UAE Weekly News Roundup 22/11/20
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 11. 22nd November 2020.
Trade License-related headlines
ADDED allows non-citizens to obtain Freelancer licences to practice around 48 economic activities in Abu Dhabi (WAM 15/11/2020)
Ras Al Khaimah Ruler issues 50% reduction on license renewal fees for MICE sector (WAM 19/11/2020)
UAE bilateral trade relationship headlines
Al Falasi, British Minister of Investment discuss partnerships in SME, tourism sectors (WAM 16/11/2020)
Mohamed bin Zayed receives French Minister of Armed Forces (WAM 16/11/2020)
UAE Ambassador, Cuban Deputy PM enhancing ties (WAM 16/11/2020)
UAE-Oman's bilateral trade reaches AED 48 bn in 2019 (WAM 17/11/2020)
AED23.67 billion trade between Abu Dhabi and the Sultanate of Oman for five years (WAM 18/11/2020)
Mohamed bin Zayed receives Greek Prime Minister (WAM 18/11/2020)
ADFD hosts Maldivian envoy, discusses investment cooperation (WAM 19/11/2020)
UAE, Indonesia to sign AEO Action Plan (WAM 22/11/2020)
UAE economy-related news headlines
Six in 10 UAE workers want to change industries in coming months (The National 16/11/2020)
CBUAE extends the applicability period of Targeted Economic Support Scheme (WAM 16/11/2020)
Jebel Ali Customs Centre carries out 1.8 million transactions till October (WAM 16/11/2020)
Emirates tops global ranking in safe travel (WAM 16/11/2020)
MBR Aerospace Hub completes 70% of infrastructure (WAM 16/11/2020)
UAE in strong position to become global leader in developing Islamic Economy (WAM 16/11/2020)
Dubai and Abu Dhabi named most transparent real estate markets in the Mena (The National 16/11/2020)
UAE – the Arab world's most prosperous nation for the 14th year running (The National 16/11/2020)
Middle East boat owners to swell to 20,000 by 2025 (Gulf News 16/11/2020)
Launch of council on the new economy reinforces UAE as a global idea hub (Khaleej Times 16/11/2020)
UAE jobs in demand: HR consultants, business analysts, legal managers (Khaleej Times 16/11/2020)
UAE businesses are hurting badly from 25-30% hike in shipping costs since October (Gulf News 17/11/2020)
Abu Dhabi jumps 13 places to rank among world’s top 10 cities (Khaleej Times 17/11/2020)
Unit 1 of Barakah Nuclear Energy Plant reaches 80% power as Power Ascension Testing continues (WAM 18/11/2020)
Tadweer opens expanded used tyre recycling facility in Abu Dhabi (WAM 18/11/2020)
Mideast airlines will buy airplanes worth $685b in next two decades, says Boeing (Gulf News 18/11/2020)
UAE Central Bank’s gold reserve up to AED8.961 bn by September (WAM 19/11/2020)
UAE shoppers' dismay as UK to axe VAT rebate for tourists (The National 19/11/2020)
UAE Central Bank's total assets up 2 pct to AED3,252.5 bn by end of Q3-2020 (WAM 19/11/2020)
Redevelopment plans in Mina Zayed revealed (WAM 19/11/2020)
UAE's 2020 holiday shopping sees consumers and retailers change their ways (Gulf News 19/11/2020)
Dubai and Abu Dhabi become more affordable (Khaleej Times 19/11/2020)
DEWA registers patent for universal charging system for electric vehicles (WAM 20/11/2020)
A glimpse at Abu Dhabi's new fish market (The National 20/11/2020)
How homegrown F&B delivery businesses found success during a pandemic (Gulf News 20/11/2020)
Aldar’s Noya on Yas Island sold out on first day (WAM 21/11/2020)
UAE bans import of birds, bird byproducts from four countries due to bird flu (WAM 21/11/2020)
DLD signs MoU with JLL to create 'Commercial Property Price Index' (WAM 21/11/2020)
Supreme Petroleum Council announces new oil discovery of 22 billion barrels of non-conventional, recoverable crude oil in Emirate of Abu Dhabi (WAM 22/11/2020)
Annual production of fish farms in Dibba Fujairah totals 2,000 tonnes (WAM 22/11/2020)
Jafza-based companies can trade with confidence leveraging Etihad Credit Insurance solutions (WAM 22/11/2020)
Abu Dhabi’s total gross production water capacity was 4.14 million cubic metres per day in 2019 (WAM 22/11/2020)
Abu Dhabi reports positive signs of tourism recovery (WAM 22/11/2020)
Adnoc to put Dh160bn into UAE economy over the next five years (The National 22/11/2020)
How the new UAE law on wills and inheritance affects you – Pocketful of Dirhams (The National 22/11/2020)
CCC cuts headcount and debt as it looks to preserve cash (The National 22/11/2020)
Federal government employees given five-day weekend for National Day (The National 22/11/2020)
Abu Dhabi hotel revenues increase 46% in Q3 as domestic tourism picks up (The National 22/11/2020)
UAE inches closer to cashless economy target (Gulf News 22/11/2020)
Latest Covid-19 stats in the UAE as at 22nd November 2020
1,205 New Cases
791 New Recoveries
4 Deaths
158,990 Total Cases
148,871 Total Recoveries
552 Total Deaths
If you find 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
Need business support services in the UAE? We're here to help.
Remove the challenge of doing business in a foreign country, by using the trusted business services of Gateway Group. Recommended by international law firms, business groups and trade associations; we can support your business when you need the peace of mind of having someone on-the-ground who knows what they are doing, understands the business environment, is clued up on how to get things done and will quickly grasp exactly what you need. Whether you need one-time help or on-going support, speak to our friendly team to find out how we can help you.
Gateway Group Business Setup
Gateway Group helps companies get licensed to do business in the United Arab Emirates. Founding Partner, Jenny Hunt, has been setting up businesses in Abu Dhabi and Dubai, and arranging visas, for over 10 years!
Founded, and headed up by, British husband and wife team, Nathan and Jenny Hunt, Gateway operates with it's core values at heart: Honesty. Trust. Integrity. Just like their clients - they've invested their own money into businesses, and want the confidence of having management & financial control, asset protection, trustworthy partners for on-the-ground support, and being legally compliant. They understand the anxiety. And, the good news is they've done all the ground work already - tried and tested it on your behalf, so to speak - so they are best positioned to help you setup your UAE company the right way, and provide complementary business support services. #GatewayToUAE #ReassuringlyHonest