UAE Weekly Business News 08/04/2024
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UAE Weekly Business News: Issue 183 published 8th April 2024.
UAE FREE ZONE NEWS
Sobha Group sets up AED450m new facility in Dubai Industrial City (Khaleej Times 03/04/2024)
UAE VISA NEWS (inc. employment, Emiratisastion, human resources, training and women)
UAE Emiratisation: New apprenticeship programme ‘crucial’ for private sector employment, says HCT officer (Arabian Business 05/04/2024)
Sanad announces second cohort of Future Leaders Programme to foster future aerospace leaders (WAM 04/04/2024)
Hamdan bin Mohammed grants golden visas to veteran imams, muezzins, religious scholars (WAM 03/04/2024)
Daman transfers Abu Dhabi Basic Plan renewal services for domestic workers to TAMM platform (WAM 02/04/2024)
UAE jobs: Should interns be paid? Experts say yes (Arabian Business 02/04/2024)
MoHRE announces Eid Al Fitr holiday for private sector (WAM 01/04/2024)
Over 1.2 million residency medical fitness examinations conducted at EHS' Centres in 2023 (WAM 01/04/2024)
UN Women praises Sheikha Fatima bint Mubarak’s efforts to empower and support Emirati women (Abu Dhabi Media Office 01/04/2024)
UAE BUSINESS AND ECONOMY NEWS
Masdar to host 2nd Green Hydrogen Summit on April 16 (WAM 08/04/2024)
Why the UAE is a booming medical tourism destination (The National 08/04/2024)
UAE Eid Al Fitr 2024 to begin on April 10, says International Astronomical Centre (Arabian Business 08/04/2024)
DEWA’s digital services achieve AED470m in savings for customers in 2023 (WAM 07/04/2024)
Miral Partners with Khalifa Fund for Enterprise Development for second year to support local entrepreneurs (WAM 07/04/2024)
Abu Dhabi Agriculture and Food Safety Authority laboratories join World Health Organization CoronaVirus Network as reference laboratory (Abu Dhabi Media Office 07/04/2024)
Traders at Dubai Gold Souq hope for busy Eid despite record price surge (The National 07/04/2024)
DWTC welcomes 2.4 million visitors in 2023 (WAM 06/04/2024)
MoHAP Undersecretary reaffirms ministry’s commitment to promoting health and well-being of UAE community (WAM 06/04/2024)
Enhanced health sector efficiency boosts UAE's leading position in global health rankings (WAM 06/04/2024)
Dubai Media Council launches the #EidInDubai campaign (WAM 06/04/2024)
Emirati entrepreneurs cause a stir in the world of coffee (The National 06/04/2024)
Dubai welcomes 3.67 million overnight visitors in Jan-Feb 2024 (WAM 05/04/2024)
World Future Energy Summit to accelerate meeting COP28 climate goals (WAM 05/04/2024)
ADIO, Dustour Marine Wooden Boats Trading partner to drive maritime, tourism activities in Abu Dhabi (WAM 05/04/2024)
Abu Dhabi Chamber establishes 54 new working groups within Advocacy Hub initiative (WAM 05/04/2024)
Why Abu Dhabi's tourism boost is not just for visitors (WAM 05/04/2024)
Department of Municipalities and Transport issues regulations on use of unmanned aerial vehicles in Abu Dhabi (Abu Dhabi Media Office 05/04/2024)
ADNEC Group to host inaugural Bitcoin MENA Conference 2024 in Abu Dhabi (Abu Dhabi Media Office 05/04/2024)
Department of Community Development to license social care professionals in private education institutions in Abu Dhabi (Abu Dhabi Media Office 05/04/2024)
Decline in Abu Dhabi real estate off-plan sales sees residential market fall to $1.6b in Q1 (Arabian Business 05/04/2024)
Abu Dhabi announces free parking and toll-free roads for Eid Al Fitr 2024 holidays (Arabian Business 05/04/2024)
Dubai announces free parking for Eid Al Fitr 2024, shares Metro, bus and abra timings (Arabian Business 05/04/2024)
Dubai welcomed 3.67m tourists in January-February as available hotel rooms hits 148,450 (Arabian Business 05/04/2024)
Etihad set to launch new flights to Saudi Arabia, India, Pakistan, Turkey, Egypt and Jordan as weekly flights hit 855 (Arabian Business 05/04/2024)
Ramadan shopping: MENA clocks 220% hike in online flower, bouquet sales (Arabian Business 05/04/2024)
Dubai real estate: Off-plan v ready property sales figures revealed, 36,000 sales transactions in Q1 (Arabian Business 05/04/2024)
AI is breaking barriers and boosting access to healthcare: MBZUAI (WAM 04/04/2024)
NYUAD, Dolphin Energy sign agreement to boost sustainability, climate change research (WAM 04/04/2024)
35% growth of Abu Dhabi private sector in 8 years to AED338.9b in 2023 (WAM 04/04/2024)
Emirates expands flight schedules ahead of Eid Al Fitr (WAM 04/04/2024)
Dubai Chamber of Digital Economy explores private sector empowerment, impact of advanced technology on economic growth (WAM 04/04/2024)
Dubai Ambulance responds to 235,000+ emergencies in 2023 with record-breaking response time (WAM 04/04/2024)
DIHAD Conference and Exhibition 2024 to spotlight humanitarian diplomacy (WAM 04/04/2024)
Marine Agency for Wooden Dhows facilitates entry of about 3,000 wooden ships during first quarter of 2024 (WAM 04/04/2024)
Trends study highlights AI impact on weather prediction, climate awareness (WAM 04/04/2024)
Facilitating seamless travel on Dubai Metro Red Line (WAM 04/04/2024)
Crown Prince of Abu Dhabi receives Crown Prince of Dubai (WAM 04/04/2024)
Department of Culture and Tourism – Abu Dhabi to deliver Tourism Strategy 2030 to ensure emirate’s sustainable growth as global tourism destination (Abu Dhabi Media Office 04/04/2024)
Department of Government Enablement – Abu Dhabi hosts 4th Abu Dhabi Government Leadership Forum (Abu Dhabi Media Office 04/04/2024)
How the UAE became a hotspot for crypto talent (The National 04/04/2024)
UAE consumer spending jumps 13% in 2023 on higher retail spend (The National 04/04/2024)
Dubai South awards $409m construction contract (Arabian Business 04/04/2024)
UAE economic diversification drive pushes investment appeal to top 10 globally: Report (Arabian Business 04/04/2024)
Dubai jeweller reveals first 24 karat gold note (Arabian Business 04/04/2024)
Empower says cooling services consumption up 54% in last five year (Arabian Business 04/04/2024)
Ramadan Nights 2024 offers visitors captivating experiences (WAM 03/04/2024)
ADAFSA hosts 7th FERG Meeting to tackle global foodborne disease (WAM 03/04/2024)
Masdar to host World Future Energy Summit on 16th April (WAM 03/04/2024)
MBRSG, APCO sign MoU to improve cooperation in GenAI, government communications (WAM 03/04/2024)
Capital.com opens new regional head office in UAE under #NextGenFDI initiative (WAM 03/04/2024)
BEEAH developing 'AI Executive' for empowered business decision making (WAM 03/04/2024)
Abu Dhabi City Municipality conducts awareness-raising inspection campaign targeting beauty centres (WAM 03/04/2024)
DXB LIVE achieves phenomenal growth, expands business in 2023 (WAM 03/04/2024)
UAE AML/CFT Partnership Forum Digital Work Group publishes white paper on technologies in anti-financial crime (WAM 03/04/2024)
UAE businesses face intense capacity pressures as backlogs grow sharply (Khaleej Times 03/04/2024)
Virgin Mobile UAE and UAE PASS launch the UAEs first 100% digital eSIM (Khaleej Times 03/04/2024)
RTA announces new Dubai Metro junction to open April 15 in ‘monumental’ upgrade for passengers (Arabian Business 03/04/2024)
UAE mulls major 10-year golden business licence (Arabian Business 03/04/2024)
UAE home, laundry care market ramps up sustainability drive as sector value seen hitting $500m by 2029 (Arabian Business 03/04/2024)
Ramadan shopping: Tabby records over $43mn in UAE, Saudi Arabia sales in a single day (Arabian Business 03/04/2024)
Abu Dhabi's real estate transactions hit AED15.9b in Q1 2024 (WAM 02/04/2024)
influence of AI on international cybersecurity industry (WAM 02/04/2024)
Borouge commits to net zero in its operations by 2045 (WAM 02/04/2024)
UAE's national carriers soar to 603 global destinations by end Q1 2024 (WAM 02/04/2024)
dnata wins multi-year contract with Etihad Airways in Boston (WAM 02/04/2024)
Why studying in UAE is becoming more attractive (WAM 02/04/2024)
Abu Dhabi Quality and Conformity Council reports significant achievements in 2023 (Abu Dhabi Media Office 02/04/2024)
UAE gains top spot in world’s most globalized countries (Arabian Business 02/04/2024)
Dubai's The Watch Meister selling multi-million dollar watches to the super-rich set to make debut in luxury real estate (Arabian Business 02/04/2024)
UAE President receives Ruler of Fujairah (WAM 01/04/2024)
ADQ launches holding company Arcera to build a global life sciences powerhouse anchored in Abu Dhabi (WAM 01/04/2024)
RTA adjusts truck movement timings on Sheikh Mohammed bin Zayed Road (WAM 01/04/2024)
Investopia 2024 launches Next50 initiative to create investment opportunities for UAE’s most innovative companies (WAM 01/04/2024)
MBRSC and HCT officially commence development of historic HCT-SAT 1 (WAM 01/04/2024)
Adnoc Gas to invest $13b until 2029 to boost LNG production capacity (The National 01/04/2024)
UAE FINANCIAL NEWS
ADX, DFM log nine large deals worth AED1.6b during Ramadan (WAM 07/04/2024)
ADFD's combined investments top AED216b (Khaleej Times 07/04/2024)
UAE stocks see AED6.5b inflow, IHC, Emaar lead (WAM 05/04/2024)
DFSA, Securities and Futures Commission co-host high-level roundtable on distributing Hong Kong funds in DIFC (WAM 05/04/2024)
Aggregate capital, reserves of UAE-based banks increase to AED500b by end of January 2024 (WAM 05/04/2024)
SCA announces Eid Al Fitr holiday for financial markets (WAM 04/04/2024)
EDB boosts industrial GDP impact, reaching AED10.4b in total funding since 2021 (WAM 04/04/2024)
CBUAE's gold reserves up 7% YoY (WAM 04/04/2024)
Banking sector sees AED25b surge in new savings deposits over 12 months, marking 10% growth (WAM 04/04/2024)
RAKBANK, DP World join forces to boost UAE trade finance (WAM 04/04/2024)
DAE signs new AED2.7b loan from Emirates NBD Bank (WAM 04/04/2024)
Middle East braces for crypto token project boom amid new platform debut (Arabian Business 04/04/2024)
Moody's upgrades ADIB’s Baseline Credit Assessment (WAM 03/04/2024)
Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with stable outlook (WAM 03/04/2024)
UAE banking sector transfers hit over AED1.5t in January 2024 (WAM 03/04/2024)
UAE banks’ investments exceeded AED640b in January, 19% YoY growth (WAM 03/04/2024)
Crypto exchange Bitget partners with OnRamp Money to boost fiat access in UAE, Nigeria (Arabian Business 03/04/2024)
FAB, Microsoft announce strategic partnership to reshape future of financial services globally (WAM 02/04/2024)
National Bonds investments jump to record AED14b in 2023 (WAM 02/04/2024)
CBUAE balance sheet soars to touch AED734.6b by end of January 2024 (WAM 02/04/2024)
Gross banks’ assets increased to over AED4.1t at end of January 2024 (WAM 02/04/2024)
Dubai brokerages report 103% surge in new trading accounts in Q1 (Arabian Business 02/04/2024)
UAE banking system’s capital ratios remained well above capital requirements in Q4-23 (WAM 01/04/2024)
EmaraTax smart tax services app enhances quality of Authority’s services (WAM 01/04/2024)
Low Credit Default Swaps for government of Abu Dhabi in Q3 2023 a testament to its dynamic economy, strong fiscal position (WAM 01/04/2024)
DFM witnesses large direct deal on Emirates NBD shares worth over AED100.5m (WAM 01/04/2024)
Gross written premium increased by 12.7% in Q4 2023 to AED53.2b (WAM 01/04/2024)
UAE MERGERS AND ACQUISITIONS NEWS
FAB eyes Turkish acquisition in overseas expansion drive (Khaleej Times 07/04/2024)
Commercial Bank International leads investment round in generative AI fintech zypl.ai (WAM 05/04/2024)
EasyLease expands into railways, smart mobility with 60% acquisition of United Trans (WAM 03/04/2024)
Abu Dhabi’s Lunate takes 40% stake in Adnoc’s pipeline assets (The National 03/04/2024)
Mubadala and Abu Dhabi Investment Authority join $8.3b deal for Chinese mall giant (Arabian Business 02/04/2024)
GFH Partners invest $450m in proven US real estate portfolios (Arabian Business 01/04/2024)
UAE BILATERAL TRADE NEWS
Shakhboot bin Nahyan Al Nahyan meets with Transitional President of Chad (WAM 07/04/2024)
Shakhboot bin Nahyan Al Nahyan meets Transitional President of Gabon (WAM 07/04/2024)
DEWA provides mosque, clinic and school with clean energy in Benin village (WAM 06/04/2024)
Hamdan bin Rashid Al Maktoum Foundation explores boosting cooperation with Russian delegation (WAM 05/04/2024)
AD Ports Group, General Company for Ports of Iraq sign preliminary agreement to develop Al Faw Grand Port, Economic Zone (WAM 04/04/2024)
India allows additional 10,000 tonne of onion exports to UAE (Arabian Business 04/04/2024)
TRENDS to participate in Paris International Book Fair 2024 (WAM 03/04/2024)
Abdullah bin Zayed meets with Hungarian counterpart in Budapest (WAM 03/04/2024)
DP World & Rumo to build new grain and fertiliser terminal at Brazil’s Santos (WAM 02/04/2024)
TRENDS Research and Advisory, Brazil Africa Institute forge research alliance (WAM 02/04/2024)
UAE President and King of Jordan discuss bilateral relations (WAM 01/04/2024)
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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
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