UAE Weekly Business News 28/11/23
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UAE Weekly Business News, Issue 164. 28th November 2023.
UAE free zones news
ADGM launches ‘Numou’ a revolutionary SME Financing digital platform (WAM 28/11/2023)
DMCC and SWEID & SWEID launch landmark grade-a office development in JLT district (Government of Dubai Media Office 28/11/2023)
Jafza completes phase 1 of new logistics park RAKEZ launches COP28 business set-up offer to drive sustainable growth (WAM 27/11/2023)
DMCC sees 17% year-to-date increase in Turkish company registrations as it concludes roadshow in Türkiye (WAM 27/11/2023)
Trading platform eToro receives ADGM approval to operate in UAE (The National 27/11/2023)
UAE free zone announces no-fee business set-up service ahead of COP28 (Arabian Business 27/11/2023)
Christopher Hohn and Christian Angermayer set up ADGM base (The National 23/11/2023)
ADGM's Financial Services Regulatory Authority signs MoU with Hong Kong Monetary Authority (WAM 22/11/2023)
Masdar City Free Zone introduces specialised AI business package (WAM 22/11/2023)
ADGM FSRA publishes its Business Plan for 2024 (WAM 20/11/2023)
UAE employment, visa and Emiratisation news
Etihad Aviation Group, Emirati Talent Competitiveness Council expand collaboration (WAM 28/11/2023)
GPSSA’s new pension law applies to Emiratis joining work starting October 31 (WAM 27/11/2023)
ETCC, Emirates Airline to foster joint collaboration (WAM 27/11/2023)
93% rise in hiring Emirati at AUS in 2023: Bodour Al Qasimi (WAM 22/11/2023)
More women appointed to company boards in UAE in 2023: Report (Arabian Business 21/11/2023)
UAE business and trade news
PureHealth launches 'Dawak' digital pharmacy platform (WAM 28/11/2023)
Abu Dhabi Airport anticipates over 22 million travellers in 2023 (WAM 28/11/2023)
UAE retrofit start-up puts classic cars on road to green future (WAM 28/11/2023)
Dubai Metro Blue Line to reduce traffic and boost business (WAM 28/11/2023)
Etihad Rail's first Emirati female train driver shares dream (WAM 28/11/2023)
Biometrics streamline operations at Abu Dhabi new terminal (The National 28/11/2023)
Dubai airport braces for 'busiest winter ever'; new flights to 9 destinations announced (Khaleej Times 28/11/2023)
DCT Abu Dhabi partners with Bioniq to elevate wellness offering at hotels (Arabian Business 28/11/2023)
Dubai real estate: Ultra-rich target mansions in hunt for privacy (Arabian Business 28/11/2023)
A new dawn for real estate as UAE prepares to exit FATF Grey List (Arabian Business 28/11/2023)
Etihad airways, Air France-KLM announce frequent flyer partnership (WAM 27/11/2023)
25th Gulf Engineering Forum set for February 2024 (WAM 27/11/2023)
Abu Dhabi International Food Exhibition sees action-packed agenda of vibrant exhibitions, events and agreements (WAM 27/11/2023)
Record growth in numbers, quality at Dubai private schools: KHDA (WAM 27/11/2023)
Mohammad Al Gergawi: ‘The future is built on visions, hard work, determination, confidence and optimism’ (WAM 27/11/2023)
Agthia Group advances sustainability commitment with two solar energy projects (WAM 27/11/2023)
December's Stage: UAE set to host global events, strengthening Its global standing (WAM 27/11/2023)
Air Arabia launches new flights to Phuket (WAM 27/11/2023)
ADJD released 82,000 electronic judicial rulings through publication since 2020 (WAM 27/11/2023)
Cleveland Clinic Abu Dhabi achieves ACCME accreditation milestone in UAE (WAM 27/11/2023)
Global experts at Medlab Middle East to highlight importance of sustainability in laboratories (WAM 27/11/2023)
Abu Dhabi inaugurates first Safety Centre in Sheikh Shakhbout Medical City (WAM 27/11/2023)
EWEC opens Q4 2023 Clean Energy Certificates auction (WAM 27/11/2023)
UAE economic performance surpasses expectations amid investment in new sectors (The National 27/11/2023)
Middle East leisure and entertainment industry to hit $14bn by 2028 on surge in experience economy (Arabian Business 27/11/2023)
DP World and IRENA partner to decarbonise ports, maritime and logistics sectors (WAM 26/11/2023)
WGES brings together renowned local and international officials, decision-makers and experts (WAM 26/11/2023)
ICAO members adopt Dubai Framework, a new global framework for sustainable, cleaner aviation fuel during CAAF/3 (WAM 26/11/2023)
Dubai builds stake in future with its readiness to explore groundbreaking ideas and fast-track qualitative change (WAM 26/11/2023)
Dubai Future Forum to begin tomorrow (WAM 26/11/2023)
Environment Agency – Abu Dhabi develops the region’s bespoke air emissions and modelling system (WAM 26/11/2023)
Final unit of Dubai's Hassyan energy plant starts operations (The National 26/11/2023)
Abu Dhabi International Food Exhibition 2023 to begin 27th November
Burjeel Holdings launches advanced day surgery centre in Abu Dhabi’s Al Shahama (WAM 25/11/2023)
Middle East smartphone shipments outpace global peers (The National 25/11/2023)
Dubai Metro Blue Line project: Inside the new $5bn route, stations revealed (Arabian Business 25/11/2023)
Dubai to host international corporate governance experts for ICGN-Hawkamah Conference (WAM 24/11/2023)
Mohammed bin Rashid approves Dubai Metro Blue Line project (WAM 24/11/2023)
Dubai records over AED9b in weekly real estate transactions (WAM 24/11/2023)
EAD’s marine research vessel receives the Future Fit Seal (WAM 24/11/2023)
PureHealth collaborates with MBZUAI to utilise AI to enhance longevity (WAM 24/11/2023)
DCT Abu Dhabi to establish region’s first hospitality education academy by Les Roches (WAM 24/11/2023)
ADNOC opens region’s frst high-speed green hydrogen refueling pilot station (WAM 24/11/2023)
Department of Municipalities and Transport records real estate transactions worth AED67b through to Q3 (Abu Dhabi Media Office 24/11/2023)
Uber reveals new emission-free target for its Dubai journeys (The National 24/11/2023)
Dubai motorists' interest in EVs set to surpass European counterparts (The National 24/11/2023)
Update on UAE’s 52nd National Day public holiday for private sector (WAM 23/11/2023)
Dual trade show Paperworld Middle East and Gifts and Lifestyle Middle East wraps up another successful edition (WAM 23/11/2023)
EDGE signs MoU with Mohammed Bin Rashid Space Centre (WAM 23/11/2023)
UAE leads region with 40% of business aviation flights (WAM 23/11/2023)
EGA begins construction of first pilot plant to convert bauxite residue into manufactured soil (WAM 23/11/2023)
etisalat by e& leads discussions on sustainable networks and their role in shaping the digital future (WAM 23/11/2023)
RTA organises awareness campaigns on professional permits for heavy vehicles’ drivers (WAM 23/11/2023)
Masdar City completes region’s first net-zero energy commercial building (WAM 23/11/2023)
PureHealth collaborates with Mohamed bin Zayed University of Artificial Intelligence to advance the science of longevity (Abu Dhabi Media Office 23/11/2023)
UAE real estate developers to feel the pinch of rising interest rates, inflation: Moody’s (Arabian Business 23/11/2023)
Dubai real estate: GCC Unified Tourist Visa to boost demand in short-term rental market (Arabian Business 23/11/2023)
UAE diamond investments rise: All you need to know as a buyer
Dubai hydroelectric plant will open in 2025 (Arabian Business 23/11/2023)
Dubai International Chamber attracts 15 multinational companies, 77 SMEs in first 9 months 2023 (WAM 22/11/2023)
Masdar, Emirates Steel Arkan to develop MENA's first green hydrogen-based project to decarbonise UAE’s hard-to-abate steel sector (WAM 22/11/2023)
Mariam Almheiri discusses opportunities to decarbonise vital sectors and industries in UAE (WAM 22/11/2023)
Dubai Future Foundation launches special COP28 edition of Global 50 report (WAM 22/11/2023)
DBWC applies global best practices to boost sustainability of women entrepreneurs’ businesses (WAM 22/11/2023)
Knowledge Summit 2023 discusses significance of enhancing cybersecurity, address future challenges (WAM 22/11/2023)
Masdar, Emirates Steel Arkan partner to develop project utilising green hydrogen (WAM 22/11/2023)
UAE has paved the way for startups to invest in climate technology: Experts to WAM (WAM 22/11/2023)
e& introduces recycled Green SIM Cards (WAM 22/11/2023)
Abu Dhabi Investment Office accelerates key community market projects in Al Wathba (WAM 22/11/2023)
Department of Municipalities and Transport launches Delivery Riders Hub trial phase across Abu Dhabi (Abu Dhabi Media Office 22/11/2023)
UAE unveils AI large language model on climate ahead of Cop28 (The National 22/11/2023)
Emirates operates world's first A380 demo flight using green fuel (The National 22/11/2023)
Etihad Airways targets 33 million passengers by 2030 (Arabian Business 22/11/2023)
Dubai emerges among top five most affordable cities globally for expat housing (Arabian Business 22/11/2023)
Drones in Dubai: 3D maps, aerial routes, dedicated landing zones (Arabian Business 22/11/2023)
Mohammed bin Rashid witnesses signing of agreement between Expo City Dubai and Dubai Electricity and Water Authority (WAM 21/11/2023)
Dubai Health signs strategic partnership with Emirates Group (WAM 21/11/2023)
RTA Installs solar panels at Dubai Metro and Tram Depots (WAM 21/11/2023)
UAE Cabinet approves official holidays calendar for government and private sectors for year 2024 (WAM 21/11/2023)
EGA begins construction of UAE’s largest aluminium recycling plant (WAM 21/11/2023)
UAE to become key global producer alternative, low-carbon, sustainable fuels: GCAA Director-General (WAM 21/11/2023)
AD Ports Group spearheads trade innovation and diversification amidst global uncertainties (WAM 21/11/2023)
Abu Dhabi wins 4 awards at World Cruise Awards 2023 (Abu Dhabi Media Office 21/11/2023)
11th Emirates Oncology Conference gathers 3,700+ global medical experts in Abu Dhabi (Abu Dhabi Media Office 21/11/2023)
Dubai commercial real estate supply crisis lessening as new developments come online to fill booming demand (Arabian Business 21/11/2023)
Record-breaking Dubai Airshow strengthens emirate’s position as global aerospace hub (WAM 20/11/2023)
UAE entities launch first-of-its-kind research consortium for renewable and advanced aviation fuels (WAM 20/11/2023)
DP World cuts carbon emissions from UAE operations by nearly 50% (The National 20/11/2023)
Dubai Municipality launches campaign to enhance safety standards at construction sites across the emirate (Arabian Business 20/11/2023)
UAE’s investment technology market to reach $325m by 2025 (Arabian Business 20/11/2023)
UAE announces plan to cut food waste by 50% (Arabian Business 20/11/2023)
UAE financial news
CBUAE, People’s Bank of China renew currency swap agreement, sign MoU on central bank digital currency development (WAM 28/11/2023)
Emirates NBD and Erguvan successfully launch pilot carbon management solution for regional SMEs (Government of Dubai Media Office 28/11/2023)
Dubai Financial Market's New York Roadshow Ignites Strong Institutional Engagement, Concluding 2023 International Series (Government of Dubai Media Office 28/11/2023)
Abu Dhabi Gaming to integrate with Department of Culture and Tourism – Abu Dhabi (Abu Dhabi Media Office 28/11/2023)
Dubai hedge fund boom as international firms flock to city (Arabian Business 28/11/2023)
Abu Dhabi Finance Week charts rise of 'Falcon Economy'' (WAM 27/11/2023)
World Green Economy Summit to discuss a roadmap to a more sustainable future
Financial sector expected to grow 13% in 2023: ADDED Chairman (WAM 27/11/2023)
EDB to provide $350m to Irena’s energy transition financing platform (The National 27/11/2023)
Financing the net-zero transition in the Middle East (The National 27/11/2023)
Fintech to propel Islamic banking to $4t by 2026 (Khaleej Times 27/11/2023)
UAE IPOs surge through 2023 as investor optimism rises (Arabian Business 27/11/2023)
ADDED unveils ‘SME Finance Facilitator’ to boost growth (WAM 26/11/2023)
Fortune Global Forum kicks off tomorrow in Abu Dhabi to discuss challenges faced by global economy (WAM 26/11/2023)
PureHealth launches listing process on Abu Dhabi Securities Exchange (Abu Dhabi Media Office 25/11/2023)
UAE corporate tax: Inside the Ministry of Finance Explanatory Guide (Arabian Business 25/11/2023)
Themis releases report on managing financial crime risks of Fourth Industrial Revolution (WAM 24/11/2023)
Top 10 UAE banks record 5.6% rise in quarterly profit (The National 24/11/2023)
FTA achieves over 3.4m tourist tax refund transactions in first 9 months of 2023 (WAM 23/11/2023)
Dubai Financial Market launches pilot for carbon credits trading at COP28 (WAM 23/11/2023)
Investment Corporation of Dubai’s first-half profit rises 86% (The National 23/11/2023)
Dubai boom helps ICD reach record revenues, net profit and assets for H1 2023 (Arabian Business 23/11/2023)
World Bank anticipates 4.5% growth in UAE's non-oil economy in 2023 (WAM 22/11/2023)
Richard Teng, from Abu Dhabi financial regulator to new Binance chief (The National 22/11/2023)
Yalla Group reports record revenues of AED873.9m in Q3 2023 (WAM 21/11/2023)
Dubai Taxi Company announces Offer Price Range, start of subscription period for IPO (WAM 21/11/2023)
PureHealth announces intention to list on ADX (WAM 21/11/2023)
Dubai Taxi aims to raise $315m through DFM listing (The National 21/11/2023)
Abu Dhabi-based Lunate and BNY Mellon to launch wealth technology company (The National 21/11/2023)
Dubai’s stock market DFM and Shanghai Stock Exchange sign MoU to strengthen capital markets ties (Arabian Business 21/11/2023)
Dubai Chamber of Commerce members' exports, re-exports surge to AED 210 billion between Q1 and Q3 2023 (WAM 20/11/2023)
Al Ansari subsidiary to roll out digital wallet in 2024 (The National 20/11/2023)
UAE cross-border payments to surge in 2024 (Arabian Business 20/11/2023)
UAE mergers and acquisitions news
ADQ aims to grow its portfolio companies amid global expansion push (The National 27/11/2023)
UAE's Pure Health acquires Dubai IT firm PureCS amid IPO preparations (The National 23/11/2023)
EDGE strengthens its global investment and industrial roadmap with addition of strategic development fund into group (WAM 22/11/2023)
UAE bilateral trade news
Masdar and PwC Middle East launch report on 'Accelerating Renewable Energy Investment in West Africa' at ADFW (WAM 28/11/2023)
UAE President, Pakistani Prime Minister discuss bilateral relations (WAM 27/11/2023)
$128b in US company deals during Dubai Airshow: US Ambassador (WAM 27/11/2023)
Mubadala head urges UK government to give more support to early-stage tech companies (The National 27/11/2023)
AD Ports Group expands shipping operations in Kazakhstan with two new oil tankers (Khaleej Times 26/11/2023)
TRENDS Research and Advisory, China Institute of International Studies discuss cooperation, knowledge exchange (Khaleej Times 26/11/2023)
UAE-Philippines bilateral non-oil trade up 19.4% Y-o-Y in H1 2023 to reach $500m (Khaleej Times 26/11/2023)
UAE-Brazil partnership at its best moment: Brazilian Ambassador (WAM 25/11/2023)
UAE and Philippines seek to strengthen ties amid Cepa talks (The National 25/11/2023)
High-level UAE delegation visits Philippines to boost trade and investment ties (WAM 24/11/2023)
UAE, China discuss ways to enhance cooperation in security fields (WAM 24/11/2023)
Dubai International Chamber boosts global presence with Lagos office (The National 24/11/2023)
Brazilian exports to Arab world soars 9.35% in first 10 months of 2023 (WAM 23/11/2023)
Hub71 and Seoul Metropolitan Government partner to foster global entrepreneurship and innovation (WAM 23/11/2023)
SIATT awarded contract to provide maritime protection technology to Brazilian navy (WAM 23/11/2023)
UAE’s Tabreed aims for South-East Asia expansion as district cooling demand surges (The National 23/11/2023)
'Good progress' made in free trade talks between GCC and UK (The National 23/11/2023)
UAE President receives Bahraini Foreign Minister (WAM 22/11/2023)
UAE President Participates in Virtual G20 Leaders’ Summit (WAM 22/11/2023)
UAE reveals plans for new university project in Nouakchott (WAM 22/11/2023)
ADFD inaugurates 3.5MW solar plant in Somalia (WAM 22/11/2023)
UAE powers Africa's sustainable future (WAM 22/11/2023)
Dubai’s Al Tadawi Healthcare Group signs agreement with Apollo Hospitals Group of India (Government of Dubai Media Office 22/11/2023)
Thuraya collaborates with Norway-based AnsuR Technologies to distribute its advanced video compression solutions (WAM 21/11/2023)
Theyab bin Mohamed receives Deputy Prime Minister of Australia at Wahat Al Karama (WAM 21/11/2023)
Brazil recognises UAE's strategic significance in global halal market, says Secretary-General of Arab Brazilian Chamber (WAM 21/11/2023)
Abu Dhabi Police, China Public Prosecution discuss mutual cooperation (WAM 21/11/2023)
ADNOC, Santos to pursue global CCS Platform to accelerate net zero goals (WAM 21/11/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
At COP28, Uzbekistan to raise collective Central Asian climate agenda: Uzbek minister (WAM 28/11/2023)
UAE: Air traffic set to jump by 10% during COP28 (Khaleej Times 28/11/2023)
Ministry of Economy to host Sustainable Trade Forum at COP28 (WAM 27/11/2023)
COP28 is last chance for course correction, says World Energy Council chief at Dubai Future Forum 2023 (WAM 27/11/2023)
COP28 Director General leads discussion on leveraging technology for climate action (WAM 27/11/2023)
Dubai South achieves several sustainability milestones across operations (WAM 27/11/2023)
At COP28, Canada expects collective responses to climate challenges: Canadian minister (WAM 27/11/2023)
UAE a pioneer in sustainable development, urban planning: CEO of Mirabaud Middle East Limited (WAM 27/11/2023)
Dubai Municipality set to announce environmental commitments and new projects at COP28 (WAM 27/11/2023)
COP28 Dubai: Pressure mounts for meaningful climate action after COP27’s ‘disappointing’ outcome (Arabian Business 27/11/2023)
Mariam Almheiri discusses with media leaders, partners ways to advance UAE's climate narrative
NYUAD hosts Climate Action and Health Conference ahead of COP28 (WAM 26/11/2023)
With COP28 around the corner, 'we can still limit climate change, if we act now' (WAM 25/11/2023)
RewirEd Summit to accelerate education transformation for climate action at COP28 (WAM 24/11/2023)
UAE's start-up ecosystem: A driving force for climate innovation and sustainable development (WAM 24/11/2023)
DoH, ADPHC unveil Abu Dhabi’s vision for sustainable healthcare at COP28 (WAM 24/11/2023)
UAE Space Agency leads first Space Pavilion participation at COP28 (WAM 24/11/2023)
Make most of your COP28 experience with the secure COP28 UAE Official App (WAM 24/11/2023)
Mariam Almheiri leads discussions with food experts on how to accelerate UAE's food systems sustainable transformation (WAM 23/11/2023)
UAE will rise to world’s expectations on COP28: Malaysian minister (WAM 22/11/2023)
UAE faces 'risk and opportunity' in green energy transition (The National 22/11/2023)
Expo City Dubai to be powered entirely by renewable energy (Arabian Business 22/11/2023)
COP28 to offer 1.5°C-aligned menus across more than 90 culinary outlets (WAM 21/11/2023)
RTA announces comprehensive plan for facilitating movement of delegations, visitors during COP28 (WAM 20/11/2023)
COP28 Presidency urges visitors to use Dubai Metro for faster, greener trips (WAM 20/11/2023)
Mariam Almheiri calls on global leaders to unleash potential of food systems in fight against climate change (WAM 20/11/2023)
COP28 Business & Philanthropy Climate Forum to launch November 30 (WAM 20/11/2023)
Cop28 summit aims to turn methane pledges into action (The National 20/11/2023)
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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
