UAE Weekly Business News 01/08/22

Welcome to Gateway's 97th weekly roundup of business headlines in the UAE. This resource aims to help you quickly and conveniently keep in touch with business in Abu Dhabi and Dubai.

Simply scan through the headlines and choose to read those which are relevant to your business. Click the headlines below to go directly to the articles. The source is in purple.

UAE Weekly Business News Headlines. Choose Gateway Group for the best mainland company registration, free zone business setup, offshore incorporation and visa services in Abu Dhabi and Dubai, United Arab Emirates.

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 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?