UAE Weekly Business News 10/10/22

Gateway Group's UAE Weekly Business News. Abu Dhabi and Dubai trade, investment 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 107. 10th October 2022.

Abu Dhabi and Dubai trade license, employment and visa-related news headlines

• ‘Can my employer halve my salary to cover accidental damage?' (The National 09/10/2022)

• OneConnect Financial Technology launches Middle East footprint in Abu Dhabi Global Market (WAM 07/10/2022)

• UAE lifts three-year cap on private sector job contracts (The National 07/10/2022)

• All you need to know about the UAE's new jobseeker visa (The National 06/10/2022)

• DFSA fines KPMG LLP and former principal over shortcomings in Abraaj unit audits (The National 03/10/2022)

• Most UAE employees keen to learn new skills for better career prospects (The National 03/10/2022)

• UAE new visa rules: influx of jobseekers and more freelance roles predicted (The National 03/10/2022)

UAE bilateral trade news headlines

• Abu Dhabi Chamber receives high-level Chinese delegation, explores cooperation (WAM 07/10/2022)

• Lord Mayor of the City of London keen to strengthen UAE- UK ties in financial and professional services (WAM 04/10/2022)

UAE business and economy-related news headlines

• ADNOC Drilling awarded $1.53 billion contract to support expansion of ADNOC’s offshore operations (WAM 10/10/2022)

• ISNR Abu Dhabi 2022 kicks off today (WAM 10/10/2022)

• UAE ministry partners Engie subsidiary to develop clean energy projects (The National 10/10/2022)

• Burjeel shares surge on Abu Dhabi Securities Exchange debut (The National 10/10/2022)

• World Mental Health Day: how to access free support in the UAE (The National 10/10/2022)

• Gitex 2022: tech at the top of Dubai's priorities, says Sheikh Mohammed bin Rashid (The National 10/10/2022)

• DAFZ records 36% year-on-year increase in non-oil trade in 2021 (WAM 09/10/2022)

• WAM produces documentary titled ‘The UAE's Economy: Home of Opportunities’ in 12 languages (WAM 09/10/2022)

• ENEC, UAE Cyber Security Council sign MoU to enhance cyber-resilience in energy industry (WAM 09/10/2022)

• Revamp of Dubai public beaches 'to be finished by December' (The National 09/10/2022)

• Dubai’s driverless taxis on show at Gitex before 2023 launch (The National 09/10/2022)

• Emirates Auction and Emirates Parkings showcase flagship projects and innovative digital services at GITEX 2022 (WAM 08/10/2022)

• ADNEC Group signs agreement with MICCO Logistics in collaboration with DB Schenker (WAM 08/10/2022)

• Venture capital funding for Mena start-ups hits $2.3b in three quarters (The National 08/10/2022)

• Dubai records over AED7.3 bn in weeklong transactions (WAM 07/10/2022)

• Islamic Development Bank raises $1.6b from Sukuk issuance (WAM 07/10/2022)

• DP World adds new trade routes to open global markets and ease supply chain congestion (WAM 07/10/2022)

• Ministry of Interior , Dubai Customs sign MoU (WAM 07/10/2022)

• RIT Dubai's innovation centre named among world’s quirkiest campuses (The National 07/10/2022)

• UAE seizes $1.29bn in assets in fight against money laundering and terrorism financing (The National 07/10/2022)

• UAE investors can 'mobilise $100b for sustainable investing' (The National 07/10/2022)

• Cop28 to be most significant climate event since Paris, says director general (The National 07/10/2022)

• UAE survey to gauge young people's attitude to climate change (The National 07/10/2022)

• ADX adds five more single stock futures to its vibrant derivatives market (WAM 06/10/2022)

• EDB reiterates commitment to UAE food security, self-reliance at Future Food Forum 2022 (WAM 06/10/2022)

• Mubadala Health, G42 Healthcare to create new entity embodying ‘The Future of Healthcare’ (WAM 06/10/2022)

• UAE ministry teams up with Cisco to boost nation's digital economy (The National 06/10/2022)

• World's biggest sovereign wealth funds tackle climate crisis (The National 06/10/2022)

• Middle East investors turn to 'factors' to offset market turmoil (The National 06/10/2022)

• Dubai's off-plan and secondary property sales at 12-year high (The National 06/10/2022)

• Gates says Middle East can be key to world's renewable energy drive (The National 06/10/2022)

• Dubai Industrial City announces opening of Al Damani Electric Vehicle Manufacturing Factory (WAM 05/10/2022)

• UAE wins ICAO's Council membership for sixth consecutive time (WAM 05/10/2022)

• Dubai Chamber for Digital Economy launches new training academy to immerse digital startups in metaverse (WAM 05/10/2022)

• Maintaining investment in oil and gas critical for energy security and economic progress: Sultan Al Jaber (WAM 05/10/2022)

• Burjeel Holdings IPO receives strong demand - oversubscribed 29 times (WAM 05/10/2022)

• Mena economies set for fastest expansion since 2016 but growth is uneven, World Bank says (The National 05/10/2022)

• Government crowdfunding platform Dubai Next attracts 2,044 applicants in first year (The National 05/10/2022)

• UAE non-oil economy activity levels increase amid robust demand growth (The National 05/10/2022)

• UAE logistics market to reach $31.4b by 2026 on e-commerce boost (The National 05/10/2022)

• UAE’s clean energy capacity on track to reach 14 gigawatts by 2030 (The National 05/10/2022)

• Masdar City signs agreement with Zero Carbon Ventures in push for carbon reduction (The National 05/10/2022)

• Germany’s Siemens open to signing more EV deals with car makers in UAE (The National 05/10/2022)

• Mena region is 'world's fastest-growing cryptocurrency market' (The National 05/10/2022)

• Abu Dhabi to host first Middle East Blockchain Awards (The National 05/10/2022)

• UAE e-commerce market forecast to reach $9.2b by 2026 (WAM 04/10/2022)

• ADQ paper explores future of logistics to foster digitalised supply chain (WAM 04/10/2022)

• EDGE rebrands its secure communications capability as KATIM (WAM 04/10/2022)

• Up to $85 billion needed in investments to achieve sustainable waste management in GCC (WAM 04/10/2022)

• Adipec to address key challenges in the energy sector ahead of Cop27 (The National 04/10/2022)

• UAE taking a 'pragmatic' approach to energy transition, official says (The National 04/10/2022)

• ADCB may divest from Abu Dhabi Commercial Properties (The National 04/10/2022)

• Emirati women using traditional skills to turn passion into a business (The National 04/10/2022)

• Dubai Chamber of Commerce examines opportunities emerging in used car market (WAM 03/10/2022)

• Regional market for high tech products could be worth $125b (WAM 03/10/2022)

• GIH to list 3 companies in ADX (WAM 03/10/2022)

• UAE extends National ICV Programme to Ras Al Khaimah and Fujairah to support local companies (WAM 03/10/2022)

• Dubai court orders men to pay Dh655,000 fine for importing cigarettes without paying tax (The National 03/10/2022)

UAE Tender Opportunities

• Dewa invites international interest for phase 6 of Dubai solar park (The National 08/10/2022)

• Dubai advertises contracts to extend metro lines by more than 20km (The National 04/10/2022)

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Written by Jenny Hunt

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

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