax for qualifying investment funds (Khaleej Times 25/08/2024)
Getting UAE salary in crypto? Experts warn against using income for big investments (Khaleej Times 24/08/2024)
AED54b in new 3-month deposits at UAE banks in 5 months (WAM 23/08/2024)
NMDC Group to list NMDC Energy on ADX (WAM 23/08/2024)
CBUAE revokes licence of Muthoot Exchange (WAM 22/08/2024)
Invest Bank partners with Network International to enhance its digital payments offering (WAM 22/08/2024)
How UAE’s high-net-worth individuals can avoid tax and financial pitfalls (The National 21/08/2024)
UAE’s Phoenix Group, Tether to launch Dirham-pegged stablecoin (Arabian Business 21/08/2024)
Astra Tech’s PayBy launches POS device with built-in QR code, payment link generation (Arabian Business 20/08/2024)
UAE banks' ATMs increased by 15, totalling 4,669 at end of Q1 2024 (WAM 19/08/2024)
UAE M&A NEWS
Mubadala co-invests in UCB's mature business in China (WAM 26/08/2024)
EGA to acquire 80% of US recycling firm Spectro Alloys (WAM 22/08/2024)
Mubadala invests in Yondr Group to develop hyperscale data centres (WAM 21/08/2024)
UAE BILATERAL TRADE NEWS
DCD Abu Dhabi delegation visits New Zealand, explores practices for advancing community quality of life (Arabian Business 24/08/2024)
Malaysia holds talks with GCC for free-trade agreement with UAE, Saudi, Kuwait, Bahrain, Qatar and Oman (Arabian Business 24/08/2024)
UAE President receives invitation from Saudi Crown Prince (WAM 23/08/2024)
Presidents of UAE, Guinea-Bissau discuss bilateral cooperation (WAM 23/08/2024)
Dubai Business Forum – China highlights D33 promising opportunities for Chinese investors (WAM 22/08/2024)
TAQA, JERA announce financial closing of SATORP cogeneration plant expansion in Saudi Arabia (WAM 22/08/2024)
UAE economy thrives on favourable investment environment, Ambassador tells Dubai Business Forum – China (WAM 22/08/2024)
ADNOC, PETRONAS and Storegga to collaborate on offshore carbon capture and storage in Malaysia (WAM 20/08/2024)
Pearl Petroleum terminates Kurdistan EPC contract with Enerflex (Arabian Business 20/08/2024)
Abdullah bin Zayed, Australian FM discuss bilateral relations (WAM 20/08/2024)
If you found this blog post informative and helpful, please show your support by clicking the ❤️ at the bottom of the page. Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
