UAE Weekly Business News 05/05/2025

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UAE Weekly Business News: Issue 237 published 05 May 2025.

UAE FREE ZONE NEWS

AED313m expansion of RIT Dubai Campus at Dubai Silicon Oasis gets approval (WAM 05/05/2025)

DMCC unveils new SPV and Holding Company Licenses (Government of Dubai Media Office 05/05/2025)

SRTIP forges landmark healthcare R&D partnerships to boost Sharjah's innovation economy  (WAM 04/05/2025)

TECOM Group’s Q1 2025 net profit rises by 23% (WAM 02/05/2025)

RAKEZ leadership visits China to boost bilateral business ties (WAM 01/05/2025)

Dubai South records 15% growth in business aviation movements in Q1 2025 (WAM 30/04/2025)

Circle secures in-principle approval from ADGM’s FSRA (Arabian Business 30/04/2025)

Gate Group secures Dubai VARA license (Arabian Business 30/04/2025)

DIFC announces 35% leap in insurance business during Dubai World Insurance Congress (WAM 28/04/2025)

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

MOFA permits UAE nationals to travel to Lebanon from May 7, 2025 (WAM 05/05/2025)

UAE’s non-oil sector hiring grows fastest in 11 months  (Khaleej Times 05/05/2025)

UAE job market sees shifts in hiring strategies (Arabian Business 05/05/2025)

Dubai jobs: Emirates to hire over 1,500 new pilots in next two years (Khaleej Times 01/05/2025)

UAE tops GCC in women’s board representation (WAM 29/04/2025)

UAE BUSINESS NEWS

ADNOC Drilling awarded $806m long-term contract for three newbuild island rigs (WAM 05/05/2025)

e&, Digicel Group to enhance international voice services across Americas (WAM 05/05/2025)

Dubai retains top global position for attracting Greenfield FDI Projects in cultural, creative industries in 2024 (WAM 05/05/2025)

RTA Grants Naming Rights of Metro Station to Life Pharmacy under 10-year agreement (Government of Dubai Media Office 05/05/2025)

Dubai secures 5th ranking in first-of-its-kind Tier-1 City Index (Khaleej Times 05/05/2025)

Dubai rents to stay stable amid population growth, new visa policies, says top executive (Khaleej Times 05/05/2025)

Dubai: Is it legal to co-own property with my friend? (Khaleej Times 05/05/2025)

Yango launches Dubai robot food delivery in Expo City (Arabian Business 05/05/2025)

Dubai Launches Family Business Guidebook (Government of Dubai Media Office 04/05/2025)

UAE carriers lead aviation boom as Middle East emerges as global hub (Khaleej Times 04/05/2025)

Dubai real estate transactions hit $12.6b in April; up 77% (Arabian Business 04/05/2025)

Dubai real estate sector recorded $6b of transactions last week (Arabian Business 04/05/2025)

UAE's exhibitions, conferences industry emerges as key driver of economic growth (WAM 03/05/2025)

Soaring population increases Dubai real estate demand (Arabian Business 03/05/2025)

AGDA launches UAE Economic Diplomacy Report 2024–2025 (WAM 02/05/2025)

Abu Dhabi Stopover Programme attracts 44,000 visitors during Jan-Apr 2025 (WAM 02/05/2025)

Dubai World Trade Centre unveils events for May (WAM 02/05/2025)

Education Cost Index set at 2.35% for Dubai’s for-profit private schools in 2025-26 academic year (WAM 02/05/2025)

UAE restaurants turn to AI, ghost kitchens to counter soaring rents (Arabian Business 02/05/2025)

Dubai off-plan property sales surge 47% y-o-y in April (Arabian Business 02/05/2025)

Dubai leads Middle East private jet demand (Arabian Business 02/05/2025)

ATM 2025 attracts 55,000+ attendees, marking 16% YoY growth (WAM 01/05/2025)

SEE Holding, Micropolis to power Sustainable City 2.0 with AI (WAM 01/05/2025)

Inaugural edition of Al Ain International Hunting & Equestrian Exhibition announced (WAM 01/05/2025)

Inaugural Abu Dhabi Infrastructure Summit to take place in June (Abu Dhabi Media Office 01/05/2025)

Middle East carriers face decline in demand in March (Khaleej Times 01/05/2025)

UAE and New Jersey gaming regulators sign Memorandum of Understanding (Arabian Business 01/05/2025)

Middle East emerges as key growth market for Chinese auto exports amidst global shifts (Arabian Business 01/05/2025)

Research unveiled at ATM 2025 outlines leading travel trends, market opportunities in Middle East (WAM 30/04/2025)

PCFC launches ‘Digital Zero Four’ (WAM 30/04/2025)

Dubai DET, Visa collaborate to drive tourism growth (WAM 30/04/2025)

Tawazun Council launches its strategic plan 2025 – 2028 to strengthen UAE’s defence ecosystem (WAM 30/04/2025)

Etihad, China Eastern Airlines celebrate start of JV (WAM 30/04/2025)

Maktoum bin Mohammed meets CEO of WPP (WAM 30/04/2025)

M42, Yamagata University partner to advance heavy ion therapy research (WAM 30/04/2025)

DXB welcomes 23.4 million guests in Q1 (WAM 30/04/2025)

Etihad Airways launches Etihad For Business Corporate Travel Programme (WAM 30/04/2025)

IHG to introduce Kimpton hotel brand to UAE in 2026 (Arabian Business 30/04/2025)

Dubai developers capitalise on local supply chains as Trump tariffs drive up construction costs (Arabian Business 30/04/2025)

Facial recognition to cut hotel check-in times as Abu Dhabi bolsters ‘safest city’ status (Arabian Business 30/04/2025)

Abu Dhabi’s HELM cluster to boost healthcare innovation, diversify economy (WAM 29/04/2025)

Khaled bin Mohamed bin Zayed receives Chief Financial Officer of OpenAI (WAM 29/04/2025)

Butterfly Gardens Abu Dhabi set to open in September 2025 (WAM 29/04/2025)

Emirates activates codeshare agreement with Condor, establishes new partnership with Air Seychelles (WAM 29/04/2025)

Emirates, Philippine Airlines to explore enhanced partnership (WAM 29/04/2025)

Etihad Airways signs cooperation agreement with Tourism Authority of Thailand (WAM 29/04/2025)

Tourism leaders at ATM outline investment strategies powering Middle East growth (WAM 29/04/2025)

Yas, Saadiyat islands set tourism records in 2024 (WAM 29/04/2025)

UAE President receives Crown Prince of Dubai (WAM 29/04/2025)

Russians, Gulf nationals lead tourist spending in Dubai (WAM 28/04/2025)

UAE FINANCE AND ECONOMY NEWS

Dubai Holding announces intention to float Dubai Residential REIT on DFM (WAM 05/05/2025)

ADNOC Gas announces Q1 2025 net income of $1.27b (WAM 05/05/2025)

Alpha Dhabi reports AED17.4b revenue in Q1 2025 (WAM 05/05/2025)

Changer Club announces strategic investment in EVEDEX (Khaleej Times 05/05/2025)

RTA posts 16% rise in digital revenues in 2024, reaching AED4.4b (WAM 04/05/2025)

Dubai stock market gains most among GCC peers in April (Khaleej Times 04/05/2025)

UAE card transactions set to surge to AED565.5b (Khaleej Times 04/05/2025)

ADIO, Alpheya to accelerate AI-led digital wealth management capabilities in Abu Dhabi (Abu Dhabi Media Office 02/05/2025)

PureHealth reports AED505m net profit Q1 2025 (WAM 01/05/2025)

Alef Education posts AED115.3m in net profit in Q1 2025 (WAM 01/05/2025)

M42, Reem Hospital to launch ‘Nafas’ mental health platform (WAM 01/05/2025)

UAE's public debt management policy strategically fosters investor confidence; operates distinctly from budget financing (WAM 01/05/2025)

Maktoum bin Mohammed meets with Mizuho Financial Group (Government of Dubai Media Office 01/05/2025)

DFM achieves strong growth in Q1 2025 (Government of Dubai Media Office 01/05/2025)

UAE developer inks world’s largest real estate tokenisation deal (Khaleej Times 01/05/2025)

Abu Dhabi tipped to grow 5.8% next year, with Dubai up 3.5% (Arabian Business 01/05/2025)

Dubai Duty Free sales pass $195m in April; as viral Dubai chocolate sells AED1m a day  (Arabian Business 01/05/2025)

Bank of Sharjah completes $500m Green Sukuk issuance for Omniyat Holdings (WAM 30/04/2025)

Borouge Q1 2025 net profit increases to $281m (WAM 30/04/2025)

NMDC Group reports robust financial results for Q1 2025 (WAM 30/04/2025)

DAE earns $85.8m in Q1 2025 (WAM 30/04/2025)

GCC sees massive surge in high-value startup funding deals in early months of 2025 (Arabian Business 30/04/2025)

Americana Restaurants revenue up 16.2% in Q1 2025 (Arabian Business 30/04/2025)

UAE sees over 537,000 corporate tax registrants and 511,000 signed up for VAT (Arabian Business 30/04/2025)

ADNOC prices debut Sukuk offering under newly established International Sukuk Programme (WAM 29/04/2025)

MOF, FTA to waive late registration penalties under Corporate Tax Law (WAM 29/04/2025)

e& achieves 18.7% YoY growth in Q1 2025 (WAM 29/04/2025)

Emirates Stallions Group revenue grows 10% in Q1 2025 (WAM 29/04/2025)

Aldar reports AED1.9b net profit in Q1 2025 (WAM 29/04/2025)

United Arab Bank delivers 49% growth in Q1 2025 net profit (WAM 29/04/2025)

FAB reports 23% rise in net profit in Q1 2025 (WAM 29/04/2025)

Adnoc Distribution earnings top $1b for second year (WAM 29/04/2025)

NMDC Energy posts AED217m net profit in Q1 2025 (WAM 29/04/2025)

ADCB reports 20% YoY rise in profit before tax in Q1 2025 (WAM 29/04/2025)

UAE to post surplus as lower oil prices strain GCC budgets in 2025 (Khaleej Times 29/04/2025)

UAE announces new tax rule (Arabian Business 29/04/2025)

UAE M&A AND INVESTMENT NEWS

Masdar completes acquisition of Greece's largest renewables company TERNA ENERGY (WAM 02/05/2025)

Mubadala Capital and TWG Global in a game-changing partnership (Arabian Business 02/05/2025)

Lunate provides strategic growth capital to Azura Partners (WAM 30/04/2025)

UAE BILATERAL TRADE NEWS

e&, Digicel Group to enhance international voice services across Americas (WAM 05/05/2025)

UAE President receives phone call from President of Cyprus (WAM 05/05/2025)

UAE, Croatia explore ways to strengthen bilateral economic relations (WAM 05/05/2025)

EDGE to showcase next-generation multi-domain defence solutions at FEINDEF 2025 (WAM 05/05/2025)

ADDED leads delegation to Japan to advance investment ties (Abu Dhabi Media Office 05/05/2025)

UAE President, Emir of Qatar discuss fraternal relations in Abu Dhabi (WAM 04/05/2025)

Dubai Customs, University of Dubai, Germany's KLU university sign tripartite MoU (WAM 04/05/2025)

AD Ports Group, Egypt’s Suez Canal Economic Zone to develop KEZAD East Port Said Zone (WAM 04/05/2025)

UAE President receives phone call from Lebanese President (WAM 04/05/2025)

UAE-Africa Ministerial Meeting held to enhance cooperation in transport, railway, infrastructure sectors (WAM 03/05/2025)

Noura Al Kaabi meets Greek Minister of Tourism to discuss bilateral cooperation (WAM 03/05/2025)

e& expands global presence with new office in Miami (WAM 02/05/2025)

Mansour bin Zayed receives Syrian Minister of Finance (WAM 02/05/2025)

UAE, Greece discuss advancing Comprehensive Strategic Partnership, progress of Joint Investment Fund (WAM 02/05/2025)

UAE delegation visits Finland to expand cooperation in critical, emerging, advanced technologies (WAM 02/05/2025)

Abdullah bin Zayed receives Foreign Minister of Bosnia and Herzegovina (WAM 02/05/2025)

Second Emirati-Iraqi Business Forum discusses enhancing trade partnerships (WAM 02/05/2025)

Dubai International Chamber establishes new representative office in Cape Town (Government of Dubai Media Office 02/05/2025)

Khaled bin Mohamed bin Zayed, President of Ecuador discuss strengthening bilateral relations (WAM 01/05/2025)

Noura Al Kaabi receives Costa Rican Minister of Culture and Youth (WAM 01/05/2025)

UAE, Lebanon issue joint statement on visit of President of Lebanon (WAM 01/05/2025)

Abdullah bin Zayed, President of Ecuador discuss strengthening bilateral cooperation (WAM 01/05/2025)

Khazna to build 100MW AI-ready data center in Turkey (Arabian Business 01/05/2025)

UAE, Ecuadorian Presidents discuss strengthening bilateral cooperation (WAM 30/04/2025)

UAE Chambers signs MoU with Australian Chamber of Commerce and Industry (WAM 30/04/2025)

Emirates receives Tourism delegation from Jamaica (WAM 30/04/2025)

DP World Sokhna achieves record throughput in Q1 2025 (WAM 30/04/2025)

UAE, Egypt sign MoU to strengthen peaceful space cooperation, develop joint projects (WAM 30/04/2025)

UAE, Austria reaffirm commitment to strengthening bilateral cooperation (WAM 30/04/2025)

UAE tourists account for 30% of Gulf visitors to Germany (WAM 30/04/2025)

Phoenix Group adds 52MW to Ethiopian Bitcoin mining operations (Arabian Business 30/04/2025)

Abdullah bin Zayed, Pakistan’s Deputy Prime Minister & FM discuss strategic bilateral relations (WAM 29/04/2025)

Abdullah bin Zayed, Indian External Affairs Minister discuss strategic bilateral relations (WAM 29/04/2025)

ENOC to showcase cutting-edge lubricants solutions at Automechanika Riyadh 2025 (WAM 29/04/2025)

Dubai highlights tech ties with Singapore at GITEX Asia (WAM 29/04/2025)

UAE, Pakistan convene second session of their Joint Consular Committee (WAM 29/04/2025)

Sri Lanka, dnata Travel partner as UAE arrivals climb 28% in Q1 2025 (Government of Dubai Media Office 29/04/2025)

Peru inaugurates embassy HQ in Abu Dhabi (WAM 28/04/2025)

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Written by Jenny Hunt

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

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