UAE Weekly Business News 01/08/22

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

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UAE Weekly Business News, Issue 97. 1st August 2022.

UAE trade license, employment and visa-related news headlines

• ‘How much notice should I give if I resign during probation?’ (The National 31/07/2022)

• CBUAE imposes financial sanctions on 6 banks operating in country (WAM 28/07/2022)

• Abu Dhabi Business Centre adds 126 new activities under Tajer category to support SMEs (The National 28/07/2022)

• Ministry of Human Resources and Emiratisation amends provisions of Wages Protection System (WAM 27/07/2022)

• CBUAE imposes financial sanction on exchange house operating in country (WAM 27/07/2022)

• UAE doubles down on penalties for late payment of wages (The National 27/07/2022)

• IFZA, Commercial Bank of Dubai partner to provide exclusive banking solutions (WAM 26/07/2022)

• Cybercriminals pose as postal services to target Middle East consumers (The National 26/07/2022)

• Dubai grants provisional licence to Huobi crypto exchange (The National 25/07/2022)

• Can UAE visa still be valid after six months outside the country? (The National 25/07/2022)

UAE bilateral trade news headlines

• UAE, Kenya announce intent to commence negotiations on Comprehensive Economic Partnership Agreement (WAM 28/07/2022)

• UAE seeks stronger maritime collaboration with Egypt (The National 28/07/2022)

• Abu Dhabi Chamber discusses cementing cooperation with Philippine Business Council (WAM 27/07/2022)

• Abdullah bin Zayed, Romanian counterpart discuss bilateral ties over phone (WAM 27/07/2022)

• UAE-Nigeria Joint Committee meeting convened to advance economic cooperation (WAM 26/07/2022)

• Bahrain joins UAE, Egypt and Jordan's industrial partnership for growth (The National 25/07/2022)

UAE business and economy-related headlines

• Watermelon Market in push to help F&B industry save time and money (The National 01/08/2022)

• Etihad Credit Insurance extends credit guarantees worth $1.3b in January-May (The National 01/08/2022)

• School leavers are spending thousands of dollars for help with university applications (The National 01/08/2022)

• Emirati neurosurgeon returns to carry out groundbreaking robotic spine surgery (The National 01/08/2022)

• Passengers urged to register for smart gates at Dubai airport to avoid delays (The National 01/08/2022)

• DEWA uses AI to improve efficiency of water network (WAM 31/07/2022)

• MENA Attractions & Destinations Forum 2022 set to highlight regions key attractions, destinations to drive tourism growth sustainably (WAM 30/07/2022)

• National banks provided AED696.7b in credit facilities to business and industrial sector in first four months of 2022 (WAM 29/07/2022)

• Dubai’s real estate market records in June highest volume of sales in nine years (WAM 29/07/2022)

• Dubai Financial Services Authority appoints new Chief Executive (WAM 29/07/2022)

• AED6.8b in weeklong real estate transactions in Dubai (WAM 29/07/2022)

• ADNOC announces second gas discovery from Offshore Block 2 Exploration Concession in Abu Dhabi (WAM 29/07/2022)

• Ma'an incubator helps 12 start-ups to solve financial literacy and EdTech challenges (The National 29/07/2022)

• Could starting a side hustle be your ticket to financial success? (The National 29/07/2022)

• Some Abu Dhabi pharmacies allowed to provide Covid-19 vaccines and PCR tests

• Abu Dhabi drive-through Covid-19 test centre to close (The National 29/07/2022)

• Actis to acquire controlling stake in UAE's renewable energy developer Yellow Door Energy (The National 29/07/2022)

• Etihad Airways soars to record-breaking first half profit as transformation pays off (WAM 28/07/2022)

• DP World signs new development projects to strengthen F&B cluster, capabilities within Jebel Ali (WAM 28/07/2022)

• Aldar Properties to acquire four commercial towers in ADGM From Mubadala Investment Company (WAM 28/07/2022)

• EAD highlights Abu Dhabi Marine biodiversity conservation and rehabilitation efforts (WAM 28/07/2022)

• UAE trademark applications up 98% in first half of 2022 (The National 28/07/2022)

• DP World signs deals to develop new agri-storage and processing units at Jebel Ali port (The National 28/07/2022)

• CBUAE raises Base Rate at 75 basis points (WAM 27/07/2022)

• Ministry of Energy and Infrastructure launches Power-to-Liquids Roadmap (WAM 27/07/2022)

• National visions on sustainable development support long-term cable industry growth in MENA (WAM 27/07/2022)

• ADX ranked first in Arab region in terms of market value increase (WAM 27/07/2022)

• EDB offers free consultancy to SMEs, boosting efficiency in UAE manufacturing (WAM 27/07/2022)

• ADNOC Drilling awarded $2 billion in contracts for Hail, Ghasha Gas Development Project (WAM 27/07/2022)

• Top M&A advisers in the Middle East and Africa in H1 revealed (The National 27/07/2022)

• Abu Dhabi to open nine charter schools in September (The National 27/07/2022)

• Genetic sequencing at Dubai children's hospital aims to improve patient care (The National 27/07/2022)

• Fund transfers between UAE banks amounted to AED3.96t in first four months of 2022 (WAM 26/07/2022)

• Cheques cleared in first four months valued at AED389b (WAM 26/07/2022)

• Dubai Investments strengthens foothold in steel business with 25 years of Emirates Building Systems (WAM 26/07/2022)

• ADNOC Logistics and Services acquires Zakher Marine International (WAM 26/07/2022)

• Hub71, Clara partner to digitise startups’ legal needs (WAM 26/07/2022)

• DEWA increases production capacity of energy and water (WAM 26/07/2022)

• Mariam Almheiri inaugurates upgraded National Air Quality Platform (WAM 26/07/2022)

• EAD reflects on Mangrove restoration efforts undertaken in Abu Dhabi (WAM 26/07/2022)

• 'Uber of private jet bookings' starts Middle East operations (The National 26/07/2022)

• Dubai forms higher committee for future technology and digital economy (The National 26/07/2022)

• Dubai to expand electricity and water production capacity to meet growing demand (The National 26/07/2022)

• UAE’s financial wealth expected to surge to $1tn by 2026 #UAE prosecutors warn against posting images online without consent (The National 26/07/2022)

• Abu Dhabi approves Dh6.6bn plan to boost pensions of Emirati public school workers (The National 26/07/2022)

• President Sheikh Mohamed meets Sheikh Mohammed bin Rashid (The National 26/07/2022)

• 'Borouge 4' on track with early works underway, construction set to commence (WAM 25/07/2022)

• Abu Dhabi's Borouge 4 plant set for next phase of development (The National 25/07/2022)

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Written by Jenny Hunt

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

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