UAE Weekly Business News 27/05/2024
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UAE Weekly Business News: Issue 190 published 27th May 2024.
UAE FREE ZONE NEWS
24 French asset management firms with $1.6t AUM convene for second UAE – France Investor Meetup (WAM 23/05/2024)
Neelkanth Cables targets global expansion with new AED130m manufacturing facility at Dubai Industrial City (WAM 23/05/2024)
Dubai South, Aldar to develop build-to-suit facility for global logistics firm Kuehne+Nagel (WAM 22/05/2024)
Dubai Studio City boosts regional creative economy at CABSAT 2024 (WAM 22/05/2024)
Investment platform Sarwa fined by Abu Dhabi Global Market regulator and DFSA (The National 21/05/2024)
211% surge in AUM at ADGM in Q1 2024 (WAM 20/05/2024)
National Bonds joins DIFC's DEWS Plan (WAM 20/05/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Abu Dhabi Centre for Technical and Vocational Education and Training Skills Hub initiative secures employment for 40 UAE Nationals (Abu Dhabi Media Office 27/05/2024)
Graduated from a private university? Here's how to get your documents attested (Khaleej Times 26/05/2024)
UAE visit visa: How to pay overstay fines online in six steps (Khaleej Times 26/05/2024)
UAE Emiratisation reaches new high as private sector hires over 100,000 workers (Arabian Business 26/05/2024)
UAE visit visa: Overstaying, absconding visitors cause fines, penalties for travel agencies (Khaleej Times 25/05/2024)
Dubai: Indians eligible for pre-approved visa on arrival must first apply online (Khaleej Times 24/05/2024)
Visit visa holders urged to carry AED3,000 in cash or credit, return tickets, proof of stay (Khaleej Times 24/05/2024)
UAE Media Council, ETCC launch ‘Media Apprenticeship’ programme (WAM 23/05/2024)
10-year Blue Visa in UAE: Which jobs could get you the long-term residency (Khaleej Times 23/05/2024)
No visa restrictions on Egyptians (Khaleej Times 23/05/2024)
GPSSA outlines 3 pivotal steps to receive insurance benefits (WAM 22/05/2024)
MoHRE urges private sector companies to meet H1 2024 Emiratisation targets before June 30 (WAM 21/05/2024)
UAE flying taxi firm recruiting and training pilots for Dubai to Abu Dhabi commute take-off in 2025 (Arabian Business 20/05/2024)
UAE BUSINESS NEWS
Third 'Make It in the Emirates Forum' kicks off (WAM 27/05/2024)
UAE to boost industrial sector with additional $6.3b in financing (The National 27/05/2024)
Core42’s first consumer AI product to launch soon, cementing UAE’s status as major global tech hub (Arabian Business 27/05/2024)
UAE ranks as second most hardworking country, residents enjoy ‘out of home’ entertainment: Report (Arabian Business 27/05/2024)
Nakheel awards contracts for the commencement of infrastructure works on Palm Jebel Ali (Government of Dubai Media Office 26/05/2024)
UAE aims to boost industrial investment at Make it in the Emirates Forum (The National 26/05/2024)
UAE tourism sector eyes 40m guests, Dh100b new investments by 2031 (Khaleej Times 26/05/2024)
Leaving Dubai for good? 8 things expats need to do before the big move (Khaleej Times 26/05/2024)
High oil prices stimulate Dubai economy (Khaleej Times 26/05/2024)
Abu Dhabi authority shuts cafeteria down due to ‘high-risk’ violations (Arabian Business 26/05/2024)
How UAE’s technological prowess shapes the future of enterprise (WAM 25/05/2024)
Emirates Drug Establishment developing plans for Regulatory Practices in UAE’s Pharmaceutical Sector (WAM 25/05/2024)
Abu Dhabi needs more Grade A office space to meet rising occupier demand (The National 25/05/2024)
Dubai and Abu Dhabi office sectors see rent increases in Q1 (Arabian Business 25/05/2024)
Dubai records real estate transactions worth AED15.45b this week (Arabian Business 25/05/2024)
AD Ports Group launches Maritime Sustainability Research Centre (WAM 24/05/2024)
Top 17 companies in Investment Readiness Acceleration Programme for Women Entrepreneurs announced (WAM 24/05/2024)
ENOC Group leverages Commvault’s hybrid cyber resilience solutions to drive efficiency, business continuity (WAM 24/05/2024)
RTA releases new version of its App for seamless access to services (WAM 24/05/2024)
Abu Dhabi to host 10th Education Interface Exhibition on May 27 (WAM 24/05/2024)
Abu Dhabi Airports, Etihad Airport Services partner to strengthen airport ground services (WAM 24/05/2024)
'Emerge' announces energisation of solar projects at Yas Bay Waterfront, Yas Marina Circuit (WAM 24/05/2024)
Environment Agency – Abu Dhabi closes industrial facility for violating environmental laws (WAM 24/05/2024)
Emirates signs interline deal with Mexico’s Viva Aerobus (Arabian Business 24/05/2024)
Burjeel Medical City successfully completes complex ABO incompatible kidney transplant (WAM 23/05/2024)
CABSAT 2024 successfully concludes its 30th edition (WAM 23/05/2024)
Second edition of Integrate Middle East concludes (WAM 23/05/2024)
RTA upgrades 900 lighting units to LED technology along 9km of Sheikh Rashid Street (WAM 23/05/2024)
EWEC conducts Q2 2024 Clean Energy Certificates Auction (WAM 23/05/2024)
'ISNR Talks' discusses cybersecurity challenges, solutions to protect critical infrastructure (WAM 23/05/2024)
Abu Dhabi’s office, industrial sectors showcase robust growth in Q1, 2024 amid economic expansion: Savills (Arabian Business 23/05/2024)
Emirates announces codeshare partnership with Avianca (Arabian Business 23/05/2024)
du ranks among global top 25 telecom brands, 3rd strongest in UAE (Arabian Business 23/05/2024)
Presight signs MoU with Obvious Technologies to enhance Emergency Management through AI, Big Data analytics (WAM 22/05/2024)
UAE Football Association signs MoU with Cybersecurity Council (WAM 22/05/2024)
UAE President receives President of World Bank Group (WAM 22/05/2024)
AI advancements, integration driving Pro AV industry up for discussion at Integrate Middle East 2024 (WAM 22/05/2024)
Minister of Economy participates in SALT iConnections Forum to highlight UAE’s status as a prime hub for global partnerships (WAM 22/05/2024)
CABSAT 2024 continues to reveal transformative trends and innovations within media and entertainment landscape (WAM 22/05/2024)
Hotel Show 2024 to focus on technology, sustainability, wellness (WAM 22/05/2024)
FNC recommends developing regulatory frameworks for industrial activities, green economy (WAM 22/05/2024)
Dubai Health Authority, University of Birmingham Dubai partner to develop healthcare sector (WAM 22/05/2024)
Saadiyat Cultural District Abu Dhabi on track for completion in 2025: DCT Abu Dhabi (WAM 22/05/2024)
Enhancing biodiversity is key to restoring Mother Nature, achieving UAE sustainable development: Amna Al Dahak (WAM 22/05/2024)
Sheikh Shakhbout Medical City inaugurates Centre of Innovation and Medical Simulation (WAM 22/05/2024)
Saif bin Zayed launches Rabdan Security and Defence Institute at ISNR 2024 Conference (WAM 22/05/2024)
UAE companies showcasing latest innovations at ISNR Abu Dhabi 2024 (WAM 22/05/2024)
ATERMES unveils NexGen surveillance system at ISNR Abu Dhabi (WAM 22/05/2024)
Abu Dhabi Global Healthcare Week fosters dialogue on future of healthcare (Abu Dhabi Media Office 22/05/2024)
World’s ultra-rich to spend $4.4b to buy property in Dubai (The National 22/05/2024)
Spinneys launches ‘The Kitchen by Spinneys’ at Dubai Mall (Arabian Business 22/05/2024)
Etihad goes back to the future (Arabian Business 22/05/2024)
Startups in UAE, MENA region witness rising record capital as investors prioritise profits over growth (Arabian Business 22/05/2024)
YouGov survey reveals two-thirds of UAE, Saudi Arabia residents boycott brands after scandal (Arabian Business 22/05/2024)
Hamdan bin Mohammed launches ‘One Million Prompters’ initiative to galvanise AI workforce for job market (WAM 21/05/2024)
UAEAA and ESCD sign cooperation MoU (WAM 21/05/2024)
Abu Dhabi Department of Education and Knowledge evaluates 153 schools in National Identity Mark inspections (WAM 21/05/2024)
UAE tops MENA region in WEF's Travel and Tourism Development Index (WAM 21/05/2024)
Pfizer unveils new treatment for alopecia areata in UAE (WAM 21/05/2024)
DXB welcomes 23 million passengers in Q1 2024 (WAM 21/05/2024)
EAD to ban single-use Styrofoam products from June 1 (WAM 21/05/2024)
105% increase in licences issued for bunkering companies in Dubai (WAM 21/05/2024)
Dubai airport revises 2024 passenger forecast to record 91 million (The National 21/05/2024)
Dubai hits stride as global hub for Web3 gaming with GameFi mainstream in UAE (Arabian Business 21/05/2024)
Khaled bin Mohamed bin Zayed witnesses signing ceremony formalising EDGE Group-Fincantieri shipbuilding JV MAESTRAL (WAM 20/05/2024)
MoEI, Etihad WE formalise UAEV joint venture to deliver best-in-class EV fast-charging infrastructure (WAM 20/05/2024)
MoHAP launches National Survey for Health and Nutrition 2024 to bolster UAE’s public health policies (WAM 20/05/2024)
Dubai World Trade Centre events generated $5bn in economic output last year (The National 20/05/2024)
UAE ranks world’s top in fibre to home penetration at 99.3% (Khaleej Times 20/05/2024)
UAE hospitality thriving as more flights and busier hotels point to 2024 growth: CBRE (Arabian Business 20/05/2024)
UAE and Saudi honey markets buzzing as they celebrate a busy World Bee Day (Arabian Business 20/05/2024)
UAE FINANCIAL NEWS
Federal Tax Authority releases much-anticipated free zone persons guide (Khaleej Times 26/05/2024)
Islamic banks assets increased by AED86b over past 12 months (WAM 24/05/2024)
Chimera S&P Japan UCITS ETF launched, to list on ADX 29 May (WAM 23/05/2024)
FTA renews call for juridical persons with licences issued in January, February to submit registration applications for Corporate Tax by 31 May 2024 (WAM 23/05/2024)
UAE’s economy grew by 3.6% in 2023 on non-oil growth (The National 23/05/2024)
Middle East’s tech development to transform global finance with AI in native languages (Arabian Business 23/05/2024)
UAE proptech Huspy secures major funding round led by Balderton Capital (Arabian Business 23/05/2024)
CBUAE announces M-Bills Auction on 27th May (WAM 22/05/2024)
Islamic T-Sukuk auction received bids worth AED9.81b, oversubscription of 8.9 times (WAM 22/05/2024)
ECI records 21-fold growth in gross exposure by end-2023 to reach AED9.6b in 5 years (WAM 22/05/2024)
Emirates Islamic issues $750m Sustainability Sukuk (WAM 22/05/2024)
UAE economy to maintain its positive trajectory throughout 2024 (WAM 22/05/2024)
Deyaar to gain $12m in Q2 results after settling dispute (Arabian Business 22/05/2024)
UAE-listed banks lead GCC in Q-o-Q growth in 2024 at 5.6% (WAM 21/05/2024)
Yalla Group reports AED289m in revenues in Q1 24 (WAM 21/05/2024)
ADX logs large direct deal on ADNOC Gas worth AED45.7m (WAM 21/05/2024)
AED1.4b in local stock market liquidity at start of week (WAM 20/05/2024)
ADX commences Global Investor Roadshow in New York (WAM 20/05/2024)
IMF expects UAE economy to grow by 4% in 2024 (WAM 20/05/2024)
UAE MERGERS AND ACQUISITIONS NEWS
FAB issues statement on report it was acquiring Turkey’s Yapi Kredi (Arabian Business 22/05/2024)
Response Plus Holding completes acquisition of Prometheus Medical (WAM 21/05/2024)
Tadweer Group and DUBAL Holding acquire Enviroserve (Abu Dhabi Media Office 20/05/2024)
UAE BILATERAL TRADE NEWS
UAE, China discuss enhancing cooperation in media sector (WAM 26/05/2024)
DP World and Mawani break ground on $250 million logistics park at Jeddah Islamic Port (WAM 26/05/2024)
Abu Dhabi Music and Arts Foundation partners with Seoul Metropolitan Government to promote cross-cultural exchange (Abu Dhabi Media Office 25/05/2024)
UAE President to begin state visit to China on 30 May (WAM 24/05/2024)
DIFC Courts signs cooperation agreement with Law Society Hong Kong (WAM 24/05/2024)
Zayed Higher Organisation explores disability care, rehabilitation practices in Russia (WAM 24/05/2024)
UAE President receives President of Iraq's Kurdistan Region (WAM 24/05/2024)
UAE’s Lulu Group to set up logistics and processing centre in Punjab (Arabian Business 24/05/2024)
Ministers of State attend opening of new UAE embassy in Latvia (WAM 23/05/2024)
Xi Jinping affirms importance of deepening China-GCC industrial, investment cooperation (WAM 23/05/2024)
Dubai Production City to participate in drupa 2024 in Germany (WAM 23/05/2024)
Abdullah bin Zayed receives Yemen's Minister of Foreign Affairs and Expatriate Affairs (WAM 23/05/2024)
Masdar signs strategic agreements to support Indonesia’s energy transition during World Water Forum (WAM 22/05/2024)
Dubai Chambers showcases Dubai’s competitive advantages at Africa CEO Forum in Rwanda (WAM 22/05/2024)
UAE, France sign MoU on artificial intelligence (WAM 22/05/2024)
UAE President to commence state visit to Republic of Korea on 28 May (WAM 22/05/2024)
UAE takes part in inaugural meetings of Doha Dialogue (WAM 22/05/2024)
Abu Dhabi's G42 and Microsoft invest $1bn in Kenya's digital infrastructure (The National 22/05/2024)
UAE announces groundbreaking of Mohamed bin Zayed - Joko Widodo International Mangrove Research Centre in Indonesia (WAM 21/05/2024)
Abu Dhabi hosts second meeting of UAE-Armenia Joint Committee (WAM 21/05/2024)
Mubadala makes first renewable energy investment in Japan (WAM 20/05/2024)
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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
