UAE Weekly Business News 08/05/23
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UAE Weekly Business News, Issue 135. 8th May 2023.
UAE free zones news headlines
ADGM expansion to create one of world's largest financial districts (The National 08/05/2023)
DIFC enacts new Venture Studio Regulations (WAM 05/05/2023)
ADGM’s FSRA enhances its regulatory framework to permit private credit funds (WAM 04/05/2023)
Dubai CommerCity, IWG collaborate to launch ‘Spaces CommerCity’ (WAM 03/05/2023)
Dubai Industrial City signs key strategic partnerships (WAM 03/05/2023)
UAE employment, visa and Emiratisation news
'Can I add vacation days to my maternity leave?' (The National 07/05/2023)
Dubai: How can I apply for a freelance visa and what are the documents required? (Khaleej Times 07/05/2023)
Emirati Talent Competitiveness Council launches the Nafis Youth Council’s executive plan and initiatives (WAM 06/05/2023)
UAE employees want hybrid work flexibility (Arabian Business 06/05/2023)
Middle East bucks global hiring slowdown as new jobs surge (The National 05/05/2023)
UAE issues warning for companies to provide housing for employees (Arabian Business 05/05/2023)
Companies violating Emiratisation targets will face AED500,000 fines (WAM 04/05/2023)
The Debt Panel: 'Can a bank use my gratuity to pay off a loan?' (The National 04/05/2023)
UAE Golden Visa: New platform offers long-term residency to investors for AED2m (Arabian Business 02/05/2023)
UAE Emiratisation deadlines for private sector companies – All you need to know (Arabian Business 02/05/2023)
GPSSA introduces its first transformational project ‘Shourak’ (WAM 01/05/2023)
UAE business and economy news
'Today For Tomorrow: The National Day Mangrove Project' to begin with planting of 10,000 trees (WAM 08/05/2023)
Arabian Travel Market 2023 sees 29% year-on-year growth in attendees (WAM 08/05/2023)
Enhancing natural capital, nature conservation are priority for middle east and private sector (WAM 08/05/2023)
ADJD adopts Smart Judicial Decision system in criminal courts (WAM 08/05/2023)
University of Oxford’s Saïd Business School, Dubai Academic Health Corporation to drive leadership (WAM 08/05/2023)
UAE President receives phone call from Syrian President (WAM 08/05/2023)
Emirates Sky Cargo to double its capacity in next decade (Government of Dubai Media Office 08/05/2023)
Abu Dhabi's GDP topped $272b in 2022, with half from non-oil sector (The National 08/05/2023)
Reem Hospital receives prestigious JCI and CARF accreditations in UAE (Khaleej Times 08/05/2023)
UAE flights: Airfares double during summer break, Eid Al Adha holidays (Khaleej Times 08/05/2023)
From disruption to opportunity: The impact of AI on GCC localisation initiatives (Arabian Business 08/05/2023)
Revealing the secrets behind the Gulf’s big international purchases (Arabian Business 08/05/2023)
Emirates Health Services launches early detection, prevention units in various clinics (Arabian Business 08/05/2023)
Dubai to host inaugural UAE National Sports Medicine Conference (WAM 07/05/2023)
First MENA Solar Conference attracts high-level international line-up of keynote speakers, researchers, specialists (WAM 07/05/2023)
EDB, Ministry of Economy recognise partners for successful credit guarantee scheme (WAM 07/05/2023)
Hosting of the inaugural World Padel League set to boost Dubai’s status as a global sporting destination (WAM 07/05/2023)
Abu Dhabi accounts for 14% of global IPOs in Q1 of 2023 (The National 07/05/2023)
UAE Cyber Security Council successfully confronts all cyber attacks targeting country Emirates bracing for summer travel surge (WAM 06/05/2023)
UAE Cybersecurity Council warns public and private sectors against cyber attacks (WAM 06/05/2023)
flydubai expands its network in Poland to three destinations (WAM 06/05/2023)
AI expected to shake up Middle East's technology ecosystem (The National 06/05/2023)
Dubai records AED10.4b in weekly real estate transactions (WAM 05/05/2023)
ADX roadshow in New York with J.P. Morgan reinforces strong demand for Abu Dhabi securities (WAM 05/05/2023)
EWEC and Tadweer received proposals for the development of Waste-to-Energy Project (WAM 05/05/2023)
INDEX Conferences to probe technology’s impact on design & retail leadership (WAM 05/05/2023)
ADEK launches 'National Identity Mark' in emirate’s private schools (WAM 05/05/2023)
Ministry of Tolerance to host conference on role of tolerance, coexistence in achieving economic (WAM 05/05/2023)
Middle East natural gas output to rise more than 19% by 2030, Wood Mackenzie says (The National 05/05/2023)
Azizi Developments to invest $16bn in new hotels and resorts (The National 05/05/2023)
A guide to Abu Dhabi's 11 top ranked private schools (The National 05/05/2023)
Admission numbers soar at Dubai's Chinese curriculum school (The National 05/05/2023)
Dubai tourism officials upbeat on growth prospects (The National 05/05/2023)
Brits, Russians top Dubai real estate buyers for April 2023 (Arabian Business 05/05/2023)
Two consortia in the fray for greenfield Abu Dhabi Waste-to-Energy project (Arabian Business 05/05/2023)
Dubai announces new AI platform to monitor e-scooters, bicycles (Arabian Business 05/05/2023)
UAE real estate is booming: Here’s why (Arabian Business 05/05/2023)
UAE ‘ahead of the curve’ in crypto, digital asset regulation, experts say (Arabian Business 05/05/2023)
Emirates and Etihad announce interline expansion, offering better itinerary options to boost UAE tourism (WAM 04/05/2023)
World Utilities Congress 2023 to galvanise the utilities sector’s response to net-zero ahead of COP28 (WAM 04/05/2023)
AD Ports Group to expand Khalifa Port with drydock services (WAM 04/05/2023)
RAK Police inaugurates platform for advanced drones for aerial photography (WAM 04/05/2023)
Mohammed bin Rashid Solar Park enhances UAE's stature as renewable energy pioneer (WAM 04/05/2023)
RTA launches integrated platform for monitoring and managing soft mobility means through EC3 (WAM 04/05/2023)
'Journal of Judiciary and Law' enriches legal debate on AI-Based Systems and Metaverse (WAM 04/05/2023)
UAE government launches 'Machines can See' Summit visualising future of Artificial Intelligence (WAM 04/05/2023)
Etihad Airways to triple passenger numbers by 2030, CEO says (The National 04/05/2023)
UAE could achieve 7% economic growth this year, minister says (The National 04/05/2023)
UAE tech leaders say AI gives us 'superhuman' powers but call for responsible use (The National 04/05/2023)
Dubai Metro: Timings, fines, nol card types, all you need to know (Arabian Business 04/05/2023)
CBUAE raises base rate at 25 basis points (WAM 03/05/2023)
UAE deters up to 50,000 cyberattacks per day: Mohammed Al Kuwaiti (WAM 03/05/2023)
AED493.5m worth of Amanat shares traded in two major direct deals: DFM (WAM 03/05/2023)
Department of Culture and Tourism – Abu Dhabi collaborates with major hotel chain to boost summer tourism (WAM 03/05/2023)
UAE Cyber Security Council and Oracle sign agreement to promote cooperation in cybersecurity (WAM 03/05/2023)
UAE Minister of Climate Change and Environment highlights importance of adaptation and resilience building (WAM 03/05/2023)
ADDED Chairman credits Abu Dhabi's prosperity to continuous evolution, diversified economy, and sustainable growth (WAM 03/05/2023)
UAE increases ranking in UN’s Frontier Technologies Readiness Index (WAM 03/05/2023)
Registration for training on designing integrated solar PV panels opened (WAM 03/05/2023)
Abu Dhabi real estate sector witnesses 147% increase in Q1 2023 with AED27.9b in transactions (WAM 03/05/2023)
Dubai Chambers launches advisory committee to ensure sustainable growth of family businesses (WAM 03/05/2023)
Mena oil-exporting economies to remain resilient on non-oil growth momentum, IMF says (The National 03/05/2023)
How to enrol your child in school in the UAE (The National 03/05/2023)
Boon for Arab world's largest economies as non-oil sectors improve further (The National 03/05/2023)
Dubai FinTech Summit eyes $305b market (Arabian Business 03/05/2023)
UAE, Saudi Arabia to launch ‘Schengen-style Visa’ for tourists (Arabian Business 03/05/2023)
UAE unemployment insurance for freezone employees: How to apply (Arabian Business 03/05/2023)
Food Tech Valley project to triple Dubai’s food production (WAM 02/05/2023)
ADJD discusses legal frameworks to protect environment, combat climate change (WAM 02/05/2023)
Low-Carbon LNG growth project to proceed in Al Ruwais Industrial City (WAM 02/05/2023)
UAE airports experience 56.3% growth in Q1 with 31.8m passengers (WAM 02/05/2023)
QCC carries out inspections on over 26,000 products in Abu Dhabi (WAM 02/05/2023)
Adnoc to build new low-carbon LNG plant in Ruwais (The National 02/05/2023)
UAE corporate tax 2023 deadline looms: Everything you need to know (Arabian Business 02/05/2023)
ADNOC announces new Hail and Ghasha project tenders (Arabian Business 02/05/2023)
UAE public holidays 2023: Upcoming dates revealed (Arabian Business 02/05/2023)
Doordarshan-WAM joint documentary highlights ‘highly successful’ UAE-India CEPA (WAM 01/05/2023)
Dubai saw 4.67m visitors stay overnight in Q1 2023, on track to becoming a top destination (WAM 01/05/2023)
ADNOC Gas signs three-year LNG supply agreement with TotalEnergies Gas and Power (WAM 01/05/2023)
Etihad Cargo expands Chinese network with introduction of fourth gateway destination (WAM 01/05/2023)
AD Ports Group announces purchase of vessels following strategic agreements (WAM 01/05/2023)
DCD encourages Abu Dhabi social care professionals to obtain official licences (WAM 01/05/2023)
Global Village sets new audience record with 9 million guest visits during Season 27 (WAM 01/05/2023)
UAE Government shares experience in improving skills and developing digital infrastructure (WAM 01/05/2023)
EAD leads initiatives in combating climate change (WAM 01/05/2023)
Dubai Maritime Authority issues new directive designed to enhance transparency of local sea container charges (WAM 01/05/2023)
Abu Dhabi still Mena's smartest city as digital transformation continues (The National 01/05/2023)
ATM 2023: Dubai aims to exceed pre-Covid tourism levels this year as Q1 visitors rise 17% (The National 01/05/2023)
Dubai villas and apartments record strong capital gains in first quarter (The National 01/05/2023)
BitOasis secures broker-dealer licence from Dubai virtual asset authority (The National 01/05/2023)
Abu Dhabi to host UAE Climate Tech forum (The National 01/05/2023)
Vice President sets out UAE's tourism goals (The National 01/05/2023)
Corporate tax to help cut UAE’s fiscal breakeven oil price (Khaleej Times 01/05/2023)
How to rapidly decarbonise the UAE’s industrial sector (Arabian Business 01/05/2023)
ADNOC cancels contracts for massive Hail and Ghasha project (Arabian Business 01/05/2023)
UAE Mergers & Acquisitions news
Emirates International Investment Company acquires additional 7.6% interest in Abu Dhabi Islamic Bank (WAM 04/05/2023)
e& enterprise to acquire majority stake in Beehive (WAM 04/05/2023)
Mubadala to invest US$500m in U.S. broadband company Brightspeed, alongside Apollo Funds (WAM 02/05/2023)
Dubai’s Jumeirah Group plans more acquisitions amid global expansion (The National 01/05/2023)
UAE Financial Results
Alpha Dhabi's growth strategy powers AED7.3b net profit growth (WAM 05/05/2023)
Empower reports AED494m Q1 2023 Revenues with a growth of 6.0% (WAM 05/05/2023)
Americana's first-quarter net profit softens but revenue rises (The National 04/05/2023)
EITC's Q1 shows strong performance with 19.1% profit increase (WAM 03/05/2023)
Emirates Metrology Institute releases 2023 first quarter achievements (WAM 03/05/2023)
TECOM Group ’s Q1 2023 net profit grows 34% to AED255m (WAM 03/05/2023)
Aldar posts 22% YoY increase in Q1 net profit with record quarterly development sales of AED4.5b (WAM 03/05/2023)
e& reports consolidated revenue of AED13b in Q1 2023 (WAM 03/05/2023)
Du's first-quarter net profit jumps 19% on higher revenue (The National 03/05/2023)
Multiply Group reports net profit of AED266m for Q1 2023 (WAM 02/05/2023)
UAE bilateral trade news
ADFD finances sustainable water project in Mauritanian city of Kiffa with AED110m (WAM 08/05/2023)
President Sheikh Mohamed speaks to Syria's Bashar Al Assad (The National 08/05/2023)
Abu Dhabi's Khazna to open $250m data centre in Egypt (The National 08/05/2023)
Mohamed Al Hammadi elected Chairman of Board of Directors of World Nuclear Association (WAM 07/05/2023)
ENEC signs Memorandums of Understanding with key Chinese nuclear energy organisations during delegation visit to China (WAM 07/05/2023)
UAE-Iran Business Council holds inaugural meeting in Tehran (WAM 07/05/2023)
UAE granted Dialogue Partner Status in Shanghai Cooperation Organisation (WAM 06/05/2023)
Mansour bin Zayed attends official reception hosted by King Charles at Buckingham Palace (WAM 06/05/2023)
Abu Dhabi’s House of Artisans to feature in London Design Biennale 2023 (Abu Dhabi Media Office 06/05/2023)
UAE, US explore investment opportunities with focus on clean tech start ups (WAM 05/05/2023)
UAE celebrates first anniversary of UAE-India CEPA at AIM Global 2023 (WAM 05/05/2023)
Reem Al Hashimy visits Australia to further enhance and promote bilateral relations (WAM 05/05/2023)
Mansour bin Zayed meets British Foreign Secretary James Cleverly (WAM 05/05/2023)
UAE and Japan discuss strengthening comprehensive strategic partnership (WAM 05/05/2023)
UAE-Lithuania Business Forum concludes with agreement to set up Business Council (WAM 04/05/2023)
Dubai-Mozambique Business Forum underscores mutual investment and trade opportunities (WAM 04/05/2023)
Ministry of Economy launches survey to assess impact of UAE-India CEPA (WAM 04/05/2023)
DMCC pitches UAE-UK bilateral trade to business leaders in London (WAM 04/05/2023)
WAM, Vietnamese counterpart sign MoU to enhance media cooperation (WAM 04/05/2023)
Saqr Ghobash, Azeri Ambassador discuss strengthening bilateral relations (WAM 04/05/2023)
Rotana group considering franchise opportunities in Europe (The National 04/05/2023)
Department of Energy Abu Dhabi to regulate trade of petroleum products in the emirate (Abu Dhabi Media Office 04/05/2023)
DCT Abu Dhabi, Jordan Tourism Board sign MoU to strengthen partnership (WAM 03/05/2023)
UAE delegation explores bilateral opportunities at SelectUSA Investment Summit (WAM 03/05/2023)
UAE President and Vice President of Vietnam discuss bilateral relations
MoFAIC receives credentials copy from the new United Kingdom Ambassa (WAM 03/05/2023)dor to the UAE
Reem Al Hashimy visits New Zealand to enhance bilateral cooperation in economic, trade, and cultural fields (WAM 03/05/2023)
UAE President sends written letter to King of Jordan containing invitation to attend COP28 (WAM 03/05/2023)
Profit at Dubai plane leasing company DAE up 48% (The National 03/05/2023)
Mariam Almheiri showcases UAE's ambitious vision and efforts to enhance global climate action during 'Petersburg Climate Dialogue' in Germany (WAM 02/05/2023)
India’s exports to UAE expects surge to $50b by 2026-2027 (Arabian Business 02/05/2023)
UAE, China cooperation in addressing climate change an example to be followed: CCTV (WAM 01/05/2023)
Abu Dhabi named smartest city in MENA Region and 13th globally (WAM 01/05/2023)
UAE President sends written letter including invitation to COP28 to President of Cape Verde (WAM 01/05/2023)
Saif bin Zayed receives Curaçao PM (WAM 01/05/2023)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
