UAE Weekly Business News 29/01/24
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UAE Weekly Business News issue 172 published 29th January 2024.
UAE FREE ZONE NEWS
SAIF Zone inks MoU with Tokai Optical (WAM 28/01/2024)
Sharjah Publishing City Free Zone introduces first 'Instant Licence' (WAM 26/01/2024)
DMCC kicks off 2024 global trade roadshow in London (WAM 24/01/2024)
DFSA continues remarkable growth, issuing record number of licences since its inception (WAM 24/01/2024)
With support of Abu Dhabi Investment Office, Hub71-backed ABHI to establish global headquarters in the emirate (Abu Dhabi Media Office 24/01/2024)
Dubai South records highest-ever business aviation movements in 2023 (WAM 23/01/2024)
Dubai South sees record private jet usage at aerospace hub, trade to hit $2.2b (Arabian Business 23/01/2024)
Expo City Dubai chosen as region's first permanent office of 'Roots & Shoots' (WAM 22/01/2024)
Over 7,800 companies join RAKEZ’s business community in 2023 (WAM 22/01/2024)
UAE VISA NEWS (inc. employment, Emiratisation, training, women)
UAE Gen Z ‘difficult to work with’: Here’s how can employees retain them (Arabian Business 29/01/2024)
Dubai jobs: Global talent flock to UAE for roles in real estate, marketing and IT, survey finds (Arabian Business 29/01/2024)
Abu Dhabi real estate: Analysts identify top places to invest in apartments and villas, ROI of over 8% identified (Arabian Business 29/01/2024)
5 Essential Tips for Starting a Successful Business in Abu Dhabi in 2024 (Gateway Group 28/01/2024)
‘Can my employer reduce my basic salary?’ (The National 28/01/2024)
Burjeel Holdings collaborates with ACTVET to train, employ Fatima College of Health Sciences Graduates (WAM 26/01/2024)
Abu Dhabi Pension Fund partners with Reem Hospital to enhance healthcare services for pensioners (Abu Dhabi Media Office 26/01/2024)
Joy for Filipina cleaner after Dh100,000 workplace awards win (The National 26/01/2024)
Explore the Updated UAE Golden Visa Requirements. Unlock new investment opportunities (Gateway Group 25/01/2024)
‘Dubai Retiree Projects Support’ programme launched under Dubai Social Agenda 33 (WAM 24/01/2024)
Dubai Business Women Council, Oracle collaborate to upskill 500 UAE women professionals and entrepreneurs in AI (WAM 24/01/2024)
National Programme for Coders launch’s training programme for Emirati women (WAM 24/01/2024)
UAE golden visas: 'No minimum down payment' for property buyers (WAM 24/01/2024)
UAE salary guide 2024: Most employees seek job change, salaries revealed (Arabian Business 24/01/2024)
Abu Dhabi’s healthcare sector attracts more than 1200 national talents (WAM 23/01/2024)
ERDC launches National R&D Leadership Programme empowering local talent to drive UAE R&D ecosystem (WAM 23/01/2024)
My Dubai Salary: 'I earned Dh3,000 a month as a student' (The National 23/01/2024)
UAE to offer visa-free travel to Armenia from 1st February 2024 (Arabian Business 23/01/2024)
UAE BUSINESS AND ECONOMY NEWS
Noatum launches new logistics brand in Middle East (WAM 29/01/2024)
World’s leading cable-laying vessel begins operations on ADNOC, TAQA’s offshore electrification and decarbonisation project (WAM 29/01/2024)
Empower and ASHRAE join hands to develop the third generation District Cooling Systems (Government of Dubai Media Office 29/01/2024)
M42 partners with Environment Agency – Abu Dhabi to complete ghaf tree genome mapping project (Abu Dhabi Media Office 29/01/2024)
'Range anxiety', rushing to malls to charge cars: EV owners in UAE list challenges (Khaleej Times 29/01/2024)
More than 21m passengers cleared Dubai immigration within minutes in 2023 (Khaleej Times 29/01/2024)
World’s largest LEGO store opens at Dubai International Airport (Arabian Business 29/01/2024)
SEHA concludes 4th Abu Dhabi Integrated Mental Health Conference (WAM 28/01/2024)
Hamdan bin Mohammed launches AED500m Dubai International Growth Initiative to accelerate global expansion of SMEs (WAM 28/01/2024)
Arab Health 2024 spotlights UAE's position at the helm of health innovation (WAM 28/01/2024)
UAE Minister of Industry and Advanced Technology visits pharma manufacturer Global Pharma (WAM 28/01/2024)
New records for Dubai real estate (Khaleej Times 28/01/2024)
Dubai branded residences offer up to 100% higher rents (Khaleej Times 28/01/2024)
UAE Organ Donation and Transplantation Congress 2024 kicks off in Dubai with 8,000+ global experts (WAM 27/01/2024)
COP28 Higher Committee meets to discuss game changing UAE-led global climate summit (WAM 27/01/2024)
UAE free zone offers instant business licence to help entrepreneurs set up a company with visas, office space and more (Arabian Business 27/01/2024)
PureHealth to double down on longevity as over-60 population will boom by 2050 (WAM 26/01/2024)
AD Ports Group launches Abu Dhabi Knowledge Bridge (WAM 26/01/2024)
UAE plays leading role in global eco-friendly energy scene (WAM 26/01/2024)
DEWA is on pace to reach Net-Zero by 2050 through pioneering clean, renewable energy projects (WAM 26/01/2024)
Dubai's weeklong real estate transactions exceed AED14.2b (WAM 26/01/2024)
UAE remains committed to achieving a more sustainable future, Abdullah bin Zayed affirms (WAM 26/01/2024)
Majlis Mohamed bin Zayed lecture explores UAE’s unique position at heart of vital trade corridors (WAM 26/01/2024)
Abu Dhabi ranked world’s safest city for 8th consecutive year (Abu Dhabi Media Office 26/01/2024)
Half of Mercedes-Benz branded properties in Dubai sold out (The National 26/01/2024)
Etihad Rail: Everything we know about UAE mega project (The National 26/01/2024)
Ecosine Transports LLC spearheads EV revolution in Dubai’s luxury transport sector (Khaleej Times 26/01/2024)
Titan Eye+ strengthens footprint in UAE with strategic openings (Khaleej Times 26/01/2024)
Dubai’s Emirates expands operations in Australia with upgraded A380 flights, additional services (Arabian Business 26/01/2024)
IndiGo expands Middle East network with Dubai-Surat direct flights (Arabian Business 26/01/2024)
Essential Business Guide To Dubai Events in 2024 (Gateway Group 26/01/2024)
UMEX and SimTEX 2024 conclude its largest edition for defence deals with AED2.9b (WAM 25/01/2024)
CEO Clubs Network Founder highlights UAE's role as a leader in investment and trade (WAM 25/01/2024)
ADNOC, Etihad Rail operate first rail journey between Abu Dhabi City and Al Dhannah City (WAM 25/01/2024)
Wizz Air plans to increase its global fleet by 35 aircraft this year, targets 500 jets by 2030 (WAM 25/01/2024)
UAE ranks 4th in Infrastructure Quality on Global Competitiveness Report (WAM 25/01/2024)
Khaled bin Mohamed bin Zayed meets CEO of Apollo Global Management (WAM 25/01/2024)
EDGE to supply 200 unmanned helicopters to UAE Ministry of Defence (WAM 25/01/2024)
ADM urges compliance with occupational safety and health standards in construction sector (WAM 25/01/2024)
Suhail Al Mazrouei reaffirms UAE’s commitment to building sustainable future (WAM 25/01/2024)
Miral sustainability initiatives advancing net-zero contributions (Abu Dhabi Media Office 25/01/2024)
Abu Dhabi Health Services Company (SEHA) ranked highest certified healthcare company in National In-Country Value programme (Abu Dhabi Media Office 25/01/2024)
UAE Property: ‘My tenant is refusing to pay the rent’ (The National 25/01/2024)
Etihad Rail makes its first passenger journey (The National 25/01/2024)
Masdar teams up with Daimler Truck for liquid hydrogen exports to Europe (The National 25/01/2024)
Fast Food and Cafe Convention 2023: A pinnacle of innovation, technology, and sustainability (Khaleej Times 25/01/2024)
From $20m to $2b: Dubai Duty Free chief Colm McLoughlin wins Arabian Business lifetime achievement award (Arabian Business 25/01/2024)
Dubai emerges as leading culinary destination: Report (Arabian Business 25/01/2024)
UAE, Saudi shoppers buy some luxury brands regardless of price: Report (Arabian Business 25/01/2024)
Dubai Fashion Week 2024 to be held on February 4-8 (Arabian Business 25/01/2024)
UAE tackles climate challenges and charts a sustainable future through national dialogues (WAM 24/01/2024)
TII, ASPIRE, Maqta Gateway collaborate to enhance autonomous technologies (WAM 24/01/2024)
DEWA's Soqoor programme approved 120,409 NOCs in 2023, marking a 30.62% increase (WAM 24/01/2024)
ADNOC Drilling kickstarts 2024 operations with 2 hybrid rigs (WAM 24/01/2024)
etisalat by e& sets benchmark in Middle East with symmetric 50G PON technology for broadband services (WAM 24/01/2024)
UAE President issues law establishing Abu Dhabi Heritage Authority (WAM 24/01/2024)
Dubai to benefit from record 349 business event wins in 2023(WAM 24/01/2024)
Abu Dhabi Real Estate Centre reports 6% reduction in service and community charges across the emirate in 2023 (Abu Dhabi Media Office 24/01/2024)
Dubai developers entice new buyers with favourable payment terms (The National 24/01/2024)
Amazon announces most used Alexa features in Middle East in 2023 (Arabian Businsess 24/01/2024)
Dubai’s RTA issued over 67,000 professional transport permits last year, up 25% on 2022 (Arabian Business 24/01/2024)
Sleep tourism: UAE travellers planning holidays around quality sleep over activities, food, events (Arabian Business 24/01/2024)
UAE Gen Z employees are ‘doom spending’ and maxing credit cards to cope with economic uncertainty, say experts (Arabian Business 24/01/2024)
Dubai’s VARA emerges as global leader in regulated virtual assets industry (Arabian Business 24/01/2024)
UAE's vision for longevity in focus at Arab Health’s Future Health Summit (WAM 23/01/2024)
EDGE Group launches new advanced autonomous air and land solutions at UMEX 2024 (WAM 23/01/2024)
KEZAD Group, etisalat by e& partner to upgrade digital landscape of Razeen City (WAM 23/01/2024)
UAE defence industries have proven their global competitiveness, EDCC's Mona Al Jaber tells WAM (WAM 23/01/2024)
ADDED pioneers pathways for sustainable development in Al Ain (WAM 23/01/2024)
Dubai to host AccessAbilities Expo’s sixth edition (WAM 23/01/2024)
Dubai's VARA awarded 19 regulated VASP licenses in 2023 (WAM 23/01/2024)
Dubai Customs successfully processed over 30.4m transactions in 2023 (WAM 23/01/2024)
World of Coffee Dubai 2024 attracts over 13,000 specialised visitors with 30% growth (WAM 23/01/2024)
Abu Dhabi companies set up air corridor to diversify food trade (The National 23/01/24)
Oracle to expand Dubai operations amid cloud push in Middle East (The National 23/01/2024)
Dubai International ranked busiest airport in the world (Khaleej Times 23/01/24)
Middle East CEOs optimistic on growth, but almost half fear long-term economic viability of companies (Arabian Business 23/01/2024)
Emirates announces South America travel boost with new Brazil and Argentina flights (Arabian Business 23/01/2024)
UAE real estate: Property market flourishes amid global challenges, says new JLL report (Arabian Business 23/01/2024)
UAE signs GlobalEye support contract worth $190m with Saab (Arabian Business 23/01/2024)
Mashreq partners with UAE fintech Fils to launch carbon offsetting services for corporate clients (Arabian Business 23/01/2024)
Dubai property leasing deals jump 400% in January 2024 (Arabian Business 23/01/2024)
Hatta’s economic transformation inspires new generation of entrepreneurs (WAM 22/01/2024)
Dubai Customs Week boosts global trade security and flexibility (WAM 22/01/2024)
UAE Food Bank’s initiatives and programmes touch lives of over 18.6 million people worldwide in 2023 (WAM 22/01/2024)
UAE President issues law establishing Artificial Intelligence and Advanced Technology Council (WAM 22/01/2024)
Airport Show provides best technologies to facilitate passenger screening processes (WAM 22/01/2024)
Abu Dhabi issues new AI law, introduces council to develop sector (Arabian Business 22/01/2024)
UAE FINANCIAL NEWS
Bank fraud: UAE resident loses Dh171,000 to criminals (The National 26/01/2024)
Emirates Islamic posts highest-ever net profit of $580m (Arabian Business 26/01/2024)
Ministry of Finance plans to issue bonds, Sukuk valued at AED5b in Q1 2024 (WAM 25/01/2024)
Arada records 100% rise in sales to AED7.02b in 2023 (WAM 25/01/2024)
UAE tops regional green bond league tables with $10.7b (WAM 25/01/2024)
Emirates NBD's Q4 profit rises 3% on continued economic momentum (The National 25/01/2024)
UAE’s outstanding debt capital market rose 10% last year (Khaleej Times 24/01/2024)
Dubai Islamic Bank reports net profit of AED7b, up 26% YoY (WAM 23/01/2024)
ADIB net profit jumps 45% to AED5.25b in 2023 (WAM 23/01/2024)
UAE leads GCC in IPO proceeds of $6.07b in 2023 (Khaleej Times 23/01/2024)
UAE-based digital asset management platform Akkrue Capital announced closing first funding round (Arabian Business 23/01/2024)
Dubai developer Deyaar's 2023 profit increases on higher revenue (The National 22/01/2024)
UAE corporate tax: Personal versus business assets (The National 22/01/2024)
GCC outlook more upbeat than global prospects (Khaleej Times 22/01/2024)
UAE MERGERS AND AQUISITIONS NEWS
UAE BILATERAL TRADE NEWS
Ministry of Energy and Infrastructure explores collaboration with Beijing Research Institute of Uranium Geology (WAM 29/01/2024)
UAE National Olympic Committee, Albanian counterpart discuss enhancing cooperation (WAM 29/01/2024)
DAE signs long-term leases for 10 Boeing 737-8 aircraft with Turkish Airlines (WAM 29/01/2024)
Egypt is exploring possibility of issuing bonds in Emirati dirhams, Indian rupees (WAM 29/01/2024)
Arab Health 2024 to showcase UK investment potential for Gulf boom (The National 28/01/2024)
Presidents of UAE, Democratic Republic of the Congo discuss bilateral relations (WAM 27/01/2024)
Estonia's digital health triumph shines at Arab Health 2024 (WAM 27/01/2024)
WAM delegation explores enhancing media cooperation in Turkmenistan (WAM 26/01/2024)
Trends and Turkish Foreign Policy Institute discuss research cooperation (WAM 26/01/2024)
Ahmed Al Sayegh discusses enhancing mutual cooperation with Minister of Trade of New Zealand (WAM 26/01/2024)
Hong Kong recognises UAE as significant trading partner with trade volume exceeding $16b (WAM 25/01/2024)
Maqta Gateway, Aqaba Development Corporation to digitalise Jordan’s maritime sector through Maqta Ayla (WAM 25/01/2024)
Minister of Education leads UAE delegation at Bett EdTech exhibition in London (WAM 25/01/2024)
UAE and Malaysia enter strategic partnership to boost digital infrastructure development (WAM 25/01/2024)
Noura Al Kaabi meets Ambassador of Slovenia to UAE to discuss strengthening collaboration (WAM 24/01/2024)
Dragon Oil hosts workshop on improving production and rediscovering Gulf of Suez fields (WAM 24/01/2024)
Georgian PM receives Government Experience Exchange Office delegation (WAM 24/01/2024)
Egyptian Planning Minister highlights ongoing cooperation with UAE in investment and sovereign funds (WAM 24/01/2024)
UAE President visits King of Bahrain at his residence in Abu Dhabi (WAM 24/01/2024)
Dubai in final talks with Uganda over new oil refinery (The National 24/01/2024)
Malta launches Executive Leadership Programme in collaboration with UAE (WAM 22/01/2024)
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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
