UAE Weekly Business News 02/10/23

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

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UAE Weekly Business News, Issue 156. 02 October 2023.

UAE free zones news

• Dubai Silicon Oasis to host inaugural MENA EV Show 2023 (WAM 25/09/2023)

UAE employment, visa and Emiratisation news

• GPSSA to improve employment service termination decisions for insured Emiratis (WAM 02/10/2023)

• UAE workers face fines as unemployment insurance deadline passes (The National 01/10/2023)

• Renewed your Emirates ID? How to avoid suspension of Etisalat, du, Virgin mobile services (Khaleej times 28/09/2023)

• How residents are increasingly becoming eligible for Golden Visa (Khaleej times 28/09/2023)

• GWU, FCSC sign MoU to manage women’s data in UAE (WAM 27/09/2023)

• Top 10 start-ups to work for in the UAE and Saudi Arabia (The National 27/09/2023)

• UAE’s Rove Hotels aims to hire more than 1,500 staff amid regional tourism boom (The National 27/09/2023)

• UAE pension authority reports 25% rise in insured members (Arabian Business 27/09/2023)

• Over 5.7m employees subscribed to Unemployment Insurance Scheme: MoHRE (WAM 26/09/2023)

• Single GCC visa would boost tourism across region, says minister (The National 26/09/2023)

• UAE visa-free travel for GCC to be introduced ‘very soon’: Report (Arabian Business 26/09/2023)

• MoHRE outlines 10 ways an employee can be terminated (Arabian Business 26/09/2023)

• Nominations for 2nd ‘Nafis Award’ opens for establishments, individuals in private, banking sectors (WAM 25/09/2023)

• National Bonds, UAQ FTZA partner to empower UAE entities with pension solutions (WAM 25/09/2023)

UAE business and trade news

• ADIPEC kicks off to gather global energy leaders in Abu Dhabi (WAM 02/10/2023)

• Mohammed bin Rashid issues Law on Dubai’s emblem (WAM 02/10/2023)

• UAE Press: ADIPEC 2023 a task to fund the global energy transition (WAM 02/10/2023)

• Airport Show’s 23rd edition to open in Dubai in May 2024 (WAM 02/10/2023)

• DEWA commissions second unit in the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park (Government of Dubai Media Office 02/10/2023)

• Emirates and Shell Aviation sign agreement for SAF supply at airline’s Dubai hub (Government of Dubai Media Office 02/10/2023)

• Under the patronage of Khalid bin Zayed World Congress on Rehabilitation 2024 to take place in Abu Dhabi (Abu Dhabi Media Office 02/10/2023)

• What UAE entrepreneurs need to know to become a Future 100 start-up (The National 02/10/2023)

• Oil and gas industry key to solving energy challenges, Dr Al Jaber says (The National 02/10/2023)

• Abu Dhabi to offer 100 investment opportunities with market size of AED123b (Khaleej Times 02/10/2023)

• Dubai welcomes the ultimate K-beauty experience with the grand opening of 'K-Beauty On Dubai' (Khaleej Times 02/10/2023)

• UAE is ‘key’ market for Lamborghini, boasting the world’s largest dealership in Dubai (Arabian Business 02/10/2023)

• Dubai-based Operation: Falafel opens first dine-in store in Abu Dhabi (Arabian Business 02/10/2023)

• AB Majlis podcast: The difficulties of starting a business in the booming Dubai real estate industry (Arabian Business 02/10/2023)

• Dubai real estate: Al Barari tops luxury property investment locations with 400% surge in deals (Arabian Business 02/10/2023)

• NMDC Group to showcase decarbonisation, sustainability initiatives at ADIPEC 2023 (WAM 01/10/2023)

• Dubai Chamber of Digital Economy to host global tech and startup communities at Expand North Star (WAM 01/10/2023)

• UAE launches cyber awareness campaign on Cybersecurity Awareness Month (WAM 01/10/2023)

• Hamdan bin Mohammed meets with group of creatives in Dubai, directs implementation of their ideas to enhance city's landscape (WAM 01/10/2023)

• Hessa Street project to double traffic capacity on busy Dubai route (The National 01/10/2023)

• Dubai property: Office rents, occupancy levels to go up in near term (Khaleej Times 01/10/2023)

• UAE to Oman bus travel: New route begins October 1 at AED110 (Arabian Business 01/10/2023)

• Revealed: Abu Dhabi’s new Santorini-inspired luxury resort in UAE (Arabian Business 01/10/2023)

• Theme of World Green Economy Summit 2023 revealed (WAM 30/09/2023)

• MoIAT to showcase new investment opportunities and incentives for industrial competitiveness and sustainability at ADIPEC (WAM 30/09/2023)

• Apple stores in UAE among busiest worldwide, global retail chief says (The National 30/09/2023)

• ADAFSA to develop integrated strategy to reduce food loss & waste (WAM 29/09/2023)

• EAD launches its Auto Permit X71 Licensing Service, signs MoUs with Abu Dhabi Department of Economic Development (WAM 29/09/2023)

• Adipec 2023 explores energy transition ahead of Cop28 (The National 29/09/2023)

• Middle East air travel in 2023 close to pre-Covid levels (The National 29/09/2023)

• In his capacity as Ruler of Abu Dhabi, Mohamed bin Zayed issues law establishing Department of Government Enablement (WAM 28/09/2023)

• Applications open for 4th UAE edition of Academy for Women Entrepreneurs (WAM 28/09/2023)

• DCT Abu Dhabi, Erth Hospitality to launch Chef Alain Ducasse’s first culinary studio institute in region (WAM 28/09/2023)

• Dubai Land Department signs three memorandums of cooperation, empowering emirate’s real estate training environment (WAM 28/09/2023)

• UAE to host Gulf Academy for Strategic and Security Studies headquarters (WAM 28/09/2023)

• BRICS group poised to shape global economy, says Saqr Ghobash (WAM 28/09/2023)

• Regional Cybersecurity Week to launch in Abu Dhabi next month, featuring 70 countries (WAM 28/09/2023)

• Over 100 UK companies to showcase innovative solutions at ADIPEC 2023 (WAM 28/09/2023)

• 10 UAE private schools named among Middle East's top 15 (The National 28/09/2023)

• Sheikh Khaled reviews Adnoc's carbon strategy (The National 28/09/2023)

• The rise of luxury ride-hailing commuters (Khaleej Times 28/09/2023)

• UAE court grants $1m compensation to energy drink brand Power Horse (Arabian Business 28/09/2023)

• Dubai’s Emirates announces Premium Economy flight expansion to São Paulo, Tokyo Narita (Arabian Business 28/09/2023)

• AI’s potential as a tool to transform filmmaking discussed at 21st Arab Media Forum (WAM 27/09/2023)

• Anwar Gargash: UAE's foreign policy is built upon three pillars: stability, prosperity and principles (WAM 27/09/2023)

• Zayed Higher Organisation for People of Determination launches dairy production facility in Al Ain, embracing 'Made in UAE' slogan (WAM 27/09/2023)

• Abu Dhabi Executive Council issues Decision to establish Abu Dhabi Centre for Projects and Infrastructure (WAM 27/09/2023)

• DMI announces comprehensive development plan for its news, television and digital sectors (WAM 27/09/2023)

• Hamdan bin Mohammed approves new, transformational projects as part of third cycle of ‘Dubai 10X’ (WAM 27/09/2023)

• Thani Al Zeyoudi highlights future of global trade at ‘Climate Future Week’ (WAM 27/09/2023)

• CNN Academy Abu Dhabi opens with climate masterclass (WAM 27/09/2023)

• Over 80 companies, institutions join UAE’s Industrial Technology Transformation Index (WAM 27/09/2023)

• More than half of women in Mena rate investment knowledge as low, UBS says (The National 27/09/2023)

• Abu Dhabi to launch biobank for stem cell and tissue treatments (The National 27/09/2023)

• Dubai private hospital to pay AED2m for medical malpractice (The National 27/09/2023)

• Abu Dhabi University first in UAE to be ranked in global top 250 (The National 27/09/2023)

• UAE hoteliers upbeat on strong fourth quarter as Cop28 and New Year's Eve drive bookings (The National 27/09/2023)

• Dubai retains title as ‘world’s number one destination’ at TripAdvisor awards (Arabian Business 27/09/2023)

• Dubai real estate: New developer enters market with $100m investment (Arabian Business 27/09/2023)

• Dubai flying taxis to slash DXB Airport to Palm Jumeirah journey time to 6 minutes (Arabian Business 27/09/2023)

• DP World spent $6b to become comprehensive global supply chain player (WAM 26/09/2023)

• Khalifa University collaborates with Stanford University to inaugurate marine robotics lab (Abu Dhabi Media Office 26/09/2023)

• Department of Community Development launches 2nd Sports and Physical Activity Survey (Abu Dhabi Media Office 26/09/2023)

• Dubai passengers to ride in driverless taxis from December (The National 26/09/2023)

• UAE emerging preferred gateway for global brands to tap into the $1.5t MENA consumer spending market (Arabian Business 26/09/2023)

• Dubai real estate prices surge 52% YoY in August 2023 (Arabian Business 26/09/2023)

• Mining sector to contribute 5% to non-oil GDP by 2030 (WAM 25/09/2023)

• 8th World Investment Forum in Abu Dhabi to focus on women empowerment (WAM 25/09/2023)

• MoIAT introduces mandatory use of UAE Pass to streamline services (WAM 25/09/2023)

• ADNOC, TAQA reach financial close on sustainable water supply project (WAM 25/09/2023)

• Dubai to host Excellence in Oncology Care 6th-8th October (WAM 25/09/2023)

• In partnership with Department of Culture and Tourism – Abu Dhabi, Mubadala Foundation makes significant cultural initiatives investment (Abu Dhabi Media Office 25/09/2023)

• Rotana to open 30 new properties (Arabian Business 25/09/2023)

• Rove Hotels announces massive expansion plan across GCC with 10,000 rooms target in 5 years (Arabian Business 25/09/2023)

UAE financial news

• Abu Dhabi’s non-oil economy expands by 12.3% in Q2 2023 (WAM 02/10/2023)

• UAE banks outperform GCC peers as economy's growth boosts profits (The National 29/09/2023)

• CBUAE, Central Bank of Egypt enter into Bilateral Currency Swap Agreement (WAM 28/09/2023)

• Institutional investors invest AED8 billion in UAE stocks since start of 2023 (WAM 28/09/2023)

• UAE markets topped Arab stock exchanges last week: AMF (WAM 28/09/2023)

• ADX appoints BNY Mellon to enable dual listings from global markets (Arabian Business 28/09/2023)

• ADX partners with Sharjah Islamic Bank to provide instant access to IPOs (WAM 27/09/2023)

• Mena start-ups raise $643m in late-stage funding to outpace global figures (The National 27/09/2023)

• UAE, Saudi cash in on crypto activity as global market cools (Arabian Business 27/09/2023)

• Dubai Government reduces public debt by AED29b (WAM 26/09/2023)

• UAE economy to grow 3% in 2023; 4% in 2024: S&P (WAM 26/09/2023)

• Presight appoints QMM as liquidity provider to enhance trading on ADX (WAM 26/09/2023)

• UAE dirham likely to stay strong (Khaleej Times 26/09/2023)

• DFM gains AED3.7b, reaching its highest levels since mid-July 2015 (WAM 25/09/2023)

• Arab countries account for 60% of global Islamic financial industry: AMF (WAM 25/09/2023)

UAE mergers and acquisitions news

• Arcapita sells Waste Harmonics to TPG for over $650m (Khaleej Times 02/10/2023)

• UAE's EDGE acquires 50% stake in Brazil's SIATT (WAM 29/09/2023)

• Dubai Islamic Bank acquires 20% stake in Turkey's digital bank operator TOM (The National 29/09/2023)

• Abu Dhabi's IHC to sell FDI stake in Adani Group units (The National 28/09/2023)

• ADNIC acquires majority stake in Allianz Saudi Fransi for $133.1m (Arabian Business 28/09/2023)

• Lovin Dubai sales talks collapse as founder admits ‘challenges and hurdles’ (Arabian Business 28/09/2023)

• Abu Dhabi’s ADIA eyes $600m stake in Reliance Retail: Report (Arabian Business 27/09/2023)

• Alpha Dhabi acquires majority stake in Metito Holdings (WAM 25/09/2023)

UAE bilateral trade news

• ADJD delegation discovers missions of digital forensic research centre in Seoul (WAM 02/10/2023)

• 115 Italian exhibitors to showcase Italian leadership during ADIPEC 2023 (WAM 01/10/2023)

• Minister of Economy visits ‘Station F’ startup incubator, Airbus Innovation Center and First Abu Dhabi Bank in France (WAM 01/10/2023)

• Scottish companies set to showcase world-leading energy transition innovations at ADIPEC (WAM 01/10/2023)

• UAE Pavilion shares the country’s agricultural legacy at the upcoming International Horticultural Expo 2023 Doha (WAM 01/10/2023)

• British companies 'fail to capitalise on GCC opportunities' (The National 01/10/2023)

• (WAM 30/09/2023)

• Khaled bin Mohamed bin Zayed arrives in Albania on working visit (WAM 29/09/2023)

• Mariam Almheiri calls upon GCC’s ministers of agriculture to sign Emirates Declaration on Resilient foog systems, sustainable agriculture and climate action (WAM 29/09/2023)

• Khaled bin Mohamed bin Zayed meets Prime Minister of Albania (WAM 29/09/2023)

• Khaled bin Mohamed bin Zayed, President of Serbia, Prime Minister of Hungary visit development projects in Belgrade (WAM 29/09/2023)

• Khaled bin Mohamed bin Zayed discusses trilateral relations with President of Serbia and Prime Minister of Hungary (WAM 29/09/2023)

• UAE President confers First Class Medal of Independence on Ambassador of Hungary (WAM 29/09/2023)

• Khaled bin Mohamed bin Zayed, President of Serbia discuss bilateral relations (WAM 29/09/2023)

• GCC, Pakistan signs preliminary free trade agreement (WAM 29/09/2023)

• Minister of Economy meets with his French counterpart to promote economic relations & build partnership in new economic sectors(WAM 28/09/2023)

• UAE President receives President of Comoros (WAM 28/09/2023)

• Serbia unveils its first Smart Police Station, powered by UAE expertise (WAM 28/09/2023)

• Sarah Al Amiri leads UAE delegation to Singapore (WAM 28/09/2023)

• UAE and Thailand agree to enhance trade and investment cooperation (WAM 28/09/2023)

• UAE Cyber Security Council joins inaugural Jordan Cyber Security Summit 2023 (WAM 28/09/2023)

• UICCA concludes participation in Climate Week NYC (WAM 28/09/2023)

• UAE and Malaysia discuss strengthening economic and trade ties (WAM 28/09/2023)

• DEWA CEO, Colombian Ambassador discuss boosting cooperation (WAM 28/09/2023)

• Minister of Economy invites French companies to explore UAE's opportunities (WAM 28/09/2023)

• Masdar, PLN NP agree to triple size of ASEAN’s largest floating solar plant (WAM 28/09/2023)

• UAE and Philippines sign pact for Airbus A380 operations (The National 28/09/2023)

• Prime Minister of Netherlands visits Anwar Gargash Diplomatic Academy (WAM 27/09/2023)

• Korean-Emirati Academic and Cultural Festival held at Myongji University (WAM 27/09/2023)

• New Ro-Ro Vessel arrives at Shuwaikh Port following launch of Ro-Ro Shipping Service from Khalifa Port (WAM 27/09/2023)

• UAE, Philippines sign MoU to boost bilateral aviation ties (WAM 27/09/2023)

• e& joins WEF's EDISON Alliance to drive digital inclusion (WAM 27/09/2023)

• ADDED, MT Group partner to develop region's largest valve manufacturing facility (WAM 27/09/2023)

• AMEA Power reaches financial close on 120MW solar power plant in Tunisia (WAM 27/09/2023)

• UAE, Netherlands to collaborate on sustainability, energy transition, advanced technology (WAM 26/09/2023)

• UAE, China explore prospects for cooperation on labour and human resources development (WAM 26/09/2023)

• Dubai Media Council signs MoU with Egypt’s Supreme Council for Media Regulation to boost cooperation (WAM 26/09/2023)

• UAE President and Dutch Prime Minister discuss bilateral relations and international developments (WAM 26/09/2023)

• UAE Foreign Minister, Indian counterpart discuss comprehensive strategic partnership in New York (WAM 26/09/2023)

• Minister of Economy leads UAE delegation to France to develop economic partnerships (WAM 26/09/2023)

• India exports 75,000 tonnes of non-basmati rice to UAE (Arabian Business 26/09/2023)

• UAE and France look to boost $8.4b trade relationship (Arabian Business 26/09/2023)

• Ministry of Economy highlights UAE’s efforts in developing IP legislation in Cairo (WAM 25/09/2023)

Leading up to COP28 in the UAE

30th November-12th December 2023

• Khalifa University implements 30 initiatives to support Abu Dhabi’s sustainability efforts (WAM 02/10/2023)

• President of Paraguay receives UAE Foreign Minister to discuss climate action (WAM 02/10/2023)

• UAE Ambassador to India brings together key stakeholders to build collaboration for climate action ahead of COP28 (Arabian Business 02/10/2023)

• COP28 President-Designate calls on energy and hard-to-abate industries to work together to drive decarbonisation (WAM 01/10/2023)

• President of Guyana receives Abdullah bin Zayed for discussions on bilateral cooperation, climate action under COP28 (WAM 01/10/2023)

• Abdullah bin Zayed, Barbados Prime Minister discuss joint cooperation, climate action (WAM 30/09/2023)

• Dr Sultan Al Jaber says 'North Star' of Cop28 will be 1.5°C goal (The National 30/09/2023)

• UAE Embassy in Brazil hosts 'Arab Emirates COP28 RUN' (WAM 29/09/2023)

• Expo City Dubai to celebrate Emirati heritage with Cop28 makeover (The National 29/09/2023)

• Mariam Almheiri urges UAE businesses to mainstream sustainability as a pathway for unlocking inclusive climate solutions (WAM 28/09/2023)

• Thailand envoy to UAE says ‘hard work’ needed to curb climate change (The National 28/09/2023)

• Media should take a more proactive role in addressing climate change (WAM 27/09/2023)

• COP28 Presidency announces measures to strengthen indigenous peoples participation and inclusion (WAM 27/09/2023)

• COP28 President-Designate calls for robust response to global stocktake to get ‘back on track’ to Paris (WAM 27/09/2023)

• Dutch PM pledges to work with UAE to deliver results at Cop28 (The National 27/09/2023)

• COP28 President-Designate highlights Japan’s role in energy transition during Tokyo GX Week (WAM 26/09/2023)

• COP28 Presidency hosts Youth Ambition Majlis in New York (WAM 26/09/2023)

• UAE plays leading role in climate change agenda of aviation sector (WAM 25/09/2023)

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Written by Jenny Hunt

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

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