UAE Weekly Business News 07/10/2024
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UAE Weekly Business News: Issue 209 published 07 October 2024.
UAE FREE ZONE NEWS
KEZAD Group launches media production company 'KZ Media' (WAM 03/10/2024)
Mohammed bin Rashid approves new master plan for Expo City (WAM 03/10/2024)
Mahindra Insurance Brokers launches its new reinsurance division in DIFC (Government of Dubai Media Office 03/10/2024)
Dubai watchdog DFSA imposes almost $1m combined fine on OCS International Finance and its CEO, citing regulatory breaches (Arabian Business 03/10/2024)
Azizi Developments to set up 12 factories in KEZAD at cost of AED1b (WAM 01/10/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Dubai announces Golden Visa for outstanding private school teachers (Khaleej Times 06/10/2024)
Dubai: Changing jobs? Documents, cost to put your family's visa on hold (Khaleej Times 06/10/2024)
UAE: Some Indian expats stopped from boarding flights for not carrying Emirates ID (Khaleej Times 06/10/2024)
Can employer refuse NOC to employee for joining competitors? (Khaleej Times 06/10/2024)
Golden Visa in Dubai: Applications open from October 15 for private school teachers (Khaleej Times 06/10/2024)
Under directives of Mohammed bin Rashid, Hamdan bin Mohammed announces Golden Visas for exceptional educators in Dubai’s private education institutions (WAM 05/10/2024)
M42, ADGM Academy sign MoU to upskill Emirati professionals (WAM 03/10/2024)
Emirates Health Services programme for new graduates earns accreditation from American Nurses Credentialing Centre (WAM 02/10/2024)
How domestic workers, employers can withdraw absconding report (Khaleej Times 01/10/2024)
UAE BUSINESS NEWS
RTA generates AED3.7b in revenue through digital channels in 2023 (WAM 06/10/2024)
Emirates Health Economics Society Conference 2024 explored sustainable healthcare financing (WAM 06/10/2024)
FAO commends launch of 'Plant the Emirates' national programme for sustainable agriculture (WAM 06/10/2024)
Emirates Perfumes Forum calls for enhancing cooperation between local, global fragrance manufacturers (WAM 06/10/2024)
Short-term letting stock is on the rise in Abu Dhabi (Khaleej Times 06/10/2024)
98 million passengers pass through airports during first 8 months of 2024 (Khaleej Times 05/10/2024)
Emirates resumes services to Jordan; some airlines extend cancellation of Beirut flights (Khaleej Times 05/10/2024)
NIO, CYVN Holdings form joint venture to advance smart electric vehicle innovation across MENA (WAM 04/10/2024)
Future Food Forum lays roadmap for food cluster strategy, Emiratisation in F&B sector (WAM 04/10/2024)
WETEX 2024 attracts over 50,000 visitors (WAM 04/10/2024)
Abu Dhabi Investment Office announces tender for animal feed markets (WAM 04/10/2024)
Masdar Sustainability Report reveals global portfolio, advanced pipeline capacity grew 58% in 2023 (WAM 04/10/2024)
National Ambulance launches advanced ambulances for crisis, natural disaster response (WAM 04/10/2024)
With some fruits, vegetables sourced from Iran, Lebanon, will shops see shortage? (Khaleej Times 04/10/2024)
Emirates bans pagers, walkie-talkies on all flights (Khaleej Times 04/10/2024)
Travel trends: UAE, Saudi travellers embrace ‘Slow’, ‘Solo’ holidays amidst shift towards longer stays (Arabian Business 04/10/2024)
Dubai Festival City Mall to add 30+ new stores in 2024 expansion (Arabian Business 04/10/2024)
Etihad Rail unveils its new corporate identity, strategic vision (WAM 03/10/2024)
Emirates to power 37% of its Engineering Centre operations with clean energy investment (WAM 03/10/2024)
Dubai Airports to launch world's largest airport rooftop solar panel installation project (WAM 03/10/2024)
FESPA reinvested $9 million in global printing industry since 2015 (WAM 03/10/2024)
TRENDS, Dubai Media Academy sign agreement to cooperate in training, sustainable development (WAM 03/10/2024)
Enhancing technical expertise in judicial system strengthens UAE’s leadership position (WAM 03/10/2024)
Dubai remains world’s No. 1 city for attracting Greenfield FDI for third consecutive year (WAM 03/10/2024)
World Green Economy Summit 2024 concludes with key results and outcomes, paving the way for COP29 (Government of Dubai Media Office 03/10/2024)
Emirates resumes Nigeria flights after 2-year suspension (Khaleej Times 03/10/2024)
69% of UAE businesses expect a cyberattack within a year, but only 49% feel prepared for it (Khaleej Times 03/10/2024)
Dubai property market sets AED141.9b all-time quarterly sales record (Khaleej Times 03/10/2024)
Oil gains nearly 5% as Middle East conflict stokes supply concerns (Khaleej Times 03/10/2024)
Dubai records robust business expansion (Khaleej Times 03/10/2024)
Abu Dhabi economy: 90% of private companies in Emirate are family-owned, 60% of GDP and 80% of workforce in segment (Arabian Business 03/10/2024)
UAE healthcare: Over 90% of foreign residents say healthcare is better than in home country (Arabian Business 03/10/2024)
Emirates enjoys solid Reputation Scores across several markets (Arabian Business 03/10/2024)
Air taxis in Dubai: Parkin and Skyports team up to boost eVTOL infrastructure (Arabian Business 03/10/2024)
Sports leaders explore drivers shaping future of sports at Sport Industry Forum in Abu Dhabi (WAM 02/10/2024)
ENOC mulling expansion of its Jebel Ali Oil Refinery (WAM 02/10/2024)
UAE President, Mohammed bin Rashid meet at Al Marmoom in Dubai (WAM 02/10/2024)
UAE continues to pioneer transition to green economy (WAM 02/10/2024)
GCAA launches National Civil Aviation Cybersecurity Guidelines (WAM 02/10/2024)
Dubai's KHDA reveals further details of Education 33 (WAM 02/10/2024)
flydubai unveils its new dedicated Business Class check-in (Government of Dubai Media Office 02/10/2024)
Dubai Finance and Al Tadawi Inaugurate Medical Centre at Al Fahidi (Government of Dubai Media Office 02/10/2024)
UAE ahead in consumer readiness for new mobility solutions (Khaleej Times 02/10/2024)
UAE India Business Council partners with Expand North Star to boost innovation and startup growth (Arabian Business 02/10/2024)
NCM inaugurates new regional training centre affiliated with World Meteorological Organisation (WAM 01/10/2024)
Hamdan bin Mohammed approves comprehensive strategy to transform Dubai's education sector by 2033 (WAM 01/10/2024)
Dubai launches new IP Hub to empower innovators, entrepreneurs, enhance business landscape (WAM 01/10/2024)
EWEC invites expression of interest submissions for developing Zarraf solar PV power project (WAM 01/10/2024)
Dragon Oil plans to double output to 450,000bpd in next five years (WAM 01/10/2024)
Air Arabia suspends flights to Beirut 'until further notice' (Khaleej Times 01/10/2024)
Dubai rises as epicentre of PropTech innovation as city’s real estate firms chase new-age tech tools with massive investments (Arabian Business 01/10/2024)
UAE events in October 2024: Agriculture, education, accounting, film, economy, energy and more major conferences this month (Arabian Business 01/10/2024)
Dubai announces MAJOR real estate and education strategies: $272b property target, new transport system, cashless society goal (Arabian Business 01/10/2024)
UAE FINANCIAL NEWS
Ministry of Finance announces amendments to Executive Regulations of Federal Decree-Law on Value Added Tax (WAM 05/10/2024)
Family credit in UAE banking sector reaches $115b (WAM 04/10/2024)
‘TAQA’ successfully prices US$1.75b dual tranche (WAM 04/10/2024)
UAE corporate tax guide 2024: Eligibility, exemptions, new deadline – everything you need to know (Arabian Business 04/10/2024)
UAE accounts for 47.3% of Arab exchange companies (WAM 03/10/2024)
Dubai banks lead Middle East and Africa lenders in Q3 market cap growth (Khaleej Times 03/10/2024)
Ministry of Economy launches National Economic Registry (WAM 02/10/2024)
ADX logs 15 large deals on ADNOC Gas, Modon worth AED2.66b (WAM 02/10/2024)
Total profits of UAE insurance sector amount to AED2.5b in 2023 (WAM 02/10/2024)
CBUAE prohibits takaful insurer from issuing new insurance contracts (WAM 02/10/2024)
UAE wealth funds lead as AUM set to hit $2.2t in 2024 (Khaleej Times 02/10/2024)
Ajman Bank announces inclusion in FTSE Global Equity Index series (Khaleej Times 02/10/2024)
DFM best performing market regionally in 2024 (WAM 01/10/2024)
AED72b of Islamic bonds, sukuk listings on Abu Dhabi market (WAM 01/10/2024)
Space42 debuts on Abu Dhabi Securities Exchange following merger of Bayanat, Yahsat (WAM 01/10/2024)
ICAEW partners with ADGM to strengthen UAE audit standards and financial integrity (Arabian Business 01/10/2024)
Ripple secures in-principle approval from DFSA to expand cross-border payment services in UAE (Arabian Business 01/10/2024)
Relief for UAE businesses as FTA extends corporate tax deadline (Arabian Business 01/10/2024)
UAE M&A NEWS
Masdar closes acquisition of 50% stake in Terra-Gen (WAM 01/10/2024)
Alpha Dhabi Holding announces completion of 49% construction subsidiary stake sold to ADQ (WAM 01/10/2024)
UAE BILATERAL TRADE NEWS
UAE President, King of Jordan witness signing of Comprehensive Economic Partnership Agreement (WAM 06/10/2024)
UAE trade mission to visit Malta in 2025, explore establishing joint business council (WAM 06/10/2024)
UAE President, King of Jordan discuss bilateral relations (WAM 06/10/2024)
Crown Prince of Abu Dhabi arrives in Norway on official visit (WAM 06/10/2024)
Dubai real estate sector recorded HUGE $5.8b of transactions last week (Arabian Business 06/10/2024)
Presidents of UAE, Serbia witness exchange of Comprehensive Economic Partnership Agreement (WAM 05/10/2024)
UAE food sector sets $10b GDP target with public and private sector investment (Arabian Business 05/10/2024)
UAE aviation: 10 airports, 4,807 weekly flights, 98m passengers and a $128b vision (Arabian Business 05/10/2024)
ADQ appoints Modon Holding as master developer for Ras El Hekma megaproject in Egypt (WAM 04/10/2024)
Federal Tax Authority participates in cooperation forum of Belt and Road Initiative in Hong Kong (WAM 04/10/2024)
Dubai hosts Türkiye Tourism Forum 2024 (WAM 04/10/2024)
RAKEZ ties up China’s Tianjin Pilot Free Trade Zone to boost cross-border strategic collaborations (WAM 04/10/2024)
Modon Holding engages with investors, partners for Ras El Hekma destination megaproject in Egypt (WAM 04/10/2024)
UAE Ministry of Investment drives Emirati investment in Egypt’s Ras El Hekma Development (WAM 04/10/2024)
UAE participates at meeting of BRICS Ministers of Energy in Russia (WAM 03/10/2024)
Mansour bin Zayed leads UAE delegation to 3rd Asia Cooperation Dialogue Summit in Doha (WAM 03/10/2024)
Etihad Cargo reaches 10-year milestone in Vietnam (WAM 02/10/2024)
Crown Prince of Abu Dhabi arrives in Doha on official visit (WAM 01/10/2024)
UAE holds sixth strategic financial dialogue with Switzerland (WAM 01/10/2024)
UAE supplies Japan with 45.3% of its oil imports in August 2024 (WAM 30/09/2024)
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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