UAE Weekly Business News 01/08/21

Gateway Group's UAE Weekly Business News. Abu Dhabi and Dubai trade and economy headlines.

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.

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UAE Weekly Business News, Issue 47. 1st August 2021.

Trade licence-related headlines

• Dubai Economy fines businesses for failure to register Beneficial Owner data (WAM 25/07/2021)

• Abu Dhabi Criminal Court convicts 9 accused, 6 companies for money laundering, cryptocurrency trading (WAM 28/07/2021)

• UAE to issue financial penalties to operators of abandoned ships (The National 28/07/2021)

Visa-related headlines

• UAE Government starts granting golden visas to resident doctors (WAM 28/07/2021)

Bilateral trade-related headlines

• Mohamed bin Zayed, British PM review latest regional, global developments (WAM 28/07/2021)

• Abu Dhabi Crown Prince's visit to Austria a source of honour for us: Chancellor Kurz (WAM 29/07/2021)

• UAE-Austria Comprehensive Strategic Partnership to create new avenues of collaboration (WAM 30/07/2021)

• UAE, Togo explore expanding cooperation in security and policing (WAM 30/07/2021)

UAE business and economy-related headlines

• Abu Dhabi slashes business set-up fees by more than 90% (The National 25/07/2021)

• Abu Dhabi's move to cut business set-up fees set to boost FDI and non-oil economy (The National 26/07/2021)

• How accelerating the pivot to solar energy can help Mena countries (The National 26/07/2021)

• Dubai looks at first sky pod network with French firm (The National 26/07/2021)

• Dubai Free Zones Council explores business accelerator initiatives and startups support (WAM 27/07/2021)

• EAD, Wetlands International launch new online portal for world’s waterbird populations (WAM 27/07/2021)

• Noura Al Kaabi highlights impact of creativity and culture in creating sustainable economy (WAM 27/07/2021)

• Agreement signed to boost global competitiveness of UAE’s industrial sector (WAM 27/07/2021)

• Times Higher Education: UAE universities score highly on Arab league table (The National 27/07/2021)

• Dubai mortgage deals surge 91% in H1 on back of lending reforms (Khaleej Times 27/07/2021)

• UAE has prioritised sustainable development plans, strategies (WAM 28/07/2021)

• Department of Health - Abu Dhabi stimulates foreign direct investment opportunities in the healthcare sector (WAM 28/07/2021)

• Public-private partnership conference to bolster Dubai’s role as a global investment hub (The National 28/07/2021)

• DP World's 2nd quarter shipping volumes rise 17% as global trade rebounds (The National 28/07/2021)

• Hamdan bin Mohammed issues Resolution on waivers and reductions of fees for a total of 88 government services (WAM 29/07/2021)

• AED5.4bn of weeklong real estate transactions in Dubai (WAM 29/07/2021)

• UAE Central Bank maintains Base Rate at 15 basis points (WAM 29/07/2021)

• Dubai hotel occupancy rises in June as regional travel picks up (The National 29/07/2021)

• Abu Dhabi among top global cities with fastest 5G download speed (The National 30/07/2021)

• Mena region to see more SPAC deals (Khaleej Times 30/07/2021)

• UAE among the world's fastest countries in deploying 5G networks (WAM 31/07/2021)

• Dubai Customs launches Trader Export Report service to enhance compliance, abidance and revenues (WAM 31/07/2021)

• Dafza’s first-quarter trade climbs to $39bn amid improving FDI and global trade (The National 31/07/2021)

• UAE is top destination for Indian job seekers (The National 31/07/2021)

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Written by Jenny Hunt

Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates

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