Jenny Hunt
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 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? (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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Gateway Group Of Companies
With offices in Abu Dhabi and Dubai, Gateway Group helps international companies get registered to do business in the United Arab Emirates (UAE). We are the authority on business licenses and visas for expats in Abu Dhabi and Dubai.
Founded and headed up by British husband and wife team, Nathan and Jenny Hunt, Gateway operates with it's core values at heart: Honesty. Trust. Integrity. We do what's in the best interests of our clients rather than what's best for our bottom line. After all, we are just like our clients - we've invested our own money into our business licenses, so we fully appreciate what a big investment a commercial license is. We believe this uniquely positions us to provide our services with understanding and empathy.
From our own first-hand experience and knowledge, generated from living and working in the UAE, as well as setting up companies and building relationships here, we are able to offer unique insight and guidance to help our clients successfully step into the market and do business in the UAE.
We value long-term relationships and our incredible client retention is one of our strongest assets, which is extremely rare in our industry.
Founding Partner, Jenny Hunt, has been setting up businesses in Abu Dhabi and Dubai for over 10 years and is ranked in FORBES' Top 100 Most Influential Women In The Middle East!
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Written by Jenny Hunt
Founding Partner, Gateway Group of Companies, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
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