UAE Weekly Business News 01/07/2024
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UAE Weekly Business News: Issue 195 published 01 July 2024.
UAE FREE ZONE NEWS
DIFC Square breaks ground on near 1 million sqft development (WAM 30/06/2024)
DIEZ, Aramex launch autonomous delivery robot (WAM 26/06/2024)
DIFC Innovation Hub, du join hands to foster SME innovation (WAM 24/06/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Sending your maid back home? How to cancel work permit (Khaleej Times 01/07/2024)
UAE transit visa: How to apply for 48-hour or 96-hour permit during stopover (Khaleej Times 01/07/2024)
Emirates staff to get pay hike, education allowance, longer leaves (Khaleej Times 30/06/2024)
MoHRE sets 30 June deadline for meeting Emiratisation targets (WAM 28/06/2024)
UAE firms warned over Emiratisation targets (Arabian Business 28/06/2024)
WhatsApp job scam: Experts warn of ‘red flags’ as UAE residents battle ongoing ‘smishing’ (Arabian Business 28/06/2024)
Etihad to hire hundreds of pilots as it aims to double fleet by 2030 (The National 27/06/2024)
UAE interest in AI upskilling surges, Coursera report says (The National 27/06/2024)
UAE Pension Authority reports rise in payouts, beneficiary numbers for June 2023 (Arabian Business 27/06/2024)
Ministry of Human Resources and Emiratisation launches video call service for customers (WAM 26/06/2024)
UAE employees ‘excited’ about AI, generative technology, says new report (Arabian Business 26/06/2024)
Vacation guilt, financial worries, and busy schedules leave 50% of UAE millennials feeling ‘vacation deprived’, study finds (Arabian Business 26/06/2024)
DEWA’s projects promote emiratisation of the energy sector, creating pioneering job opportunities (Government of Dubai Media Office 24/06/2024)
UAE BUSINESS NEWS
flydubai adds two destinations in Iran (WAM 01/07/2024)
Yahsat selects SpaceX to launch Al Yah 4, Al Yah 5 satellites (WAM 01/07/2024)
ADNOC saves $500m from implementing 30 AI tools (WAM 01/07/2024)
Presight, Wand AI partner to deploy generative AI assistants across UAE-based enterprises (WAM 01/07/2024)
RTA Partners with Private Sector to Launch Cutting-Edge Digital Platform for Commercial Transport Services (Government of Dubai Media Office 01/07/2024)
Khalifa Fund for Enterprise Development partnership with e& UAE to accelerate local startup growth (Abu Dhabi Media Office 01/07/2024)
Environment Agency – Abu Dhabi launches noise levels mapping initiative (Abu Dhabi Media Office 01/07/2024)
Adnoc ‘on track’ to meet 2030 sustainability targets (The National 01/07/2024)
Middle East heat takes toll on energy supply in summer (The National 01/07/2024)
New data centre unveiled in UAE (Khaleej Times 01/07/2024)
Dubai property prices up 21% with staggering 35,310 transactions in Q2 (Arabian Business 01/07/2024)
Middle East travel trends 2024: Longer holidays, bigger spends, trending destinations (Arabian Business 01/07/2024)
Maktoum bin Mohammed announces AED25b in new investment incentives (WAM 30/06/2024)
UAE private sector: ‘An engine of change’ critical to SDGs (WAM 30/06/2024)
Al Maktoum International Airport: Pioneering Dubai's future in aviation, economic growth (WAM 30/06/2024)
UAE joins UNESCO's ISSN network (WAM 30/06/2024)
Amna Al Dahak emphasises UAE's commitment to collaborating with BRICS on food security, trade, and environmental conservation (WAM 30/06/2024)
Department of Health – Abu Dhabi partners with Authority of Social Contribution – Ma’an to support development of healthcare research in the emirate (Abu Dhabi Media Office 30/06/2024)
Dubai Mortgages hit 14-month high as demand for property stays strong (Khaleej Times 30/06/2024)
UAE cracks down on counterfeit: 620 violations recorded since the start of 2023 (Khaleej Times 30/06/2024)
Dubai targets $177b foreign direct investment by 2033; major plan to develop areas near Metro stations (Arabian Business 30/06/2024)
Dubai real estate sector recorded $4.3b of transactions last week (Arabian Business 30/06/2024)
Air Arabia announces Sharjah to Athens flights to boost UAE Greece connectivity (Arabian Business 30/06/2024)
UAE economy set for further growth in 2024 as tourism, finance and construction thrive (Arabian Business 30/06/2024)
Emirates defers planned A350 services to Middle East and Europe amid jet delivery delays (The National 29/06/2024)
Dubai cracks down on illegal diesel trading, ramps up inspections (Khaleej Times 29/06/2024)
Dubai Supreme Council of Energy conducts inspection campaigns on gas oil sector in Dubai (WAM 28/06/2024)
AD Ports Group, International Trade Centre sign strategic agreement to enhance trade facilitation initiatives (WAM 28/06/2024)
Air Arabia announces direct flights to new destination (Khaleej Times 28/06/2024)
Swift Day Surgery, Zulekha Hospital team up to launch cutting-edge laser surgery facility in Dubai (Arabian Business 28/06/2024)
Etihad Cargo reinforces commitment to North American market with incremental capacity (WAM 27/06/2024)
DEWA’s projects and programmes contribute to enhancing energy and water efficiency and reduce the carbon footprint (Government of Dubai Media Office 27/06/2024)
Dubai SME members awarded contracts worth AED1.27b in 2023 (Government of Dubai Media Office 27/06/2024)
UAE leads in AI enthusiasm and application (Khaleej Times 27/06/2024)
Vibrant foreign trade to propel UAE’s GDP growth by 6.2% in 2025 (Khaleej Times 27/06/2024)
Dubai real estate hits record-breaking sales transactions in May (Arabian Business 27/06/2024)
MENA shoppers using buy-now-pay-later for essential purchases says Tabby (Arabian Business 27/06/2024)
Dubai Airports plans to increase annual DXB passenger capacity to 120 million (Arabian Business 27/06/2024)
UAE a global hub for business setup, offers 13 unmatched advantages, incentives for investors (WAM 26/06/2024)
Etihad Airways launches direct flights to Bali (WAM 26/06/2024)
GDRFA Dubai, Dubai Airports ink cooperation agreement to enhance passenger services (Government of Dubai Media Office 26/06/2024)
Non-oil sector to drive GCC growth to offset oil output cut impact (Khaleej Times 26/06/2024)
Abu Dhabi witnesses a world-first launch (Khaleej Times 26/06/2024)
Majority of UAE small businesses ‘believe’ in AI growth potential, survey reveals (Arabian Business 26/06/2024)
UAE reaffirms commitment to supporting maritime sector, seafarers (WAM 25/06/2024)
Dubai drops out of top 10 most expensive cities for ultra-wealthy (The National 25/06/2024)
Dubai remains attractive to wealthy buyers despite rising cost of living (Arabian Business 25/06/2024)
GCC luxury market hit $12.5bn in 2023 as shoppers buy fashion, watches and beauty products (Arabian Business 25/06/2024)
Dubai completes traffic improvements on major roads to slash journey times for 130,000 people (Arabian Business 25/06/2024)
Etihad Airways operates first flight to Al Qassim (WAM 24/06/2024)
SingAuto to build 'world's largest' commercial EV industrial district in Abu Dhabi (The National 24/06/2024)
UAE FINANCIAL NEWS
CBUAE explores solutions and initiatives to achieve ‘Zero Bureaucracy’ in financial sector (WAM 01/07/2024)
Nasdaq Dubai welcomes listing of $400 million Sukuk by Arada (WAM 01/07/2024)
CBUAE issues Open Finance Regulation to ensure soundness, efficiency of open finance services (WAM 27/06/2024)
Sharjah Islamic Bank successfully issues $500m sukuk (WAM 27/06/2024)
Half of all emerging-market debt issued by core Islamic finance markets (Khaleej Times 27/06/2024)
Ministry of Finance announces closure of US dollar-denominated 10-year $1.5b bond offering (WAM 26/06/2024)
Al Hilal Bank launches instant digital Shariah-compliant subscription service for IPOs in collaboration with ADX (WAM 26/06/2024)
UAE blockchain, crypto startups emerge as top favourites for VCs, global investors (Arabian Business 26/06/2024) CBUAE issues Sandbox Conditions Regulation to foster innovation in financial services sector (WAM 25/06/2024)
ADNOC Drilling confirms new enhanced dividend policy with minimum 10% annual growth for 5 years (WAM 25/06/2024)
Abu Dhabi to launch region's first Family Business Index (WAM 25/06/2024)
ADX gains AED13.5b driven by financial blue chips Monday (WAM 24/06/2024)
UAE corporate tax: How service providers can be a critical support (The National 24/06/2024)
UAE MERGERS AND ACQUISITIONS NEWS
PureHealth optimises portfolio with sale of Abu Dhabi Stem Cells Centre, Yas Clinic (WAM 01/07/2024)
The Luxury Real Estate acquires Scorpion Property in major AED3b merger deal (Arabian Business 28/06/2024)
Sirius International Holding acquires Derby Group (WAM 26/06/2024)
e& enterprise acquires Turkey’s GlassHouse Technologies (Arabian Business 26/06/2024)
UAE BILATERAL TRADE NEWS
Al Zeyoudi visits Silicon Valley to strengthen UAE-US ties in technology, innovation sectors (WAM 29/06/2024)
First Lady of the Philippines visits Sheikh Zayed Grand Mosque (WAM 29/06/2024)
Salama bint Hamdan Al Nahyan receives First Lady of Philippines in presence of Mariam bint Mohamed bin Zayed (WAM 28/06/2024)
Dubai Chamber of Commerce launches Colombian Business Council (WAM 27/06/2024)
UAE participates in SelectUSA Investment Summit (WAM 27/06/2024)
UAE-Japan Friendship Committee for Women forum empowers women in sustainable energy sector (WAM 27/06/2024)
AD Ports Group, Saif Powertec Lmited to explore cooperation on multiple port projects in Bangladesh (WAM 26/06/2024)
Abu Dhabi showcases AgriFood Growth and Water Abundance cluster at Future Food-Tech Summit in Chicago (WAM 26/06/2024)
UAE participates in GCC Codex Working Group meetings in Doha (WAM 26/06/2024)
Dubai Investments to develop $2b economic zone in Angola (Arabian Business 26/06/2024)
Abu Dhabi's Masdar in US 'for the long term' (The National 25/06/2024)
UAE-Colombia trade and investment to accelerate as Latin American markets beckon (The National 25/06/2024)
UAE, Hungary agree on developing economic partnership (Khaleej Times 24/06/2024)
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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