UAE Weekly Business News 04/09/23

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

Welcome to Gateway Group's weekly collection of business highlights from Abu Dhabi and Dubai. It's the ideal way of staying informed about crucial UAE business news, conveniently in one place.

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UAE Weekly Business News, Issue 152. 4th September 2023.

UAE free zones news

• DIFC announces proposed amendments to select legislation (WAM 31/08/2023)

• ADGM’s Registration Authority fines KPMG Lower Gulf Limited for audit failings (WAM 31/08/2023)

• TDeFi to offer $100,000 to selected Web3 startups as part of accelerator at dmcc crypto centre (WAM 31/08/2023)

• RAKEZ boosts customer experience through value-added services (WAM 30/08/2023)

• Shams signs MoU with South Korean MBC (WAM 30/08/2023)

• DIFC: Spanish finance giant Alantra opens Dubai office (Arabian Business 30/08/2023)

• Dubai CommerCity unveils 'Logi-Flow' to empower small and medium businesses in realm of digital commerce (WAM 29/08/2023)

UAE employment, visa and Emiratisation news

• Can woman sponsored by husband work without changing visa status? (Khaleej Times 03/09/2023)

• Choithrams launches all-women operated store (Khaleej Times 01/09/2023)

• Which digital marketing jobs are in demand in the UAE? (The National 31/08/2023)

• UPS fires Dubai staff, shuts down ISMEA region HQ (Arabian Business 31/08/2023)

• 565 companies involved in ‘fake Emiratisation’ cases, over 17,000 private establishments hire Emiratis (WAM 30/08/2023)

• More than 500 UAE companies fined over Emiratisation rules (The National 30/08/2023)

• Abu Dhabi Businesswomen Council, Flat6Labs launch boot camp to upskill female entrepreneurs (WAM 30/08/2023)

• UAE firms face $27,200 fine over fake Emiratisation (Arabian Business 30/08/2023)

• UAE visit visa: Types, cost, process explained (Arabian Business 30/08/2023)

• Dubai Chamber of Digital Economy launches Emirati Training Academy to empower digital talent (WAM 29/08/2023)

• Emirates Institute of Finance launches cohort 2 of 'Ethraa' Emiratisation programme (WAM 29/08/2023)

• MoHRE commends establishments’ deep commitment to Midday Break (WAM 29/08/2023)

• New teachers already see longer-term future in the UAE (The National 29/08/2023)

• UAE announces 59 Midday Break violations amid afternoon inspections (Arabian Business 29/08/2023)

• Amazon UAE launches development programme for Emiratis (Arabian Business 29/08/2023)

• UAE long-term employee benefit plans to create $100b investment opportunity (Arabian Business 29/08/2023)

• 2nd Emirati Women Achievers campaign honours 23 outstanding Emirati women (WAM 28/08/2023)

• Who can travel to UAE without visa? (Khaleej Times 28/08/2023)

• How multiple visa options are making it easier for tourists to come back for more (Khaleej Times 28/08/2023)

UAE business and trade news

• Global Village achieves consecutive international recognition for outstanding health and safety standards (Government of Dubai Media Office 04/09/2023)

• India’s IndiGo connects North Goa with Abu Dhabi with triweekly flight services (Arabian Business 04/09/2023)

• UAE Astronaut Programme: A track record of scientific discovery (WAM 03/09/2023)

• Sultan AlNeyadi sets historic milestone as he completes longest space mission in Arab history (WAM 03/09/2023)

• Sultan AlNeyadi conducts over 200 advanced research experiments on board ISS (WAM 03/09/2023)

• Dubai real estate to see double-digit returns, says Damac chairman (Khaleej Times 03/09/2023)

• UAE announces national lottery and commercial gaming authority (Arabian Business 03/09/2023)

• DEWA commissioned seven new 132kV transmission substations in H1 2023 (WAM 02/09/2023)

• Environment Agency Abu Dhabi completes first-of-its-kind acoustic survey of UAE waters (WAM 02/09/2023)

• DubaiDestinations 2023 summer campaign draws to a close with unprecedented engagement (WAM 02/09/2023)

• Dubai to host 'World Summit for Clinical Chemistry and Laboratory Medicine 2024' (Government of Dubai Media Office 02/09/2023)

• New luxury mall opened in Dubai (Arabian Business 02/09/2023)

• Marriott announces W Al Marjan Island hotel to open in 2027 (Arabian Business 02/09/2023)

• $6.7b of Dubai real estate transactions this week (Arabian Business 02/09/2023)

• ADNEC Group launches charter flights to Europe, Central Asia to attract tourists to Abu Dhabi (WAM 01/09/2023)

• Dubai rents only going up, ‘bad news’ for tenants as UAE population booms (Arabian Business 01/09/2023)

• Abu Dhabi International Airport to welcome travellers to new terminal starting November 2023 (WAM 31/08/2023)

• Etisalat by e& attains TM Forum's silver certification for Open API conformance (WAM 31/08/2023)

• dnata cuts CO2 emissions by 80 tonnes per year with Biofuel switch in UAE (WAM 31/08/2023)

• Etihad Cargo boosts belly hold cargo capacity with expanded winter schedule (WAM 31/08/2023)

• flydubai launches flights to Mombasa, Kenya (WAM 31/08/2023)

• Gas Safety Committee ensures emirate-wide LPG system safety with three new circulars (WAM 31/08/2023)

• Abu Dhabi Judiciary issues 3,621 multilingual judgements in two years (WAM 31/08/2023)

• UAE Press: Middle East's digital economy boom will stretch far beyond the Gulf (WAM 31/08/2023)

• Energy transition 'will boost long-term aluminium demand' (The National 31/08/2023)

• Medical Tourism: From Luxury Hues to Surgery Suites (Khaleej Times 31/08/2023)

• UAE hikes fuel prices for 3rd month in a row; here's why (Khaleej Times 31/08/2023)

• Dubai unveils new-look abra stations (Arabian Business 31/08/2023)

• Dubai Municipality launches online portal to provide easy access to land, property data (WAM 30/08/2023)

• DEWA’s R&D Centre files new patent for innovative method to improve battery performance (WAM 30/08/2023)

• UAE's non-oil foreign trade benefits from visionary leadership's strategic approach: Thani Al Zeyoudi (WAM 30/08/2023)

• Emirates achieves IATA Environmental Assessment Certification (WAM 30/08/2023)

• NCM launches campaign to investigate performance of different cloud seeding materials (WAM 30/08/2023)

• Abu Dhabi wins bid to host 63rd International Congress and Convention Association Congress (Abu Dhabi Media Office 30/08/2023)

• Department of Health - Abu Dhabi expands partnerships to support development of life sciences sector in the emirate (Abu Dhabi Media Office 30/08/2023)

• Emirates Palace, the hotel that introduced Abu Dhabi to the world (The National 30/08/2023)

• King’s College Hospital Dubai: Leading the way in complex liver cancer treatment (Khaleej Times 30/08/2023)

• UAE races to become major player in the global fashion scene (Arabian Business 30/08/2023)

• 950MW 4th phase of Mohammed bin Rashid Al Maktoum Solar Park to provide clean energy for 320,000 residences, reduce carbon emissions by 1.6m tonnes annually (WAM 29/08/2023)

• etisalat by e& completes groundbreaking 5G-advanced network speed trials (WAM 29/08/2023)

• Five new private schools begin operating in Dubai in the 2023-24 academic year (WAM 29/08/2023)

• DCT Abu Dhabi extends holiday homes permits to include farmhouses (WAM 29/08/2023)

• MoHAP to develop comprehensive women's health policy (WAM 29/08/2023)

• Q Properties awards a AED1.7b construction tender for Reem Hills Phase 1 villas (WAM 29/08/2023)

• MBZUAI continues research efforts to advance artificial intelligence as global force for humanity (WAM 29/08/2023)

• ADU ranks as 13th top university globally in ‘Times Higher Education Rankings’ 2023 (WAM 29/08/2023)

• Securing global supply key to digital economy growth, UAE minister says (The National 29/08/2023)

• UAE in top 10 most powerful passports for investment opportunity (The National 29/08/2023)

• UAE inflation eases as transportation cost falls (Khaleej Times 29/08/2023)

• The vital role of community management in real estate (Khaleej Times 29/08/2023)

• Dubai Airports to receive record 88m passengers in 2024 (Khaleej Times 29/08/2023)

• Middle East leads global tourism pandemic recovery (Arabian Business 29/08/2023)

• McDonald’s builds ‘restaurant of the future’ in UAE (Arabian Business 29/08/2023)

• Dubai real estate ‘attractive’ and ‘speculative bubbles’ preventable (Arabian Business 29/08/2023)

• Athleisure dominates Dubai fashion scene with homegrown retailers moving to cash in (Arabian Business 29/08/2023)

• Abu Dhabi Customs completes staff accommodation project in Al Ghuwaifat worth AED46.5m (WAM 28/08/2023)

• Emirati Women pioneering the nuclear sector in the UAE (WAM 28/08/2023)

• Dubai Chamber of Commerce showcases benefits of ‘Business Sectors Platform’ for business (WAM 28/08/2023)

• Brics membership to boost UAE's trade ties with Global South, Minister of Economy says (The National 28/08/2023)

• Defying global trends Dubai's office market thrives in Q2 (Khaleej Times 28/08/2023)

• Dubai, Abu Dhabi real estate surges as global millionaires flock to UAE property market (Arabian Business 28/08/2023)

• Innoventures Education schools report 16% increase in enrolments (Arabian Business 28/08/2023)

UAE financial news

• Dubai's Alkhair Capital launches $100m fund for HealthTech investments (The National 04/09/2023)

• UAE equities buck global downtrend in August (Khaleej Times 04/09/2023)

• UAE corporate tax: Small businesses can opt for tax relief and submit simplified tax return (Khaleej Times 03/09/2023)

• UAE and Saudi lead $43.8b M&A activity (Khaleej Times 02/09/2023)

• Over 2.5m deals worth AED136.4b conducted on DFM in eight months (WAM 01/09/2023)

• Over 34,800 new investor accounts established on DFM over 8-month period (WAM 01/09/2023)

• UAE ultra-rich, family offices to contribute $500b to economy by 2026 (Arabian Business 01/09/2023)

• UAE economy expected to grow by 3.5% in 2023, 3.9% in 2024: UBS (WAM 31/08/2023)

• National banks give AED745.6b in credit facilities to business in H1 2023 (WAM 31/08/2023)

• EGA announces net profit of AED2.0b for H1 2023 (WAM 31/08/2023)

• UAE leads first-half Mena M&A deal activity driven by sovereign funds (The National 31/08/2023)

• UAE 'on course' to reach $1tn non-oil trade target by 2031 (The National 31/08/2023)

• Banking sector fintec major Zafin eyes $5b market with early AI product launch in Middle East (Arabian Business 31/08/2023)

• ADX launches Investment Outlook Report (WAM 30/08/2023)

• UAE non-oil foreign trade hits all-time high of AED1.2t in H1 2023 (WAM 30/08/2023)

• G42’s Inception releases Arabic language open-source Al model 'Jais' (WAM 30/08/2023)

• Emaar Properties considers higher shareholder dividends, no plans to float noon: Alabbar (WAM 30/08/2023)

• Region records strongest post-Covid tourism rebound globally, HSBC says (The National 30/08/2023)

• Middle East's digital economy to hit $780b by 2030 and outpace global growth (The National 30/08/2023)

• Dubai's Qarar and Biz2X to create Saudi Arabia's biggest SME lending platform (The National 29/08/2023)

• GCC's asset management market to hit $500bn in onshore assets by 2026 (The National 29/08/2023)

• Pioneering women shaping the future of finance in the UAE (WAM 28/08/2023)

UAE mergers and acquisitions news

• DP World acquires 58% equity stake in Türkiye's Evyap Port (WAM 29/08/2023)

• PureHealth acquires UK’s largest private healthcare group for AED4.4b (WAM 28/08/2023)

• e& capital invests in Ikigai Labs to bring generative AI for tabular data to all enterprises in MENA (WAM 28/08/2023)

UAE bilateral trade news

• UAE, Brazil launch partnership to exchange knowledge, expertise in economy (WAM 03/09/2023)

• Abdullah bin Zayed and Deputy Prime Minister of Albania discuss prospects for bilateral cooperation (WAM 03/09/2023)

• The UAE and Singapore: countries with much in common (The National 02/09/2023)

• ‘UAE Hall’ inaugurated at Moscow Government Institute of International Relations (WAM 01/09/2023)

• UAE, New Zealand enter preliminary discussions on CEPA (WAM 01/09/2023)

• Ministry of Education signs MoU with Council of Higher Education in Türkiye (WAM 01/09/2023)

• Historic CEPA to add new vigour to Vietnam-UAE ties (WAM 01/09/2023)

• Jet Airways revival: UAE’s Murari Lal Jalan pays India banks $12m as takeover nears (Arabian Business 01/09/2023)

• US denies blocking export of microchips to Middle East nations (Arabian Business 01/09/2023)

• UAE-Vietnam trade deal expected in 2023 (Arabian Business 01/09/2023)

• UAE, Palau sign initial air services agreement in principle (WAM 31/08/2023)

• UAE’s CEPAs with Türkiye and Indonesia come into force (WAM 31/08/2023)

• Mohamed Al Hussaini explores collaboration in financial services with UK Trade Envoy to UAE (WAM 30/08/2023)

• UAE participates in meeting of Arab Economic and Social Council’s Economic Committee in Cairo (WAM 28/08/2023)

• Why the India-UAE deal to trade in local currencies matters (The National 28/08/2023)

• Tabreed named preferred bidder for district cooling project in India (The National 28/08/2023)

Leading up to COP28 in the UAE

30th November-12th December 2023

• COP28 provides a fresh opportunity to unite global efforts to reduce carbon emissions (WAM 03/09/2023)

• Climate startups to share Cop28 stage (The National 03/09/2023)

• COP28: Dates, meaning, daily schedule, venue, everything you need to know (Arabian Business 31/08/2023)

• COP28 Presidency urges adaptation efforts at Korea Global Adaptation Week (WAM 30/08/2023)

• UAE highlights vital role culture can play in accelerating climate action (WAM 30/08/2023)

• Under patronage of Sheikha Fatima, GWU, COP28 organise session on ‘Emirati women and sustainable environment' (WAM 29/08/2023)

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Written by Jenny Hunt

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

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