UAE Weekly Business News 06/06/21

Gateway Group's UAE Weekly News Roundup. Abu Dhabi and Dubai trade and economy 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.

Simply scan through the headlines and choose the ones relevant to you. To read the full article, click the headline. The source is in purple for reference.

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UAE Weekly Business News, Issue 39. 6th June 2021.

UAE trade licence-related headlines

• Non-registration with AML system to invite Dh5m fines, business closure (Khaleej Times 31/05/2021)

• Dubai Economy urges registered businesses to provide Beneficial Owner data (WAM 02/06/2021)

• Dubai Economy issues fines for 48 violations of COVID-19 guidelines (WAM 02/06/2021)

• Dubai issues guidelines for full foreign ownership of companies (The National 03/06/2021)

• Dubai Economy clarifies full ownership procedures for foreign investors (Khaleej Times 03/06/2021)

UAE bilateral trade-related headlines

• UAE, Japan to launch business council (WAM 02/06/2021)

• Luxembourg-UAE ties to expand beyond financial services to space, AI, 4IR (WAM 02/06/2021)

• UAE, Lithuania explore economic cooperation prospects (WAM 03/06/2021)

• UAE, Luxembourg form joint economic committee (WAM 03/06/2021)

• UAE seeks to enhance trade ties with Iraq (WAM 03/06/2021)

• Virtual series explores prospects for UAE-Russia cooperation in technology and innovation (WAM 06/06/2021)

UAE business and economy-related headlines

• DFSA sounds alarm on cryptocurrency fraud as UAE regulators consult on technology guidelines (The National 01/06/2021)

• Abu Dhabi allows manufacturers to use 'Made in Abu Dhabi' sign on products (The National 01/06/2021)

• Adnoc and Taqa to develop utilities to power Ta'ziz downstream industrial hub (The National 01/06/2021)

• S&P affirms Abu Dhabi's ratings on its robust economic fundamentals and fiscal buffers (The National 01/06/2021)

• Abu Dhabi Airports and Masdar complete development of largest solar-powered car park in Abu Dhabi (The National 01/06/2021)

• UAE among top 20 leading nations for tourism and travel in 2020 (Khaleej Times 03/06/2021)

• Dubai records 10% energy demand growth, 10% peak load increase (WAM 02/06/2021)

• UAE continuing to enhance global competitiveness (WAM 02/06/2021)

• Government announces start of midday break hours as temperatures soar (The National 02/06/2021)

• UAE’s SWIFT User Group discusses improving payment performance (WAM 03/06/2021)

• Net investments of non-Arabs hit AED3.255bn in five months (WAM 03/06/2021)

• Business activity in Arab world's largest economies improves in May as vaccinations boost confidence (The National 03/06/2021)

• China looks to deepen vaccine co-operation with UAE (The National 03/06/2021)

• UAE focused on investments in facilities, services to meet global trade needs (Khaleej Times 03/06/2021)

• AED6bn of weeklong real estate transactions in Dubai (WAM 04/06/2021)

• 'No limit' on number of family members sitting together in Abu Dhabi restaurants and cafes (The National 05/06/2021)

• UAE expanded clean energy sector in record time (WAM 06/06/2021)

• Abu Dhabi Ports opens Fujairah Terminals after Dh1bn expansion (The National 06/06/2021)

• SCAD Abu Dhabi to launch 10 statistical surveys to gauge the impact of Covid-19 pandemic (The National 06/06/2021)

• UAE's leisure travel outlook brightens on vaccine drive (The National 06/06/2021)

• Universities in UAE reshape admissions process for pupils who couldn't take exams (The National 06/06/2021)

• Negative PCR report must for UAE visa medical test (Khaleej Times 06/06/2021)

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Written by Jenny Hunt

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

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