Jenny Hunt
UAE Weekly Business News 08/05/23
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.
Don't miss it
The UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically.
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)
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)
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
Arabian Travel Market 2023 sees 29% year-on-year growth in attendees (WAM 08/05/2023)
ADJD adopts Smart Judicial Decision system in criminal courts (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)
Abu Dhabi accounts for 14% of global IPOs in Q1 of 2023 (The National 07/05/2023)
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)
ADEK launches 'National Identity Mark' in emirate’s private schools (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)
AD Ports Group to expand Khalifa Port with drydock services (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)
UAE increases ranking in UN’s Frontier Technologies Readiness Index (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)
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)
EAD leads initiatives in combating climate change (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
e& enterprise to acquire majority stake in Beehive (WAM 04/05/2023)
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)
TECOM Group ’s Q1 2023 net profit grows 34% to AED255m (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
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)
UAE-Iran Business Council holds inaugural meeting in Tehran (WAM 07/05/2023)
Abu Dhabi’s House of Artisans to feature in London Design Biennale 2023 (Abu Dhabi Media Office 06/05/2023)
Mansour bin Zayed meets British Foreign Secretary James Cleverly (WAM 05/05/2023)
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)
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)
Profit at Dubai plane leasing company DAE up 48% (The National 03/05/2023)
India’s exports to UAE expects surge to $50b by 2026-2027 (Arabian Business 02/05/2023)
Abu Dhabi named smartest city in MENA Region and 13th globally (WAM 01/05/2023)
Saif bin Zayed receives Curaçao PM (WAM 01/05/2023)
If you find this resource informative and helpful,
please show your appreciation by clicking the ❤️ at the bottom of this page.
Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East