UAE Weekly Business News 30/10/23
Welcome to Gateway Group's weekly collection of business highlights from Abu Dhabi and Dubai. It's the ideal way of staying informed about crucial UAE business news, conveniently in one place.
Simply scan through the headlines and choose the ones relevant to you. To read the full article, click the headline. The source is in purple for reference.
Don't miss it
The UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically.
UAE Weekly Business News, Issue 160. 30 October 2023.
UAE free zones news
Hamriyah Freezone Authority, Amazon UAE sign Lease Agreement for new logistics centre (WAM 29/10/2023)
Fostering transparency through the DFSA’s public register (Arabian Business 27/10/2023)
ACX announces key trades on World’s First Regulated Carbon Exchange and Clearing House in ADGM (WAM 25/10/2023)
DGCX launches GCC’s first Shari’ah Compliant Silver Spot Contract (WAM 24/10/2023)
KEZAD Group signs expansion agreement with GPP Abu Dhabi (WAM 24/10/2023)
UAE’s Artificial Intelligence Office partners with ADGMA to empower 5,000 national talents in digital fields (WAM 23/10/2023)
UAE employment, visa and Emiratisation news
Industrialist Career Fair concludes with over 3,000 immediate-hire interviews for Emirati talent across UAE (WAM 27/10/2023)
ETHRAA programme enables 1,100 to secure jobs in 9 months (WAM 26/10/2023)
UAE jobs: Bosses expect to increase headcount within 2 years, 89% forecast revenue growth (Arabian Business 25/10/2023)
Emirates invites UAE nationals to join Aircraft Maintenance Engineer Licence Scholarship Programme (WAM 24/10/2023)
GCC unified tourist visa to be introduced between 2024 and 2025 (WAM 23/10/2023)
UAE business and trade news
DEWA taps power of sustainability to keep up with surging demand projections for utility services (WAM 29/10/2023)
Dubai to host 2024 World Cities Culture Summit (WAM 29/10/2023)
Eurowings expects strong demand for new Dubai routes (The National 29/10/2023)
Dubai is one of the best destinations for a ‘workation,’ says new study (Arabian Business 28/10/2023)
Dubai will host Beautyworld Middle East 2023 (WAM 27/10/2023)
Dubai records AED23.38b in weekly real estate transactions (WAM 27/10/2023)
Abu Dhabi International Airport posts 29.3% increase in passenger traffic in Q3-23 (WAM 27/10/2023)
dnata partners with Virgin Atlantic to support Dubai return this October (WAM 27/10/2023)
Dubai International Content Market to host over 80 exhibitors from 16 countries (WAM 27/10/2023)
Emirati doctor becomes first Arab woman to be elected President of International Hospital Federation (WAM 27/10/2023)
30th Jewellery & Watch Show Abu Dhabi to feature over 200 leading brands and designers (WAM 27/10/2023)
Abu Dhabi closes two healthcare centres over series of breaches (The National 27/10/2023)
My Perfumes eyes expansion as global demand for perfumes from UAE soars (Khaleej Times 27/10/2023)
How UAE’s smart airports meet global travellers’ rising demand for high-tech services (Khaleej Times 27/10/2023)
UAE and Saudi Arabia’s technology sectors mature as investors gear up for exits, experts say (Arabian Business 27/10/2023)
RTA completes maintenance of 68,000 traffic and directional signs in Dubai (WAM 26/10/2023)
Cleveland Clinic Abu Dhabi conducts UAE’s first robot-assisted kidney transplants (WAM 26/10/2023)
Integrated Transport Centre: a Sustainable transport system enhances quality of life (WAM 26/10/2023)
DP World, APM Terminals spearhead roadmap for accelerating electrification of port operations (WAM 26/10/2023)
Tadweer, Abu Dhabi Airports partner to explore progressive waste management practices (WAM 26/10/2023)
Abu Dhabi Airports launch 'Check Your Terminal' campaign (WAM 26/10/2023)
Etihad launches daily flight to Nairobi starting May 2024 (WAM 26/10/2023)
Net Zero Nuclear announces Urenco as new corporate partner (WAM 26/10/2023)
Dubai among top 25 global cities for third consecutive year (WAM 26/10/2023)
UAE residential market strong in third quarter, report says (The National 26/10/2023)
Abu Dhabi Airport's new terminal: All airlines to operate from Terminal A starting Nov 15 (Khaleej Times 26/10/2023)
Abu Dhabi Airport guide: How to get to Terminal A, opening date, airline information, taxis, shuttle buses, dining, hotel and more (Arabian Business 26/10/2023)
Dubai Metro expansion: RTA plans new 30km, multi-billion dollar Blue Line (Arabian Business 26/10/2023)
12th Specialty Food Festival to consolidate Dubai as gastronomic hub (WAM 25/10/2023)
Thuraya, nybl partner to redefine satellite communications with AI (WAM 25/10/2023)
Dubai Municipality initiates testing of a self-driving electric vehicle to clean up bicycle trails on Dubai's beaches (WAM 25/10/2023)
EAD enhances sustainability by deploying renewable energy (WAM 25/10/2023)
National Guard Command, Tasneef sign MoU in maritime classification, technical consultations, training (WAM 25/10/2023)
Environment Agency – Abu Dhabi partners with TotalEnergies to deploy PV panels at Plant Genetic Resource Centre (Abu Dhabi Media Office 25/10/2023)
Dubai starts using AI to monitor taxis, buses and delivery riders (The National 25/10/2023)
Revenue from Dubai-Riyadh air route soars higher (The National 25/10/2023)
Malaffi and Riayati integration expands access to patient records across UAE (Arabian Business 25/10/2023)
India’s Himalaya Wellness to open $54.4m herbal pharmaceutical factory in Dubai (Arabian Business 25/10/2023)
UAE services exports set to reach new heights, driven by strong growth in key sectors (WAM 24/10/2023)
Dubai International Chamber arranges 350+ B2B meetings for Dubai F&B companies during Anuga (WAM 24/10/2023)
AD Ports Group all set to host IAPH World Ports Conference 2023 (WAM 24/10/2023)
EDGE launches cybersecurity solution to enhance regulatory and compliance management (WAM 24/10/2023)
Al Seer Marine, L3Harris renew strategic partnership (WAM 24/10/2023)
PureHealth launches healthcare cloud providing digital health (WAM 24/10/2023)
Gordonstoun school coming to Abu Dhabi (The National 24/10/2023)
TDRA unveils ‘GovSign’ initiative (WAM 23/10/2023)
RTA grants Sky Blue Media advertising rights on public bus fleet, facilities for 5 years (WAM 23/10/2023)
Dubai private-school sector records highest-ever enrolement in 2023-24 academic year (WAM 23/10/2023)
Dubai to host Arab Health 2024 (Arabian Business 23/10/2023)
UAE financial news
Borouge reports 22% Q3 2023 net profit increase (WAM 30/10/2023)
Liquidity Group helps provide $300m to UAE start-ups to address funding gap (The National 28/10/2023)
Mubadala issues its first-ever $750m Green Bond, recording 9.1x over subscription (WAM 27/10/2023)
Emirati and Saudi stock exchanges surpass Arab peers with $167b in gains (WAM 27/10/2023)
Maktoum bin Mohammed meets with World Bank Group President (WAM 26/10/2023)
Mashreq’s net profit surges 122% to AED5.8b in the first 9 months of 2023 (WAM 26/10/2023)
Ghitha Holding reports AED124m in Q3 2023 profits (WAM 26/10/2023)
UAE President receives World Bank Group President (WAM 26/10/2023)
Emirates NBD’s nine months profit surges 92% to AED17.5b in 2023 (WAM 26/10/2023)
ADCB reports nine-month net profit of AED5.75b (WAM 25/10/2023)
ADIB reports 53% growth in net profit for first nine months of 2023 (WAM 25/10/2023)
CBD reports nine month net profit of AED1,936m (WAM 25/10/2023)
NBF’s nine months net profit surges 122.5% to reach AED513.2m (WAM 25/10/2023)
FTA issues public clarification on implementing reverse charge mechanism on electronic devices (WAM 25/10/2023)
UAEFTS processed AED10.997t in transactions in 8 months (WAM 25/10/2023)
UAE banks' investments exceed AED580b by end of August, reaching an all-time high (WAM 25/10/2023)
Khaled bin Mohamed bin Zayed meets CEO of asset management company BlackRock (WAM 25/10/2023)
Khaled bin Mohamed bin Zayed meets JP Morgan Chase CEO (WAM 25/10/2023)
World Bank and Islamic Development Bank to offer up to $6b in funding for Mena projects (The National 25/10/2023)
UAE corporate tax: Free zone companies warned to pay closer attention to new rules (Arabian Business 25/10/2023)
United Arab Bank reports net profit of AED209m for first nine months of 2023 (WAM 24/10/2023)
Investcorp announces intention to float on ADX (WAM 24/10/2023)
NMDC doubles net profits during 9 months of 2023 to AED1.51b (WAM 24/10/2023)
MoEc, SCA, Economic Security Centre of Dubai to enhance oversight of auditing profession (WAM 24/10/2023)
Invest AD to launch Blackstone Private Debt Fund (WAM 23/10/2023)
Amazon handed UAE payment licence in boost for SMEs (Arabian Business 23/10/2023)
UAE mergers and acquisitions news
Alpha Dhabi acquires significant stake in NTS Amega Global (WAM 25/10/2023)
UAE bilateral trade news
UAE signs Cooperation Agreement with Indonesia to build Cardiology Hospital in Surakarta (WAM 29/10/2023)
Masdar signs clean energy agreements for solar and onshore wind projects in Azerbaijan (Abu Dhabi Media Office 28/10/2023)
Al Zeyoudi discusses new trade deal with Georgian PM, addresses Tbilisi Silk Road Forum (WAM 27/10/2023)
UAE President receives phone call from President of Azerbaijan (WAM 27/10/2023)
UAE President receives UK Defence Secretary (WAM 26/10/2023)
dnata to save further 650 tonnes of carbon per year with innovative cooling technology in Singapore (WAM 25/10/2023)
UAE, Scotland sign MoU to promote bilateral trade, deepen technology, innovation and research collaboration (WAM 25/10/2023)
Dubai showcases its manufacturing capabilities at Anuga food and beverage exhibition (WAM 25/10/2023)
ADDED partners with Jiangsu Provincial Overseas Cooperation and Investment Company (WAM 25/10/2023)
UAE A significant player in renewable energy scene in UK (WAM 25/10/2023)
UAE and Kosovo hold first session of Joint Economic Committee to enhance cooperation in fields of trade, agriculture and energy (WAM 25/10/2023)
TRENDS Research and Advisory releases road map to COP28 (WAM 25/10/2023)
UAE-Zimbabwe trade reaches $2b in 2022 (WAM 24/10/2023)
UAE President receives Foreign Minister of Türkiye (WAM 24/10/2023)
Mohammed bin Rashid meets with King of Bahrain in Abu Dhabi (WAM 24/10/2023)
UAE highlights potential of halal trade at Global Halal Brazil Business Forum (WAM 24/10/2023)
UAE participates in first GCC-China economy and trade ministerial conference to advance joint efforts (WAM 23/10/2023)
Abu Dhabi Fund for Development inaugurates Gudule general hospital in South Sudan (WAM 23/10/2023)
UAE and Canada hold first Joint Committee in Abu Dhabi (WAM 23/10/2023)
Abdullah bin Zayed, FM of Canada discuss bilateral relations (WAM 23/10/2023)
UAE President visits King of Bahrain at his residence in Abu Dhabi (WAM 23/10/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
COP28 President calls for improved adaptation finance for vulnerable nations at Climate and Development Ministerial (WAM 29/10/2023)
Mariam Almheiri unveils ‘COP First’ as UAE targets Climate Conscious Catering for set-piece climate conference (WAM 29/10/2023)
Meera Al Suwaidi presents Sustainable Development Committee's progress report to IPU’s 147th general assembly (WAM 28/10/2023)
China backs UAE’s COP28 hosting to address global climate change challenges (WAM 27/10/2023)
Business leaders and entrepreneurs convene at ‘Road to COP28’ event in Dubai to address MENA climate action (WAM 27/10/2023)
Four-nation space project involving UAE could aid climate change fight (The National 27/10/2023)
How UAE companies and banks are uniting to accelerate net zero (The National 27/10/2023)
Georgia's Minister of Economy looks forward to discussing environmental agenda at COP28 (WAM 26/10/2023)
Sorbonne University concludes first conference of Pre-COP programme (WAM 26/10/2023)
Scotland’s delegation of leading Net Zero businesses to participate in COP28 (WAM 25/10/2023)
Emirates Global Aluminum an advancing environmental excellence for sustainable future (WAM 25/10/2023)
Tokyo Governor highlights COP28 pivotal role in achieving carbon neutrality (WAM 25/10/2023)
COP28 a significant step towards climate action: Secretary-General of Union for Mediterranean (WAM 25/10/2023)
Retailers rise to climate challenge with 131 businesses signing UAE Climate Responsible Companies (WAM 24/10/2023)
COP28, a landmark in global climate action history (WAM 24/10/2023)
If you found this resource informative and helpful,
please show your appreciation by clicking the ❤️ at the bottom of this page.
Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
