UAE Weekly Business News 02/06/2025

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UAE Weekly Business News: Issue 241 published 02 June 2025.

UAE FREE ZONE NEWS

JLL appointed as exclusive leasing advisor for RAK Central HQ (WAM 02/06/2025)

RAKEZ concludes engagements in China to boost bilateral cooperation (WAM 30/05/2025)

Faraday Future to establish AED30m regional facility in RAK

Himatrix Group inaugurates 1st phase of AED33m training centre at Dubai Industrial City (WAM 27/05/2025)

UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)

MoEI, MoHRE launch sustainable guidelines for domestic workers in 8 languages (WAM 02/06/2025)

UAE citizens in Japan can extend visa-free stay to 90 days from July 1 (Khaleej Times 02/06/2025)

Can new businessman get golden visa immediately after investing AED2 million in property? (Khaleej Times 01/06/2025)

UAE employees prioritise flexibility and trust as 77% seek new jobs (Arabian Business 29/05/2025)

Pakistan's ban on deportees will ease travel, visa issues for genuine visitors (Khaleej Timesara 27/05/2025)

UAE BUSINESS NEWS

SCA calls finfluencers to obtain official licence (WAM 02/06/2025)

Sanad, AerCap Materials finalise AED400m engine, airframe component deal (WAM 02/06/2025)

Daman’s services expand into the property, casualty insurance market (WAM 02/06/2025)

Al Seer Marine, B International Shipping & Logistics launch JV 'ASBI Shipping FZCO' (WAM 02/06/2025)

Emirates to reintroduce Damascus services from 16th July (WAM 02/06/2025)

Eid Al Adha: Gold retailers see rise in sales of pieces under AED5,000 (Khaleej Times 02/06/2025)

Dubai real estate sector sets record $18.2b sales in single month (Arabian Business 02/06/2025)

UAE burger brand Pickl announces new Abu Dhabi branch (Arabian Business 02/06/2025)

World Police Summit 2025 draws 54,000 participants (WAM 01/06/2025)

MOCCAE, Emirates Growth Fund to power UAE SMEs driving food security, agritech (WAM 01/06/2025)

Nearly 50% of UAE consumers feel AI not meeting customer service expectations (Khaleej Times 01/06/2025)

Dubai real estate sector recorded $6.25bn of transactions last week (Arabian Business 01/06/2025)

 (WAM 31/05/2025)

ADQCC, DoH to launch ‘Nutri-Mark' initiative in Q4 2025 (WAM 30/05/2025)

Cyber Security Council, DoH boost cyber resilience in healthcare (WAM 30/05/2025)

DoE launches second phase of demand response pilot project in collaboration with ‘Energy Pool’ (WAM 30/05/2025)

UAE airports set global benchmark in digital efficiency (WAM 30/05/2025)

Inaugural M&I Expo to take place in Abu Dhabi in 2026 (Abu Dhabi Media Office 30/05/2025)

Seed Group, Tumodo to advance UAE business travel management (Arabian Business 30/05/2025)

Practo healthcare platform launches instant online access services in UAE (Arabian Business 30/05/2025)

Tabreed operates 92 AI-managed plants in 6 countries from Abu Dhabi hub (WAM 29/05/2025)

UAE Media Council launches system to regulate, empower, stimulate media sector (WAM 29/05/2025)

ADIO, Metal Park to establish Industry 4.0 Competence Centre in Abu Dhabi (WAM 29/05/2025)

EMSTEEL, Magsort to produce decarbonised cement (WAM 29/05/2025)

DWTC announces June events calendar (WAM 29/05/2025)

Eid Al-Adha holiday announced for private sector (WAM 29/05/2025)

DoE, Global Climate Finance Centre sign MoU on energy, water efficiency, climate finance (WAM 29/05/2025)

DoE unveils strategic framework for energy, water sector through 2050 (WAM 29/05/2025)

TAQA, Abu Dhabi Airports sign MoU to enhance energy, water infrastructure management (WAM 29/05/2025)

MoIAT, Sinaha to strengthen UAE's industrial sector, promote national products (WAM 29/05/2025)

Abu Dhabi's data centre industry investments to exceed AED37b (WAM 29/05/2025)

Gridora to develop $9.6b Abu Dhabi infrastructure projects (Arabian Business 29/05/2025)

UAE announces new media law with MAJOR changes for digital content sector (Arabian Business 29/05/2025)

MoHAP urges use of digital services to issue, attest sick leave & medical reports (WAM 28/05/2025)

Burjeel launches medical centre on Saadiyat Island (WAM 28/05/2025)

DAE to sell approximately 75 aircraft (WAM 28/05/2025)

DXB tops 'Air Connectivity Ranking' in Asia-Pacific & Middle East (WAM 28/05/2025)

Abu Dhabi Civil Defence Authority unveils world’s first jet-powered unmanned firefighting aircraft (WAM 28/05/2025)

flydubai strengthens presence in Europe with four new destinations (WAM 28/05/2025)

UAE launches first ‘Finfluencer’ licence to regulate digital finance content (Arabian Business 28/05/2025)

DoE, Presight, AIQ to enhance AI solutions, digital transformation (WAM 27/05/2025)

TAQA Distribution, EMSTEEL to explore utilities framework, solutions for Abu Dhabi’s future-ready industrial sector (WAM 27/05/2025)

ADNOC Drilling secures $1.15b, 15-year contract for two jack-up rigs (WAM 27/05/2025)

UAE ranks first in telecom infrastructure, digital government framework, digital content (WAM 27/05/2025)

Enercap launches UAE-made advanced batteries, eyes European markets (WAM 27/05/2025)

UAE takes legal action against 30 domestic worker recruitment rulebreakers (Arabian Business 27/05/2025)

Does an accident on commute in the UAE count as a workplace injury for insurance? (Arabian Business 27/05/2025)

Emirates Post, Aramex to boost logistics coverage across UAE (Arabian Business 27/05/2025)

Middle East office fit-out costs rise as competition for labour intensifies (Arabian Business 27/05/2025)

MT Group has launches Phase 2 of its supply chain expansion in Abu Dhabi (Abu Dhabi Media Office 26/05/2025)

UAE FINANCE AND ECONOMY NEWS

DAE signs US$300m 3-year unsecured term loan (WAM 02/06/2025)

CBUAE imposes financial sanction on exchange house (WAM 02/06/2025)

ADNOC Gas joins MSCI Emerging Market Index (WAM 02/06/2025)

DoF launches 2026 Budget Cycle to enhance financial sustainability (Abu Dhabi Media Office 02/06/2025)

UAE economic outlook remains bullish despite global volatility (Khaleej Times 02/06/2025)

UAE fines exchange house $953,000 over rule violations (Arabian Business 02/06/2025)

GCC financial markets reach total capitalisation of approximately $4.2t (WAM 01/06/2025)

UAE banks spur GCC profit surge with $639.6m Q1 2025 growth (Khaleej Times 01/06/2025)

UAE stock exchange benchmarks extend winning streak in May (Khaleej Times 01/06/2025)

CBUAE imposes financial sanction of AED100m on exchange house (WAM 29/05/2025)

Sharjah Islamic Bank successfully prices $500m perpetual sukuk (WAM 29/05/2025)

UAE leads MENA M&A boom with 63 deals in Q1 2025 (WAM 28/05/2025)

Arthur D. Little survey of 24 UAE banks highlights omnichannel banking trends, opportunities (WAM 28/05/2025)

CBUAE imposes financial sanctions of AED18.1m on two branches of foreign banks (WAM 28/05/2025)

Comera Finance secures NBFC licence from CBUAE (Khaleej Times 28/05/2025)

72% survey respondents prefer mobile banking apps (Khaleej Times 28/05/2025)

Firms urged to start preparing for 2026 e-invoicing rollout (Khaleej Times 28/05/2025)

Etihad Credit Insurance achieves 15.7% growth with AED16.2b insured turnover (WAM 27/05/2025)

Abu Dhabi GDP expected to expand at 2.5% this year (Khaleej Times 27/05/2025)

‘Agentic AI’ takes over credit sanctions role as UAE banks make major strides in digital banking (Arabian Business 27/05/2025)

MERGER & AQUISITION NEWS

Mubadala, TAQA complete purchase of power plant in Uzbekistan (WAM 29/05/2025)

ADNOC Drilling to acquire 70% in SLB's land drilling rigs business in Kuwait, Oman (WAM 29/05/2025)

TAQA keen on ‘key’ US market as it explores acquisition opportunities (Arabian Business 28/05/2025)

GULFNAV acquires Brooge Energy in AED3.2b deal (Arabian Business 28/05/2025)

UAE BILATERAL TRADE NEWS

UAE participates in Eurasian Group’s Plenary Meeting on Anti-Money Laundering (WAM 02/06/2025)

Thai investments in Dubai reach $626m over five years (WAM 02/06/2025)

PCFC, Government of Ghana sign MoU to establish economic zone, digital incubator in Accra (WAM 02/06/2025)

Dubai International Chamber launches 36th international representative office in Bangkok (WAM 01/06/2025)

UAE and Serbia eye $351m trade relations as CEPA deal launches (Arabian Business 01/06/2025)

UAE, Lebanese Presidents discuss bilateral cooperation (WAM 31/05/2025)

Theyab bin Mohamed bin Zayed Receives Minister of Transport of Qatar (Abu Dhabi Media Office 31/05/2025)

Dubai Chamber of Commerce sees 216 new Filipino companies added in Q1 2025 (Arabian Business 31/05/2025)

UAE, Sweden discuss strengthening cooperation (WAM 30/05/2025)

UAE, Malaysia’s Perak State Development Corporation sign MoU to facilitate investments in food security (WAM 30/05/2025)

UAE supplies 45.5% of Japan’s oil imports in April (WAM 30/05/2025)

Dubai Chamber of Commerce organises 180 bilateral business meetings in Manila (WAM 29/05/2025)

UAE, France explore cooperation in hydrogen, nuclear energy (WAM 29/05/2025)

UAE delegation visits Japan to strengthen cooperation in advanced radiotherapy (WAM 29/05/2025)

Gridora, Abu Dhabi Projects and Infrastructure Centre to deliver transport infrastructure projects worth AED35b (WAM 29/05/2025)

UAE, EU continue talks on Comprehensive Economic Partnership Agreement (WAM 28/05/2025)

Dubai Chambers hosts roundtable to strengthen trade cooperation with EU (WAM 28/05/2025)

Sobha Realty eyes 3 Texas cities for major US expansion (Arabian Business 28/05/2025)

UAE President, Lebanese Prime Minister discuss bilateral relations (WAM 27/05/2025)

Abdullah bin Zayed, Austria's Foreign Minister discuss strategic bilateral relations (WAM 27/05/2025)

President of Paraguay, Nahyan bin Mubarak discuss prospects for joint cooperation (WAM 27/05/2025)

Dubai Chambers organises Dubai–Madagascar Business Forum (WAM 27/05/2025)

UAE economic delegation visits Côte d’Ivoire to strengthen cooperation (WAM 26/05/2025)

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Written by Jenny Hunt

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

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