UAE Weekly Business News 11/03/24

RAMADAN KAREEM.

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UAE Weekly Business News issue 179 published 11th March 2024.

UAE FREE ZONE NEWS

• Jafza reports 28% year-on-year growth in new Indian companies (WAM 11/03/2024)

• ADGM, Kigali International Financial Centre forge strategic partnership (WAM 11/03/2024)

• DMCC registers 2,692 new companies in 2023 (WAM 11/03/2024)

• UAE boards embrace diversity as women, global experts gain more seats, says top DIFC exec (Arabian Business 11/03/2024)

• Dubai Free Zones Council discusses Free Zones Model 2030 (WAM 10/03/2024)

• RAKEZ supports growth of over 21,000 companies from 100 countries (WAM 08/03/2024)

• Infini Capital establishes strategic presence in EMEA region with Abu Dhabi Office (WAM 07/03/2024)

• ADGM publishes consultation paper on Comprehensive Whistleblowing Framework (WAM 07/03/2024)

• ADGM adds 447 firms with assets under management up 35% (The National 07/03/2024)

• DMCC launches Sustainability Hub with unique member benefits to drive global ESG impact (WAM 06/03/2024)

• ADGM secures Abu Dhabi's position as region’s fastest-growing IFC for second consecutive year (WAM 06/03/2024)

• ADGM hosts its first community event on Al Reem Island (WAM 05/03/2024)

• DMCC, World Gold Council forge strategic alliance to advance gold industry in UAE (WAM 05/03/2024)

• DMCC embarks on fresh round of investor initiatives to woo Chinese businesses (Arabian Business 05/03/2024)

UAE VISA NEWS (inc. employment, Emiratisation, training, women)

• ADGM Academy signs 3 partnerships in healthcare to support national cadres (WAM 11/03/2024)

• Women returning to work could add $385b to nine Mena economies (The National 11/03/2024)

• Dubai’s hiring shows the fastest surge in nearly nine years (Khaleej Times 10/03/2024)

• 'Can I resign from my job while still on probation?' (The National 10/03/2024)

• UAE jobs: Apple hiring for multiple positions (Khaleej Times 09/03/2024)

• MoHRE urges private companies to take caution, necessary measures during weather fluctuations (WAM 08/03/2024)

• Abu Dhabi Centre for Technical and Vocational Education and Training’s apprenticeship programme supporting students’ skills development (Abu Dhabi Media Office 08/03/2024)

• Female Emirati forklift driver on inspiring women to overcome challenges (The National 08/03/2024)

• Female CEOs in UAE share paths to building successful businesses (The National 08/03/2024)

• Inside Dubai’s exclusive Pink Taxis keeping women and families safe for 17 years (Arabian Business 08/03/2024)

• Bodour Al Qasimi highlights need for investing in women for brighter future (WAM 07/03/2024)

• DGHR launches 'Future Proofing Dubai’s Workforce' project (WAM 07/03/2024)

• UAE champions women's empowerment on International Women's Day (WAM 07/03/2024)

• MBZUAI highlights five female leaders in AI to mark International Women’s Day (WAM 06/03/2024)

• UAE government launches ‘Work Bundle’ to facilitate work permits, residency procedures in private sector (WAM 06/03/2024)

• UAE ranks fifth globally in IPU’s latest 'Women in Parliament 2023' report (WAM 06/03/2024)

• Work Bundle now available to 275,000 companies in Dubai (Arabian Business 06/03/2024) 

• Starbucks Middle East operator AlShaya to lay off 2,000 staff amid boycott impacts (Arabian Business 06/03/2024) 

• Dubai Land Department, Property Finder, Bayut, Dubizzle collaborate to empower local talent in real estate sector (WAM 05/03/2024)

• My Dubai Salary: ‘I earn about Dh300 a day in insurance’ (The National 05/03/2024)

• Ministry of Economy, EWA launch acceleration programme for women-led startups in UAE (Arabian Business 05/03/2024)

• Emirati Real Estate Day provides 300 jobs in participation with 53 companies (Arabian Business 05/03/2024)

• Mansour bin Zayed chairs Emirati Talent Competitiveness Council Board meeting; approves AED6.4b in estimated budget for Nafis in 2024 (WAM 04/03/2024)

• Two working hours reduction during Ramadan for private sector employees (WAM 04/03/2024)

• Private sector citizen registrations tripled since 2021 (WAM 04/03/2024)

UAE Business and Economy News

• EWEC conducts Q1 2024 Clean Energy Certificates Auction (WAM 11/03/2024)

• Abu Dhabi Police implement new traffic regulations for trucks, large worker buses during Ramadan (WAM 11/03/2024)

• Abu Dhabi launches comprehensive global investment strategy on artificial intelligence (WAM 11/03/2024)

• Abu Dhabi Centre for Projects and Infrastructure announces launch of projects worth AED66b across emirate in 2024 (Abu Dhabi Media Office 11/03/2024)

• Rabdan Academy partners with INTRA Defense Technologies to advance capabilities of defence and security personnel and services (Abu Dhabi Media Office11/03/2024)

• Dubai's non-oil economic activity grows at fastest rate since 2019 (The National 11/03/2024)

• Cyber attacks remain a concern for UAE businesses (Khaleej Times 11/03/2024)

• Dubai: New Air Arabia city check-in facility opened (Khaleej Times 11/03/2024)

• UAE, Saudi economies to reap benefits of diversification (Khaleej Times 11/03/2024)

• Global investors see compelling case for GCC investment (Khaleej Times 11/03/2024)

• Dubai real estate prices to increase up to 7% this year after bumper transactions of $117b in 2023 (Arabian Business 11/03/2024)

• Dubai real estate: Rental price growth to stabilise as 20,000 new properties to hit the market in 2024 (Arabian Business 11/03/2024)

• UAE Embassy, Mohammed Bin Rashid Space Centre, UAE Space Agency, NASA celebrate growing collaboration to expand human space exploration (WAM 10/03/2024)

• Al Owais commends spirit of responsibility, dedication of Emirati Doctors (WAM 10/03/2024)

• Dubai Health Authority launches 'Dubai Disaster Medicine Programme' (WAM 10/03/2024)

• Abu Dhabi Agriculture and Food Safety Authority identifies plant and animal activities for engaging in economic activities on farms (Abu Dhabi Media Office 10/03/2024)

• Borouge's $6.2b petrochemicals project 'on track' for 2025 finish (The National 10/03/2024)

• Sharjah business licences growth shows strong expansion (Khaleej Times 10/03/2024)

• UAE smart home market to grow at more than 10% a year (Khaleej Times 10/03/2024)

• Dubai property prices to increase up to 14% in 2024, says Binghatti CEO (Khaleej Times 10/03/2024)

• UAE announces Ramadan 2024 (Arabian Business 10/03/2024)

• UAE welcomes Ramadan with full preparedness and diverse festivities (WAM 09/03/2024)

• UAE President issues a number of federal decrees (WAM 09/03/2024)

• Dubai announces Metro, public parking and bus timetables for Ramadan 2024 (WAM 09/03/2024)

• Abu Dhabi Entertainment Company to enhance sports facilities (WAM 08/03/2024)

• Etihad Airways boosts its services between Abu Dhabi to Rome (WAM 08/03/2024)

• Abu Dhabi, Slovak Republic sign MoU to strengthen economic cooperation (WAM 08/03/2024)

• Brand Dubai launches ‘Ramadan Events in Dubai’ guide (WAM 08/03/2024)

• Technology Innovation Institute unveils Abu Dhabi quantum optical ground station for ultra-secure global communications (WAM 08/03/2024)

• Tawazun Council seals strategic partnership for development of National Combat Management System for UAE Navy (WAM 08/03/2024)

• Ministry of Economy new mechanism to enhance protection of IPRs for creative works on digital platforms (WAM 08/03/2024)

• M42 launches dedicated women’s preventive health clinic Laha Wellness Hub (Abu Dhabi Media Office 08/03/2024)

• Why it's important to check your UAE credit score every year (The National 08/03/2024)

• Four financial mistakes to avoid as a freelancer (The National 08/03/2024)

• Abu Dhabi to play larger role in space communications with new telescope (The National 08/03/2024)

• International Women’s Day to drive 230% spike in UAE online gift orders this year (Arabian Business 08/03/2024)

• Hamdan Bin Zayed launches Plant Genetic Resources Centre (WAM 07/03/2024)

• UAE Ministry of Defence, Masdar sign partnership agreement to develop multi-solar plants across Abu Dhabi (WAM 07/03/2024)

• EWEC invites EOI submissions for development of battery energy storage system (WAM 07/03/2024)

• Sustainable City launches new IMMERSEE destination (WAM 07/03/2024)

• Dubai Centre for Artificial Intelligence convenes representatives from 33 Dubai government entities to foster collaboration (WAM 07/03/2024)

• Ministry of Economy organises forum to discuss significant of ‘Trade through Modern Technology Act' (WAM 07/03/2024)

• UAE's first Financial and Insurance Ombudsman 'Sanadak' launched (WAM 07/03/2024)

• Dubai Derma 2024 sees business deals of AED2.4b (WAM 07/03/2024)

• Ministry of Health and Prevention boosts medical staff expertise in cancer detection (WAM 07/03/2024)

• Hazza bin Zayed issues resolution appointing Mohammed bin Hamdan bin Zayed as Under-Secretary for office of Deputy Ruler of Abu Dhabi (WAM 07/03/2024)

• Mohammed bin Rashid Aerospace hub, Tim Aerospace break ground on one of region’s largest MRO hangars (WAM 07/03/2024)

• Brand Dubai launches a new #DubaiDestinations guide (Government of Dubai Media Office 07/03/2024)

• Middle East airline traffic up over 16% as 2024 starts on a high (Arabian Business 07/03/2024)

• Etihad CEO: ‘My planes are more full than Wizz Air Abu Dhabi, Air Arabia Abu Dhabi, Emirates and Qatar Airways’ (Arabian Business 07/03/2024)

• Ministry of Community Development enhances awareness of Fundraising Regulatory Law (WAM 06/03/2024)

• Emirates Health Services launches new version of Digital Partnership System (WAM 06/03/2024)

• MRO Middle East, AIME 2024 conclude, logging 8,000+ attendees (WAM 06/03/2024)

• Ministry of Economy to strengthen pricing regulations, protect consumer rights during Ramadan 2024 (WAM 06/03/2024)

• Dubai Chambers, DP World partner to enhance Dubai’s competitiveness in global investment (WAM 06/03/2024)

• Etihad Airways revenue hits AED20.3b in 2023 (WAM 06/03/2024)

• DHA highlights investment opportunities, licencing services at Dubai Derma 2024 (WAM 06/03/2024)

• UAE astronauts Al Matrooshi, Al Mulla graduate from NASA training programme (WAM 06/03/2024)

• Sanad expands customer base with ‘Deucalion Aviation’ for Trent 700 maintenance (WAM 06/03/2024)

• DFF launches ‘The Global 50’ report to design future of governments, economies, vital sectors (WAM 06/03/2024)

• Etihad Airways boss unhappy about Boeing delivery delays (The National 06/03/2024)

• UAE shops banned from raising prices of key items during Ramadan (The National 06/03/2024)

• First Tesla Cybertruck for sale online in Dubai (The National 0/03/2024)

• UAE yacht builder on creating 'floating villas' for the rich (The National 06/03/2024)

• Planned Gulf real estate project value rises to $1.7tn; analysts identify trends and opportunities for investors in 2024 (Arabian Business 06/03/2024)

• Realising UAE Net Zero 2050 will push GDP to $1t, says Green Future Project boss (Arabian Business 06/03/2024)

• UAE cities Hatta, Al Ain lead the pack for pet-friendly vacation spots in the Middle East (Arabian Business 06/03/2024)

• UAE online shopping market to hit $17b by 2025 as metaverse e-commerce, quick commerce take hold (Arabian Business 06/03/2024)

• UAE residents want to spend more to travel as demand increases for luxury, eco-friendly tourism  (WAM 06/03/2024)

• FIATA-RAME Field Meeting & Conference opens in Dubai discussing strategies to build resilient supply chain ecosystem (WAM 05/03/2024)

• Dubai WoodShow 2024 unveils latest industry trends, investment opportunities (WAM 05/03/2024)

• Dubai Mall most visited place on earth with 105 million visitors in 2023 (WAM 05/03/2024)

• UAE Cyber Security Council, ITU to collaborate on capacity development (WAM 05/03/2024)

• Abu Dhabi launches third annual Forbes 30/50 Summit on International Women's Day (WAM 05/03/2024)

• TDRA hosts inaugural ITU acceleration centers meeting (WAM 05/03/2024)

• FANR to continue launching nuclear security, radiation safety initiatives in 2024 (WAM 05/03/2024)

• Intersec 2025 officially announced after welcoming 47,500 visitors in 2024 (WAM 05/03/2024)

• Dubai to host Future Festival 2024: A revolutionary summit spotlighting innovation- and AI-driven trends (WAM 05/03/2024)

• $500m in value generated by ADNOC through deployment of AI solutions in 2023 (WAM 05/03/2024)

• Dubai companies to start 3D-printing homes next year (The National 05/03/2024)

• Dubai real estate: Branded residences set for 410% increase as investors eye jewellery and motoring-themed property boom (Arabian Business 05/03/2024)

• Aramex launches electric bikes for deliveries in UAE (Arabian Business 05/03/2024)

• UAE Cyber Security Council launches 'National Campaign for Cybersecurity' (WAM 04/03/2024)

• Abu Dhabi Investment Office, Idris Elba forge Strategic Alliance on Food and Water (WAM 04/03/2024)

• Hamdan bin Mohammed launches ‘Dubai Farms’ programme to support Emirati farmers (WAM 04/03/2024)

• Dubai Taxi records 8% growth in trips between 2022-2023 (WAM 04/03/2024)

• Multiply Group's Viola Communications inks 10-year partnership with ADNOC (WAM 04/03/2024)

• Airbus forecasts Middle East’s commercial aircraft services market value to double to $28 bn by 2042 (WAM 04/03/2024)

• Dubai real estate sales soar to $10b in February, top neighbourhoods and property types revealed (Arabian Business 04/03/2024) 
  

UAE Financial News

• ADJD discusses virtual currency regulations, risks (WAM 11/03/2024)

• UAE financial system more secure and efficient than ever before (WAM 11/03/2024)

• Retiring in Dubai: How much do you need to save to retire comfortably? (Arabian Business 11/03/2024)

• Mohammed bin Faisal bin Sultan Al Qassimi elected as Chairman for United Arab Bank (WAM 10/03/2024)

• FTA approves 27,330 refund requests totalling AED2.02b for UAE nationals building new residences until 2023 (WAM 10/03/2024)

• First digital payment platform for UAE tenants and landlords launched (Khaleej Times 10/03/2024)

• Dubai’s new tax law on foreign banks expected to help lenders (The National 09/03/2024)

• Dubai's assets in endowment sector reach AED10.3b, further strengthing its leadership (WAM 08/03/2024)

• FAB and Mastercard join hands to disrupt digital payment in the region (Arabian Business 08/03/2024)

• Mohammed bin Rashid issues Law on taxation of foreign banks in Dubai (WAM 07/03/2024)

• Nasdaq Dubai welcomes $300m debut sukuk listing by Binghatti Holding (WAM 07/03/2024)

• Burjeel Holdings net profit increased by 52.4% to AED540m in 2023 (WAM 07/03/2024)

• Dubai issues law imposing 20% annual tax on foreign banks (The National 07/03/2024)

• UAE's new digital law to cover all forms of payments, transactions (Khaleej Times 07/03/2024)

• UAE's AMLCTF Executive Office, Dubai Police enhance joint forces to combat financial crimes (WAM 06/03/2024)

• UAEFTS sees transactions top AED17t in 2023 (WAM 06/03/2024)

• Etihad preparing to be IPO-ready and expects to beat 2023 profit, CEO says (WAM 06/03/2024)

• Drake & Scull to resume trading of its shares on DFM after more than five years (The National 06/03/2024)

• EGA logs AED3.4b in net profit, highest-ever production from mining to metal (WAM 05/03/2024)

• Yahsat reports strongest-ever financial results for 2023 (WAM 05/03/2024)

• CBUAE issues monetary and banking developments - December 2023 (WAM 05/03/2024)

• Total green bond issuances in region reached $6.8 billion by October 2023: AMF (WAM 05/03/2024)

• Parkin begins subscription period for IPO, sets price range between AED2-2.1 (WAM 05/03/2024)

• GPSSA explains rules for calculating contributions following applicable law (WAM 05/03/2024)

• UAE corporate tax: Why it’s important to take note of new deadlines (The National 04/03/2024)

• UAE Government assets hit $132b as economy flourishes amid new laws and legislations (Arabian Business 04/03/2024)
  

UAE Mergers & Acquisitions News

• Mubadala, Bpifrance invest in Partech Africa II (WAM 06/03/2024)

• PureHealth completes integration of Sheikh Shakhbout Medical City (Abu Dhabi Media Office 05/03/2024)

UAE Bilateral Trade News

• Alba and EGA sign Technology Service Agreement for Bahraini company’s Reduction Line 6 (WAM 11/03/2024)

• Investopia strengthens UAE-Korea economic partnership in venture investments, entrepreneurship, startups (WAM 11/03/2024)

• UAE-CREF begins operating hurricane-resistant power plant on Antigua and Barbuda (WAM 11/03/2024)

• Brazil-Emirates Conference to deepen bilateral trade, investments in high-growth sectors (WAM 11/03/2024)

• ADFD-funded veterinary educational hospital inaugurated in Jordan (WAM 11/03/2024)

• UK firm plans to transform UAE deserts into hills of wheat and maize (The National 11/03/2024)

• UAE, Greece discuss economic relations within Comprehensive Strategic Partnership framework (WAM 10/03/2024)

• President of UAE receives written message from Prime Minister of Bangladesh (WAM 08/03/2024)

• UAE, Rwanda hold first Joint Economic Committee to enhance cooperation in industry, energy, education, space technology (WAM 08/03/2024)

• China-Middle East cooperation to power green energy transition (WAM 08/03/2024)

• Abu Dhabi Department of Economic Development partners with Slovakia’s Ministry of Economy to enhance cross-sectoral development (Abu Dhabi Media Office 08/03/2024)

• Abu Dhabi's G42 teams up with EcoCloud for green data centre in Kenya (Abu Dhabi Media Office 08/03/2024)

• Shurooq showcases its approach to hospitality projects in ITB Berlin (WAM 07/03/2024)

• AD Ports Group welcomes Iraqi delegation to discuss strategic transport and logistics projects (WAM 07/03/2024)

• Saqr Ghobash receives former Austrian President, stresses UAE's keenness on developing bilateral relations (WAM 07/03/2024)

• Saqr Ghobash, Maltese Ambassador discuss enhancing bilateral ties (WAM 07/03/2024)

• Ahmed bin Mohammed meets with the French ambassador to the UAE (WAM 07/03/2024)

• Abu Dhabi-Japan Economic Council supports energy transition, sustainable development (WAM 07/03/2024)

• Mohamed Al Hussaini meets with Deputy Secretary-General of United Nations (WAM 07/03/2024)

• UAE, Switzerland explore advancing trade and investment relations (WAM 07/03/2024)

• UK minister to visit UAE to boost ties with space industry (The National 07/03/2024)

• UAE market is rich in opportunities for companies operating in aviation sector: Business France (WAM 06/03/2024)

• UAE and Sierra Leone Presidents discuss bilateral relations (WAM 06/03/2024)

• Emirati Genome Programme announces collaboration with Saudi German Health (WAM 06/03/2024)

• UAE-Kuwait trade exchange hits AED317b in ten-years (WAM 05/03/2024)

• Abdullah bin Zayed, Romanian counterpart discuss bilateral ties (WAM 05/03/2024)

• UAE President bestows Order of Zayed upon Emir of Kuwait and is awarded Order of Mubarak the Great (WAM 05/03/2024) 

• CEPA with UAE helps Costa Rica expand its footprint in Middle East (WAM 05/03/2024)

• UAE President and Emir of Kuwait discuss bilateral relations (WAM 05/03/2024)

• UAE and Kuwait: A solid and sustainable strategic partnership (WAM 05/03/2024)

• UAE Ambassador attends inauguration ceremony for President of Finland (WAM 05/03/2024)

• Dubai podcast company Poddster launches first international studio in Singapore (Arabian Business 05/03/2024)

• AIM Congress 2024 concludes successful promotional tour in Latin America (WAM 04/03/2024)

• Dubai Chamber's 'In Focus' drives business expansion into Morocco, Senegal (WAM 04/03/2024)

• FCCI discusses establishment of joint business council with Latvia (WAM 04/03/2024)

• EDGE Group partners with Spain's technology leader Indra to enter global advanced radar domain (WAM 04/03/2024)

• Ireland wants to become gateway for UAE to Europe (WAM 04/03/2024)
  

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Written by Jenny Hunt

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

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