UAE Weekly Business News 03/06/2024
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UAE Weekly Business News: Issue 191 published 3rd June 2024.
UAE FREE ZONE NEWS
ADGM publishes Consultation Paper on comprehensive revamp of real property regulations (WAM 31/05/2024)
ADGM successfully concludes roadshows in European region (WAM 29/05/2024)
Easier visa process, tax exemption for One Za'abeel firms as free zone expands (Khaleej Times 29/05/2024)
One Za’abeel joins Dubai World Trade Centre Authority Free Zone (Arabian Business 29/05/2024)
Dubai Industrial City launches 13.9 million sq.ft. expansion to strengthen UAE manufacturing sector (WAM 28/05/2024)
KEZAD Group signs lease agreement with Ducab Metals Business for expanding its metals facility in Abu Dhabi (WAM 27/05/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Indians told to get machine-readable passports (Khaleej Times 03/06/2024)
How can we address stress faced by cybersecurity professionals? (Khaleej Times 03/06/2024)
DGHR reviews capacity of key projects to improve workforce efficiency in Dubai (Government of Dubai Media Office 02/06/2024)
How to collect end-of-service benefits after leaving the Emirates (Khaleej Times 02/06/2024)
UAE travel ban cancellation: How to do it online in 5 steps (Khaleej Times 02/06/2024)
UAE transit visa: How to apply for 48-hour or 96-hour permit during stopover (Khaleej Times 01/06/2024)
GCC leader says unified tourist visa plan has made significant headway (Arabian Business 01/06/2024)
MoHRE implements Midday Break from June 15 to September 15 (WAM 31/05/2024)
Etihad to hire 1,000 cabin crew by the end of the year (The National 31/05/2024)
Entrepreneur vs employee: As half of workers in the Middle East consider setting up own business, survey reveals challenges for startups (Arabian Business 31/05/2024)
Etihad announces plan to recruit over 2,000 cabin crew this year (Arabian Business 31/05/2024)
UAE visit visa: Dubai travellers to carry AED3,000 cash, return flight ticket, proof of accommodation (Arabian Business 30/05/2024)
UAE announces notice period rules: how long do you need to work, are bosses able to withhold salary, can you take leave and more questions answered (Arabian Business 30/05/2024)
ZHO, Burjeel Holdings sign MoU to integrate People of Determination into job market (WAM 29/05/2024)
UAE residence visa: 4 health centres to stop medical fitness test services (Khaleej Times 29/05/2024)
Dubai Media Council launches Emirati Media Talent Pledge in partnership with private sector to nurture national competencies (WAM 28/05/2024)
Expo City Dubai’s free zone expands initiatives to attract sustainable, innovative enterprises (WAM 28/05/2024)
UAE pre-approved visa on arrival for Indian passport holders: All you need to know (Arabian Business 28/05/2024)
Over half of women in UAE feel ‘pressured’ to quit job over pregnancy: survey (Arabian Business 28/05/2024)
UAE jobs: Should you ask for a pay rise? Experts weigh in (Arabian Business 28/05/2024)
UAE BUSINESS NEWS
Emirates boss says record UAE rain cost airline $110m (The National 03/06/2024)
New venture to create cost-efficient healthcare solutions in MENA (Khaleej Times 03/06/2024)
Eid Al Adha 2024 in the UAE: Expected dates, how to get 9 days off, holiday tips, visa-free countries (Arabian Business 03/06/2024)
Dubai Commercial and Logistics Land Transport Strategy 2030 to contribute AED16.8b to emirate’s economy (WAM 02/06/2024)
Dubai Supreme Council of Energy reviews Green Mobility Strategy in Dubai’s public transport sector (WAM 02/06/2024)
RTA unveils Commercial and Logistics Land Transport Strategy 2030 (Government of Dubai Media Office 02/06/2024)
UAE gets Opec+ nod to raise output next year (Khaleej Times 02/06/2024)
Second generation leads 62% of Middle East family offices (Khaleej Times 02/06/2024)
What prompts British expats to relocate to UAE? (Khaleej Times 02/06/2024)
Three Dubai developers fined AED500,000 each for violating real estate law (Khaleej Times 02/06/2024)
Redefining luxury interior design in Dubai (Khaleej Times 02/06/2024)
UAE climbs 7 places globally in WEF’s tourism index (Khaleej Times 02/06/2024)
Dubai real estate sector sees $4.3b of transactions this week (Arabian Business 03/06/2024)
Airlines gather in Dubai to tackle climate goals, supply woes and war (The National 01/06/2024)
Eight out of 10 UAE students 'spend more than seven hours a day online' (The National 01/06/2024)
Flydubai celebrates 15th anniversary: 100m passengers, 125 destinations, 87 aircraft (Khaleej Times 01/06/2024)
ADNOC awards 3% interest in SARB, Umm Lulu concession to SOCAR (WAM 31/05/2024)
ADSCC becomes UAE's first healthcare institution to receive FACT accreditation for cellular therapy (WAM 31/05/2024)
Registration open for Dubai Programme for Health Specialisations (WAM 31/05/2024)
Etihad Airways, Beijing Daxing International Airport to strengthen strategic cooperation (WAM 31/05/2024)
Aviation leaders assemble in Dubai for IATA’s 80th AGM (WAM 31/05/2024)
Ministry of Defence signs MoU with EDCC on defence media content (WAM 31/05/2024)
WWT and NXT Global collaborate to build UAE's first AI Integration Centre in Abu Dhabi (WAM 31/05/2024)
National Health Insurance Company – Daman reveals key updates to Basic Health Insurance Plan (Abu Dhabi Media Office 31/05/2021)
Dubai real estate: Highest rental yields by area revealed (Arabian Business 31/05/2021)
Lucid announces UAE expansion with Dubai showroom, EV prices start at $84,000 (Arabian Business 31/05/2021)
UAE’s GDP rises 3.6%, secures 5th largest economy position in real GDP growth index globally (WAM 30/05/2024)
TA’ZIZ signs land reservation agreements with UAE, International companies for light industrial area (WAM 30/05/2024)
ADIO collaborates with Khazna to boost Abu Dhabi’s data economy (WAM 30/05/2024)
Waste Management Licensing Services transferred to Environment Agency – Abu Dhabi from Tadweer (WAM 30/05/2024)
Jewels of Emirates Show 2024 records highest turnout with over 144 exhibitors and 500 brands (WAM 30/05/2024)
Medical conferences on combating genetic diseases conclude in Dubai (WAM 30/05/2024)
Litigation periods at 33 days in courts of first instance, 32 days for courts of appeal during Q1: ADJD (WAM 30/05/2024)
Mohamed bin Zayed University for Artificial Intelligence launches large language model 'K2-65B' (WAM 30/05/2024)
GCAA signs strategic partnership with ICAO to empower 'Next Generation of Aviation Professionals' (WAM 30/05/2024)
Mohammed Bin Rashid Innovation Fund, AzurX forge strategic partnership to propel innovation in space sector (WAM 30/05/2024)
Abu Dhabi Investment Office collaborates with Khazna to build advanced data centre under Musataha programme (Abu Dhabi Media Office 30/05/2024)
Abu Dhabi opens massive new $1.3b shopping complex Reem Mall (Arabian Business 30/05/2021)
Dubai South announces new GEMS Education school (Arabian Business 30/05/2021)
Dubai real estate: Luxury dominance under threat as mid-market booms, experts say (Arabian Business 30/05/2021)
GCC tops Dubai Chamber of Commerce $20b export list (Arabian Business 30/05/2021)
Dubai Press Club launches ‘Arab Podcast Programme’ (WAM 29/05/2024)
UAE Pro League board lauds 14 clubs for AFC licencing achievement and improved continental ranking (WAM 29/05/2024)
UAE Space Agency, EDCC sign MoU to foster collaboration in aerospace, defence industry (WAM 29/05/2024)
EtihadWE announces details of its revised incentive scheme to propel industrial, technology sector growth in Northern Emirates (WAM 29/05/2024)
Third Make it in the Emirates Forum facilitates five strategic announcements, signing of 82 agreements (WAM 29/05/2024)
Ministry of Energy and Infrastructure, Technology Innovation Institute to build 3D maps of UAE’s mineral, renewable resources (WAM 29/05/2024)
UAE-made AI models 'putting Middle East on global tech map' (The National 29/05/2024)
Why 'made in the UAE' is about more than business (The National 29/05/2024)
Dubai set to dominate global sports industry’s Web3 transition as football legends, major clubs back blockchain tech, NFTs (Arabian Business 29/05/2024)
UAE announces 2025 public holidays (Arabian Business 29/05/2024)
World’s Best Airlines 2024 revealed: Emirates and Etihad in top 10 (Arabian Business 29/05/2024)
MoIAT launches Transform 4.0 at MIITE Forum (WAM 28/05/2024)
Made in the Emirates mark awarded to 1,330 UAE-made products (WAM 28/05/2024)
GCC Secretary-General: UAE playing significant role in enriching Gulf media landscape (WAM 28/05/2024)
Nine new local suppliers join 'Go to UAE’ initiative (WAM 28/05/2024)
UAE’s AI office, Google host AI Majlis to explore future prospects for healthcare sector (WAM 28/05/2024)
Abu Dhabi Exports Office showcases financial solutions at 'Make it in the Emirates Forum' (WAM 28/05/2024)
TA’ZIZ awards construction contract for low-carbon ammonia plant (WAM 28/05/2024)
(WAM 28/05/2024)
Demand for building materials expected to rise amid UAE construction boom (The National 28/05/2024)
Singapore payments firm plans expansion from Dubai hub (Khaleej Times 28/05/2024)
Five Guys announces opening of largest outlet at Dubai International Airport (Arabian Business 28/05/2021)
Dubai Festival Authority partners with talabat for multi-year deal (Arabian Business 28/05/2021)
Middle East needs $4.3b spend on mental health services, UAE and Saudi face ‘urgent’ need for psychiatric beds: report (Arabian Business 28/05/2021)
UAE real estate: Dubai and Abu Dhabi see retail and industrial rent increases in Q1 (Arabian Business 28/05/2021)
Dubai billionaire migration: Footballers, rappers, royalty flocking to UAE trigger new breed of luxury services as ‘fashion sourcers’ enter market (Arabian Business 28/05/2021)
Dubai slashes journey times with road improvements on major roads (Arabian Business 28/05/2021)
ADNOC boosts local manufacturing target to AED90b by 2030 (WAM 27/05/2024)
Leading automakers make some big announcements (Khaleej Times 27/05/2024)
ADNOC to boost UAE manufacturing to $24.5b by 2030 (Arabian Business 27/05/2021)
GCC healthcare spend tipped to hit $124b by 2028 (Arabian Business 27/05/2021)
UAE FINANCIAL NEWS
UAE corporate tax: Free zone persons’ guide unlocks excluded activities (Khaleej Times 02/06/2024)
UAE introduces new payment plan for medical bills in easy instalments (Khaleej Times 02/06/2024)
ADX General Index sees its largest daily rise in five months (WAM 31/05/2024)
Alef Education increases number of shares allocated to First Tranche in its Initial Public Offering (WAM 31/05/2024)
Money at risk: Most rich UAE expats not equipped to handle inheritance, tax, succession planning, expert says (Arabian Business 31/05/2024)
Credit Sentiment Survey of CBUAE indicates increase in demand for commercial loans in all economic sectors (WAM 30/05/2024)
National Bonds records 153% increase in savings, investments in Al Ain over 5 months (WAM 30/05/2024)
UAE's non-oil output will remain robust, continue to support economic growth in 2024: World Bank (WAM 30/05/2024)
Venture debt in MENA reaches all-time high in 2023 with 262% jump in growth: Report (Arabian Business 30/05/2024)
Abu Dhabi’s Eshraq unveils new investment strategy (WAM 29/05/2024)
Dubai’s ICD records ‘best-ever’ financial year with over AED60b net profit in 2023 (Arabian Business 29/05/2024)
EDB commits AED5b to propel UAE’s manufacturing sector during Make it in the Emirates Forum (WAM 28/05/2024)
Middle East leads global real-time payments growth for second consecutive year: Report (Arabian Business 28/05/2024)
MoIAT partners with Emirates Development Bank to launch AED370m of financing for AI (WAM 27/05/2024)
Dubai IPO boom expected with privatisation, family business listings and tech start-ups; 110,000 HNWIs grow investment pool (Arabian Business 27/05/2024)
UAE BILATERAL TRADE NEWS
United Arab Emirates, People's Republic of China issue joint statement on state visit of President of UAE to PRC (WAM 02/06/2024)
Abdullah bin Zayed, Singapore's FM discuss cooperation (WAM 01/06/2024)
UAE non-oil trade with China to hit $200b (Arabian Business 01/06/2024)
ADAFSA, FAO launch Integrated Biosecurity Index (WAM 31/05/2024)
UAE-Chinese relations long-standing, robust (WAM 31/05/2024)
UAE participates in Eurasian Group Plenary on Combating Money Laundering and Financing of Terrorism (WAM 31/05/2024)
Presight to propel digital transformation in Gambia (WAM 31/05/2024)
UAE-China Business and Investment Forum explores prospects for boosting trade, investment partnership (WAM 31/05/2024)
Gambia selects UAE’s Presight for its digital transformation journey (Arabian Business 31/05/2024)
Presidents of UAE and China witness exchange of MoUs, agreements (WAM 30/05/2024)
UAE, Qatar sign double taxation avoidance agreement (WAM 30/05/2024)
Ali Al Nuaimi meets with Australian Ambassador to UAE (WAM 30/05/2024)
DMCC projects AI to add $15 trillion to global economy at Future of Trade event in Singapore (WAM 30/05/2024)
AD Ports Group, Economic Development Board of Madagascar sign MoU to explore development of ports, maritime, logistics (WAM 30/05/2024)
UAE, China: Four decades of strategic partnership, collaboration (WAM 29/05/2024)
UAE ministers and officials praise comprehensive economic partnership agreement between UAE and Republic of Korea (WAM 29/05/2024)
UAE and Korean Presidents witness signing of Comprehensive Economic Partnership Agreement (WAM 29/05/2024)
Presidents of UAE and Republic of Korea discuss opportunities to strengthen Special Strategic Partnership in Seoul(WAM 29/05/2024)
ADFD finances projects in 42 African countries worth AED35.3b (WAM 29/05/2024)
Yahsat partners with SATCOM Technologies to deliver advanced satellite communications solutions in Zimbabwe (WAM 29/05/2024)
Dubai Chamber of Commerce launches Kazakhstan Business Council to support growth of trade and intra-regional investments (WAM 29/05/2024)
Dubai International Chamber to strengthen business partnerships in Senegal and Morocco (WAM 29/05/2024)
UAE participates in Gulf Radio and Television Festival in Bahrain (WAM 28/05/2024)
UAE-Korea Business and Investment Forum in Seoul strengthens bilateral trade, investment ties (WAM 28/05/2024)
AD Ports-led consortium to develop green methanol plant in Egypt (The National 28/05/2024)
UAE and Korea look to boost $5.3b trade ties (Arabian Business 28/05/2024)
UAE President receives phone call from Italian Prime Minister (WAM 27/05/2024)
UAE Accountability Authority, Malaysian National Audit Department discuss enhancing cooperation (WAM 27/05/2024)
EDGE Entity LAHAB signs agreements with Indonesia's PT Pindad (WAM 27/05/2024)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East