UAE Weekly Business News 02/05/22
Eid Mubarak!
Welcome to Gateway's 84th 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.
Click the headlines below to go directly to the articles. The source is in purple.
UAE trade licence and visa-related headlines
Dubai issues 18,013 e-Trader licences to date (WAM 25/04/2022)
Dubai Chamber records 64% year-over-year membership growth in Q1 2022 (WAM 26/04/2022)
100,000 free licences of 01Gov platform for government employees (WAM 27/04/2022)
ADDED signs agreements with 4 banks to provide 'easy payment plan' (WAM 28/04/2022)
UAE salaries: which tech jobs are in demand and how much do they pay? (The National 28/04/2022)
What the UAE's new green visa means for teachers (The National 28/04/2022)
Dubai property broker fined AED50,000 for cold calling (The National 29/04/2022)
Dubai property sets record for price per square foot (The National 29/04/2022)
Marina 101: Dubai's second-tallest building 'close to completion' (The National 29/04/2022)
‘Can an employer withdraw a job offer over late bill payments?’ (The National01/05/2022)
UAE bilateral trade-related headlines
Export credit agencies of UAE and Indonesia sign reinsurance agreement to bolster bilateral trade (WAM 25/04/2022)
UAE-Turkey discuss Comprehensive Economic Partnership Agreement (WAM 27/04/2022)
Abdullah bin Zayed receives Abraham Accords Delegation (WAM 27/04/2022)
Al Zeyoudi discusses with Chinese Business Council measures to enhance Chinese investments in UAE (WAM 28/04/2022)
UAE, Rwanda sign economic, technical cooperation agreement (WAM 29/04/2022)
Abdullah bin Zayed, Turkmen Deputy Premier, FM discuss enhancing bilateral ties (WAM 30/04/2022)
UAE economy-related headlines
AED6.8b of contracts awarded to SMEs through Expo 2020 Dubai (WAM 25/04/2022)
DLD's Mo’asher tracks highest-ever number of quarterly real estate transactions since 2010 (WAM 26/04/2022)
EAD discovers new Eagle Ray species in Abu Dhabi waters (WAM 26/04/2022)
Emirates aims to return to 100% of pre-pandemic capacity in 2023 (The National 26/04/2022)
Aldar sets up logistics unit after acquiring stake in Abu Dhabi Business Hub (The National 26/04/2022)
UAE's best universities: The British University in Dubai (The National 26/04/2022)
Abu Dhabi to begin new clinical trials for people with MS (The National 26/04/2022)
National Marine Dredging Company allows foreigners to own 49% of company's capital (WAM 27/04/2022)
Total bank deposits amounted to AED1.988t by end of February: Central Bank
Gold Souk Extension ready to welcome the world (WAM 27/04/2022)
Dubai Free Zones to boost their contribution to Dubai’s GDP to AED250b by 2030 (WAM 27/04/2022)
Hamdan bin Mohammed approves launch of AED370m ‘Venture Capital Fund for Startups’ (WAM 27/04/2022)
Emirates Tourism Council reviews national plans to develop tourism data system in UAE (WAM 27/04/2022)
Dubai Airports announces capacity shift to DWC during closure of DXB’s northern runway (WAM 27/04/2022)
Dewa to spend $11b to expand its renewable energy capacity over next five years (The National 27/04/2022)
UAE hotels welcomed 19 million guests in 2021 (The National 27/04/2022)
Saudi and UAE universities reach top rankings for sustainability (The National 27/04/2022)
UAE's best universities: New York University Abu Dhabi (The National 27/04/2022)
DXB gearing up for Eid travel rush (WAM 28/04/2022)
FANR Board reviews Barakah Nuclear Power Plant progress, approves 2023-2026 strategy (WAM 28/04/2022)
Fitch Affirms ‘AA-’ long-term Issuer Rating to Emirates Development Bank with stable outlook (WAM 28/04/2022)
JAFZA breaks ground at new Logistics Park (WAM 28/04/2022)
More than 300,000 apply for 6,000 Emirates cabin crew jobs (The National 28/04/2022)
Dubai is the 14th-best city in the world for retirees (The National 28/04/2022)
Dubai's free zones on track to boost GDP contribution to $68b by 2030 (The National 28/04/2022)
Dubai the third-best city in the world for digital nomads (The National 28/04/2022)
Dubai Police prepare inmates for life after prison with university courses (The National 28/04/2022)
AECB introduces 'Expense to Salary Ratio' indicator to credit reports (WAM 29/04/2022)
New Executive Regulation of Industrial Property Law complements UAE’s legislative patent system (WAM 29/04/2022)
Abu Dhabi's real estate transactions exceed AED11.3b in Q1 2022 (WAM 29/04/2022)
AED6.6b in weeklong real estate transactions in Dubai (WAM 29/04/2022)
DEWA completes 96.50% of SWRO water desalination plant in Jebel Ali (WAM 29/04/2022)
Ministry of Finance launches digital public consultation initiative (WAM 29/04/2022)
EIBFS, Chartered Banker Institute launch educational programmes to boost green and sustainable finance (WAM 29/04/2022)
Abu Dhabi International Book Fair 2022 to feature over 1,000 publishers from 80 countries (WAM 29/04/2022)
Mohammed bin Rashid issues Law to form Rashid and Latifa Schools Establishment (WAM 29/04/2022)
Yahsat wins $7.7m UAE government deal (The National 29/04/2022)
UAE consumer spending up 14% in Q1 as economic recovery gains momentum (The National 29/04/2022)
UAE petrol prices to fall in May (The National 29/04/2022)
UAE's best universities: Murdoch University Dubai (The National 29/04/2022)
Emirati astronaut set for six-month mission to ISS (The National 29/04/2022)
GCAA grants operational approval for Dubai Civil Defense to use UAS (WAM 30/04/2022)
ADDED encourages private sector companies to benefit from UAE-India CEPA (WAM 30/04/2022)
New 5, 10, 50 dirham banknotes enter circulation (WAM 30/04/2022)
EDB reaffirms financial commitment to UAE SMEs and start-ups (The National01/05/2022)
Dubai's gold sector to receive a boost as UAE-India pact takes effect (The National01/05/2022)
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Gateway Group Of Companies
The Gateway Group Of Companies helps organizations to mitigate the risks of getting licensed to do business in the UAE. We were established back in 2014 to provide no-nonsense, transparent and well communicated services, as a result of witnessing the troubles companies encountered when doing their company formation in Abu Dhabi and Dubai.
Establishing a presence in the UAE doesn't need to be difficult, providing you engage the right expertise at the outset. We are just like you - we have invested our own money to establish our businesses in the UAE, so unlike a sales team, we understand and can empathize with the anxieties and risks of doing business overseas and the implications of making the wrong decisions. We are best positioned to provide, on-the-ground, practical advice from first hand experience. Hence, our services are designed to give you full control of your business, protect your assets and keep your profits. After all, this is exactly what we want for our own businesses too.
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Written by Jenny Hunt, Founding Partner & Strategic Advisor to the Gateway Group of Companies, Abu Dhabi & Dubai UAE
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