UAE Weekly Business News 05/08/2024
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UAE Weekly Business News: Issue 200 published 05 August 2024.
UAE FREE ZONE NEWS
Ajman free zones see 18% growth in net profit in H1 2024 (WAM 04/08/2024)
OZON Pharmaceuticals to develop AED293m manufacturing facility at Dubai Industrial City (WAM 01/08/2024)
PCFC explores boosting cooperation with Chinese trading community (WAM 30/07/2024)
DIFC’s Central Park Towers launches new furnished offices on Level 31 amid Dubai’s real estate boom (Arabian Business 30/07/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
UAE visa amnesty is a commonsense approach to migration (The National 05/08/2024)
UAE Golden Visa: 10-year residency gains popularity through bank deposits (Khaleej Times 05/08/2024)
UAE announces visa amnesty: What it means for residency violators (Khaleej Times 04/08/2024)
UAE labour law: 6 work patterns for flexible job contracts (Khaleej Times 04/08/2024)
UAE visa amnesty to be powered by AI to streamline process (The National 03/08/2024)
What is the UAE visa amnesty and why is it important? (The National 02/08/2024)
Tips for companies to hire Emirati talent (The National 02/08/2024)
UAE visa: How to pay overstay fines online in six steps (Khaleej Times 02/08/2024)
Renting a car in Dubai? What are the rules, eligibility, requirements (Khaleej Times 02/08/2024)
UAE visa amnesty: How overstay grace period helped thousands of illegal expats (Khaleej Times 02/08/2024)
ICP grants grace period, waives fines for residency violations (WAM 01/08/2024)
UAE to begin residency visa overstay amnesty in September (The National 01/08/2024)
How to cancel a domestic worker’s work permit (Khaleej Times 02/08/2024)
How to check UAE visa status online using your passport details (The National 31/07/2024)
MENA employee loyalty remains strong despite retention challenges, survey finds (Arabian Business 30/07/2024)
MoHRE reports 61% increase in customer interactions via Tawasul in H1 2024 (Arabian Business 30/07/2024)
UAE BUSINESS NEWS
RTA completes construction of 10 Truck Rest Stops (WAM 04/08/2024)
Oraseya Capital invests in seven technology startups through SANDBOX (WAM 04/08/2024)
MOCCAE launches programme to boost agricultural production, strengthen food security in the UAE (WAM 04/08/2024)
Dubai Civil Defense and PCFC sign MoU to enhance safety and reinforce preventive protocols (Government of Dubai Media Office 04/08/2024)
Safety and security enhance continuity of Dubai realty’s upward curve (Khaleej Times 04/08/2024)
Dubai leads Gulf peers in equity gains (Khaleej Times 04/08/2024)
Dubai’s Samana Developers lines up 17 new projects this year (Khaleej Times 04/08/2024)
UAE's real estate sector on upward trajectory in H1 2024 (WAM 03/08/2024)
Abu Dhabi Customs records growth in digital and proactive transactions in first half of 2024 (WAM 02/08/2024
11% increase in DEWA’s digital transactions in H1 2024 (WAM 02/08/2024
Provided by DoH, innovative Gene transfer therapy administered for Duchenne muscular dystrophy for first time in emirate (WAM 02/08/2024
Dubai Airports opens new luggage facility at Terminal 2 (WAM 01/08/2024)
Turnwell: Pioneering new phase of Abu Dhabi’s energy industry (WAM 01/08/2024)
FANR conducts 33 nuclear safety inspections at Barakah in 2023 (WAM 01/08/2024)
CBUAE, Dubai Courts sign MoU to link electronic services (WAM 01/08/2024)
WETEX 2024 hosts extensive programme on sustainability in the oil and gas sector (Government of Dubai Media Office 01/08/2024)
Abu Dhabi Projects and Infrastructure Centre implements enhanced construction contract models for capital projects in the emirate (Abu Dhabi Media Office 01/08/2024)
How UAE's demographics shape property market (The National 01/08/2024)
Revealed: The top 30 healthcare visionaries of 2024 (Arabian Business 01/08/2024)
Dubai's Taxi sector sees 500,000 trip increase in H1 2024 (WAM 31/07/2024)
Digital Dubai approves measures to implement strategic vision for AI-powered data centre economy (WAM 31/07/2024)
Sanad signs partnership agreement with Airbus (WAM 31/07/2024)
Abu Dhabi Airports welcomes 13.9m passengers in first half of 2024 (Abu Dhabi Media Office 31/07/2024)
UAE tops TikTok’s most-watched destinations for 2024 (Arabian Business 31/07/2024)
Sun & Sand Sports reopens at the Mall of the Emirates (Arabian Business 31/07/2024)
Meet the next generation of leaders shaping the region: 30 Under 40 (Arabian Business 31/07/2024)
Emirates Airline suspends transit flights to Beirut as regional tensions mount (Arabian Business 31/07/2024)
flydubai announces flight schedule changes amid rising Lebanon-Israel tensions (Arabian Business 31/07/2024)
ADDED adds 12 new activities to Tajer Abu Dhabi licence (WAM 30/07/2024)
FANR launches Intelligent Operational Nuclear Safety System (WAM 30/07/2024)
RTA launches trial operation of smart inspection vehicle for rail right-of-way areas (WAM 30/07/2024)
NSSTC reviews Arab Satellite 813's final design, moves to AI&T (WAM 30/07/2024)
Mohammed bin Rashid meets Mansour bin Zayed to discuss key federal government priorities (WAM 30/07/2024)
Artificial Intelligence office launches ‘UAE Charter for Development and Use of AI’ (WAM 30/07/2024)
Cleveland Clinic Abu Dhabi becomes UAE’s largest centre for AI-assisted colonoscopy procedures (Abu Dhabi Media Office 30/07/2024)
UAE, Saudi emerge as top Mena investor destinations (Khaleej Times 30/07/2024)
Dubai leads global prime residential market in rental values in H1 2024: Savills (Arabian Business 30/07/2024)
(WAM 29/07/2024)
UAE FINANCIAL NEWS
FTA urges Resident Juridical Persons with Licences issued in June to register for Corporate Tax by 31 August 2024 (WAM 04/08/2024)
Ensure that excise tax is applied to the right price (Khaleej Times 04/08/2024)
CBUAE imposes financial sanction on a bank operating in UAE (WAM 02/08/2024
Waha Capital reports 21% increase in H1 net profit (WAM 02/08/2024
TECOM Group H1 2024 net profit surges 24% to AED603m (WAM 02/08/2024
Emirates Steel Arkan delivers AED3.96b in revenues during H1 2024 (WAM 02/08/2024)
DFM adds 56,300 new investor accounts in 7 months (WAM 01/08/2024)
Fertiglobe reports H1 2024 revenues of $1,048m (WAM 01/08/2024)
Alpha Dhabi reports AED6.7b net profit in H1 2024 (WAM 01/08/2024)
Gross banks’ assets saw AED418b YoY increase in May 2024 (WAM 01/08/2024)
Cheaper loans for UAE consumers likely soon (Khaleej Times 01/08/2024)
e& revenue grows 6% to $7.71b; net profit reaches $1.5b (Arabian Business 01/08/2024)
Dubai Aerospace Enterprise sees revenue growth to $679.2m in H1 2024 (WAM 31/07/2024)
PureHealth's revenues grow by 53% to AED12.5b in H1 2024 (WAM 31/07/2024)
Borouge reports $308m net profit in Q2 2024 (WAM 31/07/2024)
CBUAE maintains Base Rate at 5.40% (WAM 31/07/2024)
Modon Holding gross profit surges 277% on $590m revenue (Arabian Business 31/07/2024)
Multiply logs 60% revenue growth in Q2 2024 (WAM 30/07/2024)
Alef reports AED249m in adjusted profit before tax in H1 2024 (WAM 30/07/2024)
Yahsat's net income grows 62% to AED269m in H1 2024 (WAM 30/07/2024)
Dubai Financial Market announces 74% rise in pre-tax net profit to AED195.4m in H1 2024 (WAM 29/07/2024)
UAE M&A NEWS
UAE BILATERAL TRADE NEWS
GCC, Indonesia launches free trade agreement talks (WAM 01/08/2024)
UAE Accountability Authority participates in 4th BRICS Supreme Audit Institutions meeting (WAM 01/08/2024)
UAE, Azerbaijan agree to develop economic partnership (WAM 01/08/2024)
AD Ports completes environmental and social impact study for East Mole Terminal in Pointe Noire (WAM 31/07/2024)
UAE supplies 41.3% of Japan's oil imports in June (WAM 31/07/2024)
US court enforces $200m award against Government of Djibouti over illegal port seizure (Government of Dubai Media Office 31/07/2024)
FCCI, PBPC explore ways to strengthen joint cooperation (WAM 30/07/2024)
Dubai Chambers, ProChile sign MoU to boost trade, investment (WAM 30/07/2024)
CEPA with Chile to take effect in 6 months: Al Zeyoudi (WAM 30/07/2024)
DP World hosts President of Chile at Jebel Ali Port (WAM 30/07/2024)
Chilean delegation visits Abu Dhabi Police Safe City Centre (WAM 30/07/2024)
Mohammed bin Rashid meets with President of Chile, discuss ways to further enhance bilateral relations in various fields (WAM 30/07/2024)
Chilean President meets with representatives of major UAE companies (WAM 29/07/2024)
CEPA between UAE, Chile marks significant milestone in strategic cooperation for developing vital sectors (WAM 29/07/2024)
UAE-Chile Comprehensive Economic Partnership Agreement aims to reduce customs duties by 99.5% (WAM 29/07/2024)
Abdullah bin Zayed receives Foreign Minister of Djibouti (WAM 29/07/2024)
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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
