UAE Weekly Business News 29/07/2024
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UAE Weekly Business News: Issue 199 published 29 July 2024.
UAE FREE ZONE NEWS
Sustainable City Dubai launches 3 delivery robots (WAM 26/07/2024)
Expo City Dubai awards contracts for new residential project (Arabian Business 25/07/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Abu Dhabi Misdemeanor Court fines company AED10million for violation of fictitious employment (WAM 29/07/2024)
Good conduct certificate in UAE suspended (Khaleej Times 29/07/2024)
Dubai tourist visa extension: Fees, process, everything you need to know (Khaleej Times 29/07/2024)
Rising global cost of living pushes some UAE businesses to adjust salaries as inflation bites (Arabian Business 29/07/2024)
DGHR unveils report on future of human resources management in Dubai (WAM 28/07/2024)
Emirati Human Resources Development Council, Keolis MHI sign MoU to bolster Emiratisation in private sector (WAM 27/07/2024)
UAE notice period rules: All you need to know (Arabian Business 25/07/2024)
FTA launches Tax Professionals Qualification Initiative (WAM 24/07/2024)
FAHR receives 22,000 support requests in H1 2024 (WAM 24/07/2024)
FANR launches National Programme for Qualifying Nuclear and Radiological Emergency Workers (WAM 24/07/2024)
Sanad, Rolls-Royce to foster future aviation leaders (WAM 23/07/2024)
UAE BUSINESS NEWS
Dubai Chamber of Digital Economy supported establishment of 215 digital startups with market value of around (WAM 29/07/2024)
ADQCC launches awareness and inspection campaign to monitor product conformity in local markets (WAM 29/07/2024)
Arab and local entities explore Ministry of Finance's 'Digital Procurement Platform' (WAM 29/07/2024)
Alia Al Mazrouei witnesses MoU signing between Ghafa Sustainability, Atsuya Technologies (WAM 29/07/2024)
Dubai Land Department completes 647 real estate settlements worth AED1.38b in H1 2024 (Government of Dubai Media Office 29/07/2024)
Emergency, Crisis and Disaster Management Centre – Abu Dhabi and Abu Dhabi Police conduct training to continue raising readiness of nuclear emergency response ecosystem (Abu Dhabi Media Office 29/07/2004)
Surging demand and new project launches propel Dubai’s off-plan market (Khaleej Times 29/07/2024)
UAE Lottery games to operate within the GCGRA’s regulatory framework including enhanced consumer protection and oversight (WAM 28/07/2024)
Dubai welcomes record 9.31 million visitors in H1 2024 (WAM 28/07/2024)
UAE grants first national lottery license (Arabian Business 28/07/2024)
UAE to issue 3 new policies to boost cybersecurity by end of 2024 (WAM 27/07/2024)
Abu Dhabi Mobility extends Mawaqif System to different sectors beyond Abu Dhabi Island (WAM 27/07/2024)
Dubai set to record handover of 38,174 new homes this year (The National 27/07/2024)
Dubai housing authority announces drone, AI tech adoption for smart projects (Arabian Business 27/07/2024)
CBUAE revokes licence of Galaxy Insurance Broker (WAM 26/07/2024)
MoHAP launches National Newborn Screening Guidelines (WAM 26/07/2024)
MILSET Expo Science International 2025 to be held in Abu Dhabi (WAM 26/07/2024)
Core42 partners with Qualcomm Technologies to launch AI platform Compass 2.0 (Abu Dhabi Media Office 26/07/2024)
EWEC issues Request for Proposals for developing 400MW Battery Energy Storage System (WAM 25/07/2024)
Mangroves are key resource for achieving UAE’s Net Zero by 2050 (WAM 25/07/2024)
Adnoc teams up with Chinese companies for low-carbon and LNG ventures (The National 25/07/2024)
UAE, Saudi Arabia lead strong GCC consumer shift towards flexitarianism, healthy eating (Arabian Business 25/07/2024)
Aldar expands Dubai portfolio with office tower on SZR and acquisition in DIC (Arabian Business 25/07/2024)
Dubai real estate market continues strong growth in Q2 2024 (Arabian Business 25/07/2024)
Abu Dhabi Agriculture and Food Security Data Platform launched (WAM 24/07/2024)
Dubai wins bids to host 175 international business events in H1 2024 (WAM 24/07/2024)
Abu Dhabi Stem Cells Centre performs 100 bone marrow transplants (WAM 24/07/2024)
Ministry of Finance launches yearbook 2023 ‘Leadership in Development and Global Partnerships for Sustainable Finance’ (WAM 24/07/2024)
EWEC issues Request for Proposals for development of Taweelah C Independent Power Producer project (WAM 24/07/2024)
Dubai confirmed as host city for Games of the Future 2025 (WAM 24/07/2024)
Abu Dhabi Investment Office and Khalifa University to develop largest student accommodation project in GCC (Abu Dhabi Media Office 24/07/2024)
UAE flights: New visa for GCC travel could make airfares cheaper (Khaleej Times 24/07/2024)
ADX-listed Phoenix Group expands global mining capacity (Arabian Business 24/07/2024)
Researchers at Khalifa University and University of Manchester lead breakthrough with Graphene in next-generation technologies (WAM 23/07/2024)
ADNOC L&S Joint Venture awards $1.9b in contracts for very large ethane, ammonia carriers (WAM 23/07/2024)
UAE President receives Crown Prince of Ajman (WAM 23/07/2024)
Cleveland Clinic Abu Dhabi performs UAE's first diagnostic procedure of its kind to pinpoint epileptic seizures in brain (Abu Dhabi Media Office 23/07/2024)
Dubai, Abu Dhabi see surge in office rents, occupancy rates (Arabian Business 23/07/2024)
Air Arabia announces non-stop flights to Maldives (Arabian Business 23/07/2024)
Dubai GDP grows 3.2% in Q1 2024, tops $31.3bn: Sheikh Hamdan (Arabian Business 23/07/2024)
UAE FINANCIAL NEWS
Dubai Financial Market announces 74% rise in pre-tax Net Profit for H12024 to AED195.4m (Government of Dubai Media Office 29/07/2024)
Aldar reports surging UAE sales boosting its Q2 revenue (The National 29/07/2004)
Is your business corporate tax ready? (Khaleej Times 29/07/2024)
Deyaar reports 71% jump in profit before tax for H1 2024 (Arabian Business 27/07/2024)
Dubai Taxi reports AED1.09b revenue in H1 2024 (WAM 26/07/2024)
UAE fintech startup Mamo secures $3.4m funding (Arabian Business 26/07/2024)
Arab Monetary Fund forecasts 6.2% growth for UAE economy in 2025 (WAM 25/07/2024)
FTA urges resident juridical persons with licences issued in May to promptly register for Corporate Tax by 31 July (WAM 25/07/2024)
Mashreq’s net profit in H1 2024 increases 14% to AED4b (WAM 25/07/2024)
FAB achieves H1 2024 net profit of AED8.4b, revenue of AED15.7b (WAM 25/07/2024)
NBF records net profit of AED441.2m in H1 2024 (WAM 25/07/2024)
United Arab Bank pre-tax net profit up by 26% in H1 2024 (WAM 25/07/2024)
NMDC Group reports 79% revenue growth in H1 2024, reaching AED12.12b (WAM 25/07/2024)
CBI records 14% growth in net profit in H1 2024 (WAM 25/07/2024)
Commercial Bank of Dubai logs net profit of AED1.45b in H1 2024 (WAM 24/07/2024)
ECI calls on UAE-based manufacturers, exporters and re-exporters to capitalise on its ‘Xport Xponential’ initiative for global expansion (WAM 23/07/2024)
Dubai's GDP tops AED115b in first quarter of 2024, with its economy growing 3.2% compared to same period in 2023 (WAM 23/07/2024)
UAE fintech Aura partners with Reem Finance to improve SME cash flow (Arabian Business 23/07/2024)
BHM Capital to provide liquidity support to GFH Financial on DFM, ADX (Arabian Business 23/07/2024)
UAE investors show strong interest in future IPOs, survey finds (Arabian Business 23/07/2024)
du reports 54.2% net profit increase in H1 2024 (WAM 22/07/2024)
Q1 2024 achievements solidifies UAE's global leadership in communications, IT sectordu reports 54.2% net profit increase in H1 2024 (WAM 22/07/2024)
UAE M&A NEWS
Abu Dhabi’s Emirates Driving acquires majority stake in Dubai’s Excellence (Arabian Business 23/07/2024)
UAE BILATERAL TRADE NEWS
UAE and Chilean Presidents discuss strengthening bilateral relations (WAM 29/07/2024)
UAE-Chile Comprehensive Economic Partnership Agreement aims to reduce customs duties by 99.5% (WAM 29/07/2024)
CEPA between UAE, Chile marks significant milestone in strategic cooperation for developing vital sectors (WAM 29/07/2024)
UAE and Chile: Towards a comprehensive economic partnership and constructive cooperation (WAM 28/07/2024)
UAE showcases its pioneering experiences in advanced technology at G20 Labour and Employment Ministers’ Meeting in Brazil (WAM 27/07/2024)
UAE delegation explores economic cooperation with Madagascar (WAM 26/07/2024)
DP World supercharges Asia Pacific Trade with network expansion (Government of Dubai Media Office 26/07/2024)
UAE, China explore strengthening collaboration in industry, energy for sustainable economic development (WAM 25/07/2024)
Sanad, Air Mauritius sign 3-year partnership agreement (WAM 25/07/2024)
Dragon Oil launches AI project to develop oil fields in Egypt (WAM 24/07/2024)
UAE Minister of State for International Cooperation strengthens ties with Brazil during official visit (WAM 24/07/2024)
Borouge signs Project Collaboration Agreement for speciality polyolefins complex in China as part of consortium (WAM 23/07/2024)
UAE, Indonesia ink MoU on Public Financial Management (WAM 23/07/2024)
Reem Al Hashimy meets with Uruguayan Minister of Foreign Affairs during official visit (WAM 23/07/2024)
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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
