UAE Weekly Business News 01/05/23

Abu Dhabi Airports Free Zone reports two-fold increase in leased-out spaces, properties (WAM 25/04/2023)

UAE’s marking of International Workers’ Day embodies culture of respect for all workers (WAM 30/04/2023)

UAE banks to employ 5,000 Emiratis by 2026 (Khaleej Times 28/04/2023)

Private sector given June 30 as deadline for half-yearly Emiratisation targets (WAM 26/04/2023)

Abu Dhabi targets 24 million visitors by 2023 (WAM 01/05/2023)

AD Ports Group announces purchase of vessels following strategic agreements (WAM 01/05/2023)

Getting ahead will be handy before UAE corporate tax sets in (The National 01/05/2023)

UAE Government launches 'Generative AI' guide to facilitate adoption of AI technology (WAM 30/04/2023)

RTA awards contract for constructing internal roads in Al Qusais Industrial Areas (Government of Dubai Media Office 30/04/2023)

UAE leads GCC markets with $3.2b IPO proceeds in first quarter (The National 30/04/2023)

Federal Tax Authority board reviews corporate tax implementation progress (The National 30/04/2023)

UAE launches guide on adopting AI technology in key sectors (The National 30/04/2023)

DET to showcase Dubai’s diverse sustainability platforms at Arabian Travel Market

UAE President meets Mohammed bin Rashid at Al Marmoom in Dubai (WAM 29/04/2023)

AI research and development central to UAE’s economic diversification, sustainable growth and global competitiveness strategy - COP28 President-Designate (WAM 29/04/2023)

COP28 UAE Higher Committee reviews strategic priorities and progress on upcoming milestones (WAM 29/04/2023)

Sultan AlNeyadi makes history as the first Arab astronaut to complete a spacewalk on the ISS (WAM 29/04/2023)

Dubai registered record 11,597 real estate sales last month (WAM 28/04/2023)

ADIHEX announces guidelines for buying, selling knives, bows and arrows (WAM 28/04/2023)

Mohammed bin Rashid appoints Maktoum bin Mohammed as First Deputy Ruler of Dubai and Ahmed bin Mohammed as Second Deputy Ruler of Dubai (WAM 28/04/2023)

UAE to host WTO Parliamentary Conference next year (WAM 28/04/2023)

UAE Banks Federation approves 2023 strategy for banking sector development (WAM 28/04/2023)

MoF issues decisions on permanent establishment for non-resident person and maintaining audited financial statements (WAM 28/04/2023)

KEZAD Group, Al Ghurair Foods sign lease agreements for over AED1b mega projects (WAM 28/04/2023)

Dubai records over AED10.8b in weeklong real estate transactions (WAM 28/04/2023)

MENA region’s first sustainable electric aircraft manufacturing facility to launch in Abu Dhabi (WAM 28/04/2023)

UAE non-residents given clarity over corporate tax rules (The National 28/04/2023)

Al Ansari IPO shows how equity markets can support family businesses (The National 28/04/2023)

Bookings and travel demand on the rise in Dubai (The National 28/04/2023)

Dubai university takes action after students use ChatGPT (The National 28/04/2023)

UAE-India flights: Etihad plans to connect to six more destinations in country (Khaleej Times 28/04/2023)

Banking sector driving UAE financial markets following positive earnings announcements (WAM 27/04/2023)

Ministry of Climate Change and Environment unveils results of Second UAE ‘National Air Pollutant Inventory Study (WAM 27/04/2023)

Dubai next global hedge fund hub (WAM 27/04/2023)

Annual Investment Meeting 2023 highlights opportunities to stimulate FDI flows (WAM 27/04/2023)

Abu Dhabi International Airport welcomes first SF Express flight (WAM 27/04/2023)

QCC granted 5,303 conformity certificates, registered 84 products, and issued 35 Trust Mark licences (WAM 27/04/2023)

CABSAT 2023 to showcase innovative technologies in production and broadcast sector with major players (WAM 27/04/2023)

Hamed Al Zaabi highlights UAE's strong progress in combatting money laundering, terrorist financing (WAM 27/04/2023)

Mansour bin Zayed issues decision to approve 71 farm-based economic activities (WAM 27/04/2023)

Dubai’s international higher education institutions register annual enrolement growth of 8% (WAM 27/04/2023)

Dubai Central Laboratory is reference lab for food product validity assessment studies for Marks & Spencer in Dubai (WAM 27/04/2023)

Middle East airports pushing sustainability and innovation agenda (WAM 27/04/2023)

UAE to host the 2023 ACFE Fraud Conference Middle East (WAM 27/04/2023)

NYU Abu Dhabi researchers develop first-ever ingestible electroceutical device to control appetite (WAM 27/04/2023)

80% growth in corporate contracts authenticated before notary public: ADJD (WAM 27/04/2023)

Mubadala seeks infrastructure and property deals in global push (The National 27/04/2023)

UAE tech companies among fastest-growing in Middle East (The National 27/04/2023)

Heavy fines helping to combat money laundering in UAE (The National 27/04/2023)

Dubai: Fear of eviction, rising rents push residents to buy properties (Khaleej Times 27/04/2023)

Dubai property: British, Indian, and Russian buyers lead real estate market; Pakistanis slip out of top 10 (Khaleej Times 27/04/2023)

UAE flights: Emirates to ramp up China operations after it opens for international travel (Khaleej Times 27/04/2023)

Integrate Middle East to discuss impact of the latest technologies on the education and training sector (WAM 26/04/2023)

Dubai Customs dealt with 112 cases of 10 million counterfeit goods worth AED29m in Q1 2023 (WAM 26/04/2023)

MoEI backs UAE Maritime Week to build a skilled workforce for a strong maritime economy (WAM 26/04/2023)

Xlinks’ first-of-a-kind renewable energy project secures backing from TAQA and Octopus Energy (WAM 26/04/2023)

EGA, RECAPP by Veolia to boost aluminium recycling in UAE schools and universities (WAM 26/04/2023)

Borouge 2 plant turnaround project successfully completed (WAM 26/04/2023)

UAE launches Domestic Dirhams Islamic Treasury Sukuk with size of AED1.1b (WAM 26/04/2023)

Mohammed bin Rashid visits MBRSC, announces Rashid 2 new Emirati lunar mission (WAM 26/04/2023)

Crisis and Emergency Management Summit 2023 to discuss current issues, future mitigation mechanisms (WAM 26/04/2023)

Dubai developer to build $82m cruise ship-style residence (The National 26/04/2023)

UAE homebuyers opt for fixed-rate mortgages to offset rising costs (The National 26/04/2023)

India-UAE travels: Air India adds more flights to Dubai from Delhi, Mumbai (Khaleej Times 26/04/2023)

UAE plays key role in creating investment opportunities: Minister of Economy (WAM 25/04/2023)

ADDED, Wio Bank to support growth of SMEs (WAM 25/04/2023)

ADNOC L&S helps deliver energy to the world (WAM 25/04/2023)

DEWA, RTA to enhance transition towards green economy Ministry of Education announces UAE's Green Education Partnership Roadmap in preparation for COP28 (WAM 25/04/2023)

Dubai Endowment, DLD launch innovative endowment initiative for real estate developers

Dubai Metro's success goes beyond passenger numbers (WAM 25/04/2023)

Developers urged to dedicate one unit from properties to support good causes (The National 25/04/2023)

Industry Development Council discusses Make it in the Emirates incentives (The National 25/04/2023)

UAE, GCC IPO pipeline to remain robust in the near future: study (Khaleej Times 25/04/2023)

Minister of Economy emphasises need to create investment opportunities in new economy (WAM 24/04/2023)

EWEC leading energy sector decarbonisation efforts and driving towards net zero (WAM 24/04/2023)

Emirates to expand global network with launch of services to Montréal in July (WAM 24/04/2023)

Fitch upgrades United Arab Bank's VR to 'b+' and affirms IDR at 'BBB+’, outlook stable (WAM 24/04/2023)

Arabian Travel Market's 30th edition focuses on technology with 54.7% more sector participation (WAM 24/04/2023)

Barakah Nuclear Energy Plant’s Unit 2 back online to provide continuous clean electricity (WAM 24/04/2023)

Dubai Customs continues goods clearance services 24/7, 365 days a year (WAM 24/04/2023)

A significant week for the UAE in space (WAM 24/04/2023)

UAE among top 12 in World Bank's Logistics Performance Index 2023 (The National 24/04/2023)

Amanat Holdings completes acquisition of majority stake in Sukoon (WAM 26/04/2023)

Multiply Group signs binding commitment to acquire 55% stake in Media 247 (WAM 25/04/2023)

Maqta Gateway acquires TTEK Inc. to serve international markets with single window solution (WAM 24/04/2023)

National Marine Dredging Group achieves 366% growth in net profit in Q1 2023 to AED303m (WAM 28/04/2023)

Al Tayer receives Deputy Prime Minister of Turkmenistan (WAM 28/04/2023)

Dubai Financial Market announces 30% upsurge in Q1 2023 net profit to AED35.6m (WAM 28/04/2023)

Borouge posts first-quarter revenue of $1.38b (The National 28/04/2023)

Mashreq reports net profit of AED1.6b with a 96% increase in operating profits for Q1 2023 (WAM 27/04/2023)

Emirates Islamic reports record net profit of AED601m for Q1 2023 (WAM 27/04/2023)

FAB reports net profit of AED3.9b in Q1 2023 (WAM 27/04/2023)

Emirates NBD's Q1 2023 profit doubled to a record AED6b (WAM 27/04/2023)

DP World reports gross volume growth of 3.7% on like-for-like in Q1 2023 (WAM 27/04/2023)

RAKBANK's net profit rises by 105% to AED450m in Q1 2023 (WAM 26/04/2023)

National Bank of Fujairah's net profit surges 151.8% to AED152m in Q1 2023 (WAM 26/04/2023)

ADIB's Q1 2023 net profit grew by 54% YoY to AED1.1b (WAM 26/04/2023)

Minister of Economy discusses enhancing cooperation with Moroccan officials (WAM 30/04/2023)

UAE participates in Joint Annual Meeting of Arab Financial Institutions (WAM 30/04/2023)

Dubai Press Club receives delegation of media students from Damascus University (WAM 30/04/2023)

Dubai International Chamber concludes trade mission to London's Retail Technology Show (WAM 30/04/2023)

UAE participates in second Tashkent International Investment Forum in Uzbekistan (WAM 29/04/2023)

IsDB,Uzbekistan sign US$396.7m financing agreements to boost infrastructure, rural development, education (WAM 28/04/2023)

UAE President sends written letter to President of Central African Republic which included an invitation to COP28 (WAM 28/04/2023)

UAE President sends written letter to Senegalese President and invitation to COP28 (WAM 28/04/2023)

UAE's larger space missions are on track (WAM 28/04/2023)

ADNOC L&S expands its global operations at Philippines LNG Import Terminal (WAM 27/04/2023)

UAE and Cambodia conclude Comprehensive Economic Partnership Agreement (WAM 27/04/2023)

AD Ports Group, Congo discuss future cooperation (WAM 27/04/2023)

UAE President extends personal COP28 invite to President of Argentina (WAM 27/04/2023)

ADSB to participate at upcoming IMDEX 2023 in Singapore (WAM 26/04/2023)

DEWA, Canada’s Xanadu discuss cooperation in quantum computing (WAM 26/04/2023)

Abu Dhabi’s Taqa invests $31m in British start-up Xlinks First (The National 26/04/2023)

UAE, EU discuss boosting bilateral ties (WAM 25/04/2023)

Over 200 Chinese business leaders attend DMCC's China Business Day (WAM 25/04/2023)

UAEU establishes research collaboration with 140 Japanese universities, academic institutions (WAM 25/04/2023)

Judicial Department in Abu Dhabi receives French Judicial School Delegation (WAM 24/04/2023)