UAE Weekly Business News 12/05/2025

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UAE Weekly Business News: Issue 238 published 12 May 2025.

UAE FREE ZONE NEWS

PTC Therapeutics launches office at Dubai Science Park (WAM 12/05/2025)

IHC launches global reinsurance platform based in ADGM with strategic partner BlackRock (WAM

SAIF Zone hosts industrial enzyme formulation production facility (WAM 07/05/2025)

DFM introduces AI insights to iVestor to simplify company disclosures, financial reporting (WAM 07/05/2025)

Brown Advisory opens Abu Dhabi office, expands $162b portfolio (Arabian Business 06/05/2025)

Dubai free zone announces 2 new business categories (Arabian Business 06/05/2025)

Jafza’s contribution to Dubai’s economy over 4 decades (WAM 05/05/2025)

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

Dubai announces UAE golden visa for nurses (Arabian Business 12/05/2025)

UAE waives residency, tourist visa fines for Sudanese until end of 2025 (Khaleej Times 10/05/2025)

GPSSA dedicates May 2025 to raise awareness on medical retirement rules, regulations (WAM 07/05/2025)

UAE BUSINESS NEWS

Dubai Chamber of Digital Economy supports establishment, expansion of 127 digital startups in Dubai during Q1 2025 (WAM 12/05/2025)

ADJD Lab's new narcotic discovery gains global registration (WAM 12/05/2025)

Honeywell announces new gas detector production line at Masdar Innovation Centre (WAM 12/05/2025)

No check-in, contactless journey: Dubai Airports chief gives a peek into the future of travel (Khaleej Times 12/05/2025)

noon, Urban Company launch home services in UAE (Arabian Business 12/05/2025)

Emirates handling around 100,000 bags a day with 99.9% ‘success rate’ (Arabian Business 12/05/2025)

Dubai’s new land law to spur strategic property market growth, boost foreign investment (Arabian Business 12/05/2025)

Dubai property sales jump 23% in April (Arabian Business 12/05/2025)

Dubai named world’s 4th smartest city (Arabian Business 12/05/2025)

‘Dubai In-Country Value Programme’ launched to boost local manufacturing (WAM 11/05/2025)

Dubai launches Shared Digital Channels Initiative, advancing integrated user-centred digital governance (WAM 11/05/2025)

21st UAE Critical Care Conference recommends enhancing cadres professional readiness (WAM 11/05/2025)

Why the GCC insurance sector must not turn away from digitalisation (Khaleej Times 11/05/2025)

Dubai’s branded residences boom sets new standards for luxury living (Khaleej Times 11/05/2025)

Dubai office rents soar amid tight supply, strong demand (Khaleej Times 11/05/2025)

Khaled bin Mohamed bin Zayed issues resolutions appointing advisors, director generals at Crown Prince Court (WAM 10/05/2025)

Instant camel grazing license launched through TAMM platform (Abu Dhabi Media Office 10/05/2025)

Dubai to build 3 new hospitals and 33 primary healthcare facilities (Arabian Business 10/05/2025)

Primark to enter Middle East market with first stores in UAE, Kuwait (Arabian Business 09/05/2025)

Yas Island celebrates announcement of Disney Theme Park Resort (WAM 08/05/2025)

UAE ranks 10th globally in Open Data Inventory report (WAM 08/05/2025)

ADCMC, DoH launch Business Continuity Management Standard for Healthcare Activities (WAM 08/05/2025)

Construction works on Al Maktoum International Airport expansion project gather pace (WAM 08/05/2025)

A.R.M. Holding, BIG-Bjarke Ingels Group unveil Jebel Ali urban project (WAM 08/05/2025)

EMSTEEL launches green finance framework to accelerate sustainable growth (WAM 08/05/2025)

Progress at Al Maktoum International Airport: contracts awarded, AI, biometric and robot services planned, 260 million PAX target (Arabian Business 08/05/2025)

Dubai International Chamber attracts 53 global companies in Q1 (WAM 07/05/2025)

DMCC awards main works contract for two towers in Uptown Dubai (WAM 07/05/2025)

UAE top destination for cybersecurity, advanced tech partnerships (WAM 07/05/2025)

ENOC Link delivers 350 million in total volume to business customers since launch (WAM 07/05/2025)

UAE launches first National Food Loss, Waste Baseline Study (WAM 07/05/2025)

Maktoum bin Mohammed meets Chairman of Kuoni and Hugentobler Foundation Council (WAM 07/05/2025)

AI usage in UAE, developed countries is nearly 100% (Khaleej Times 07/05/2025)

DDoS cyberattacks in the UAE surge 862% in five years (Khaleej Times 07/05/2025)

Dubai office rents up 45% (Arabian Business 07/05/2025)

EWEC opens Q2 2025 clean Energy Certifications Auction (WAM 06/05/2025)

Emirates expands footprint into Eastern China (WAM 06/05/2025)

dnata to expand airside fleet with 800 new units in US$110m rollout in 2025 (WAM 06/05/2025)

Museum of Future to host talks, workshops in May (WAM 06/05/2025)

Dubai consolidated its status as global hub for tourism, opportunity (WAM 06/05/2025)

Dubai Aviation Engineering Projects awards contract to Smiths Detection for advanced screening at DXB (WAM 06/05/2025)

RTA Approves New Driver Training and Licensing Facility in Hatta (Government of Dubai Media Office 06/05/2025)

UAE FINANCE AND ECONOMY NEWS

UBF highlights UAE’s leadership in financial, banking innovation (WAM 12/05/2025)

CBUAE imposes administrative, financial sanctions on five insurance brokers (WAM 12/05/2025)

Nasdaq Dubai welcomes US$500m Green Sukuk listing by OMNIYAT (WAM 12/05/2025)

ADNOC L&S plc announces $1.1m revenue for Q1 2025 (WAM 12/05/2025)

DEWA announces record quarterly revenue of AED5.9b (WAM 12/05/2025)

Dubai real estate sector recorded $5.5b of transactions last week (Arabian Business 12/05/2025)

Talabat GMV for Q1 2025 surges 30% (Arabian Business 12/05/2025)

AqlanX secures $10m investment from DoxAI to launch Arabic-first enterprise AI in Middle East (WAM 11/05/2025)

Barclays Bank initiates coverage of five ADNOC stocks (WAM 11/05/2025)

The UAE’s Islamic finance and halal strategy could boost the industry (Khaleej Times 11/05/2025)

UAE and Saudi Arabia spur surge in Mena share sales (Khaleej Times 11/05/2025)

RAK Properties reports AED370m revenue in Q1 2025 (WAM 09/05/2025)

AD Ports Group announces AED4.6b revenue in Q1 2025 (WAM 09/05/2025)

Empower reports AED540m in Q1 2025 revenue (WAM 09/05/2025)

Middle East’s first digital asset multi-strategy fund launches (Arabian Business 09/05/2025)

Emarat, Crypto.com to enable cryptocurrency payments at petrol stations (Arabian Business 09/05/2025)

Emirates Group achieves record profit of AED22.7b (WAM 08/05/2025)

Dubai Taxi Company achieves revenue of AED588.3 million in Q1 2025 (WAM 08/05/2025)

ADNOC Drilling records $341m net profit in Q1 2025 (WAM 08/05/2025)

Mubadala Investment Company reports 2024 financial results (WAM 08/05/2025)

Banking sector transfers rise to AED3.4t in Jan-Feb 2025 (WAM 08/05/2025)

Federal Tax Authority to waive penalty for late corporate tax registration (WAM 07/05/2025)

Nasdaq Dubai, AIX CSD launch direct CSD link, enabling seamless settlements, cross-border listings (WAM 07/05/2025)

UAE capital markets show growing resilience amid global volatility (WAM 07/05/2025)

ADQ prices US$2b dual-tranche bond in 3rd debt capital markets issuance (WAM 07/05/2025)

Bank of Sharjah reports Q1 2025 net profit of AED116m (WAM 07/05/2025)

Presight delivers record Q1 2025 results (WAM 07/05/2025)

Gross banks’ assets up by 1.6% to AED4,636.8b at end of February 2025 (WAM 07/05/2025)

CBUAE maintains interest rates unchanged at 4.40% (WAM 07/05/2025)

14 IPOs valued at $2.4b registered in Mena in Q1 2025 (Khaleej Times 07/05/2025)

UAE reports 94% surge in bank account ownership (Arabian Business 07/05/2025)

UAE, regional firms switch to blockchain-based cross-border payments as global trade tensions mount (Arabian Business 07/05/2025)

Dubai Chamber of Commerce members’ exports, re-exports increased by 16.8% in Q1 2025 (WAM 06/05/2025)

UAE Cabinet approves 'UAE Strategy for Islamic Finance and Halal Industry' (WAM 06/05/2025)

FTA clarifies Corporate Tax exemptions of investors in REITs (WAM 06/05/2025)

UAE's economic momentum continues, led by investment: HSBC (WAM 06/05/2025)

ADNOC successfully completes $1.5b Debut International Sukuk Issuance (WAM 06/05/2025)

Arab Authority for Agricultural Investment and Development invests $664m in 45 firms (WAM 06/05/2025)

ADNOC Distribution reports $174m net profit, up 16% y-o-y (WAM 06/05/2025)

IHC reports AED27.2b revenue, AED4.1b profit in Q1 2025 (WAM 06/05/2025)

UAE banks fuel real estate demand surge with lower mortgage rates, extended financing facilities (Arabian Business 06/05/2025)

du reports 19.8% net profit increase (WAM 05/05/2025)

UAE M&A AND INVESTMENT NEWS

 DAE completes US$2b acquisition of Nordic Aviation Capital (WAM 07/05/2025)

UAE’s Arada expands in Australia with Roberts Co acquisition (Arabian Business 07/05/2025)

Agthia solidifies position as water segment leader with Riviere acquisition (Arabian Business 07/05/2025)

UAE BILATERAL TRADE NEWS

UAE-Kuwait ties deep, continuously evolving (WAM 12/05/2025)

UAE, Ghana explore broader cooperation (WAM 12/05/2025)

UAE, Azerbaijan discuss bilateral ties (WAM 12/05/2025)

UAE President receives phone call from Syrian President (WAM 12/05/2025)

Crown Prince of Abu Dhabi, President of Kazakhstan discuss bilateral relations, witness exchange of cooperation agreements, MoUs (WAM 12/05/2025)

ADIO and Mizuho Financial Group to fast-track investment into Abu Dhabi (Abu Dhabi Media Office 12/05/2025)

ADIO and ITOCHU Corporation partner to scale investments into Abu Dhabi (Abu Dhabi Media Office 12/05/2025)

UAE investments in Uzbekistan surge to $1.3b in 2024 (Arabian Business 12/05/2025)

South Korea eyes closer UAE healthcare ties (WAM 10/05/2025)

UAE Chambers, Mongolia discuss strengthening economic, investment cooperation (WAM 10/05/2025)

'Northern Waterfront' key step in strengthening UAE-Belarus relations (WAM 09/05/2025)

Abu Dhabi Customs, Japan Customs explore new avenues to facilitate trade, economic growth (WAM 09/05/2025)

UAE, Bahrain enter into Investment Promotion and Protection Agreement (WAM 08/05/2025)

UAE, Kenya sign seven bilateral agreements, MoUs (WAM 08/05/2025)

UAE signs MoU to build hospital in Aden, Yemen (WAM 08/05/2025)

UAE, Azerbaijani Presidents discuss bilateral relations (WAM 08/05/2025)

ADIO to expand San Francisco office to attract further US investment (WAM 08/05/2025)

Dubai International Chamber launches new representative office in Dhaka (WAM 08/05/2025)

Abu Dhabi, Japan sign MoU to enhance trade, innovative collaboration (WAM 08/05/2025)

President of Uganda receives Abdullah bin Zayed (WAM 08/05/2025)

UAE investments in Belarus exceed $4b (WAM 08/05/2025)

Analysis: EU-UAE trade talks signal strategic shift amid global economic pressures (Arabian Business 07/05/2025)

UAE President, Iraqi Prime Minister hold phone call to discuss bilateral ties (WAM 06/05/2025)

AD Ports Group, Burjeel Holdings partner to optimise healthcare logistics in Africa (WAM 06/05/2025)

PureHealth, SEHA partner with Cincinnati Children’s to advance paediatric care ecosystem (WAM 06/05/2025)

Abu Dhabi's economic delegation to Japan explores new avenues to strengthen partnerships (WAM 06/05/2025)

DFM, TWSE sign MoU to strengthen cross-border financial cooperation (WAM 06/05/2025)

UAE, Croatia explore economic partnership in tourism, tech sectors (Arabian Business 06/05/2025)

UAE President receives Turkish Foreign Minister (WAM 05/05/2025)

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Written by Jenny Hunt

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

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