UAE Weekly Business News 13/11/23
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UAE Weekly Business News, Issue 162. 13th November 2023.
UAE free zones news
UAE employment, visa and Emiratisation news
EIH Ethmar International Holding launches ‘Ethmarati’ Programme at Tawdheef x Zaheb 2023 (WAM 13/11/2023)
UAE tells firms to hire more Emiratis in 2023 or face fines (Arabian Business 13/11/2023)
CBUAE enhances Emiratisation efforts in financial sector through its participation in Tawdheef (WAM 12/11/2023)
MENA jobs: 296,000 new personnel needed in aviation sector over next 2 decades (Khaleej Times 12/11/2023)
Recruitment drive in Dubai; Riyadh Air to hire cabin crew, pilots (Khaleej Times 12/11/2023)
Why the UAE has become the go-to place for global talent (The National 10/11/2023)
Schengen vs GCC unified tourist visa: New visa plan to revolutionise Gulf travel (Arabian Business 10/11/2023)
Over 1,200 Emiratis register for Nafis’ National Healthcare Programme in new academic year (WAM 09/11/2023)
Gulf states unanimously approve unified tourist visa (The National 09/11/2023)
Campaign launched to boost number of women in UAE industry (The National 09/11/2023)
Dubai Airshow to advance talent and localisation through NextGen and 'Make it in the Emirates' features (WAM 08/11/2023)
Which UAE jobs received the biggest salary increases in 2023? (The National 08/11/2023)
Arab International Women’s Forum and Pfizer launch ‘DEI by Design’ report (WAM 07/11/2023)
2023 Tawdheef x Zaheb begins 13 November offering rewarding career opportunities (WAM 07/11/2023)
Merging employment services contributes to improving retirement options: GPSSA (WAM 07/11/2023)
(WAM 06/11/2023)
UAE business and trade news
Air Arabia Abu Dhabi relocates operations to Terminal A at Abu Dhabi International Airport (WAM 13/11/2023)
Moro Hub, Thales join forces to spearhead innovation in physical and cyber security services (WAM 13/11/2023)
AED4.7b deals signed on first day of Dubai Airshow 2023 (WAM 13/11/2023)
ENOC’s jet fuel sales to reach over a billion gallons by the end of 2023 (Government of Dubai Media Office 13/11/2023)
Emirates orders more Boeing 777X wide-body jets worth $52b (The National 13/11/2023)
Flydubai orders 30 Boeing Dreamliners worth Dh40.3b (Khaleej Times 13/11/2023)
Imtiaz Developments appoints National Engineering Bureau for community project in Dubai Land (Khaleej Times 13/11/2023)
Dubai real estate: Not everybody is a millionaire, so UAE needs more mid-market property (Arabian Business 13/11/2023)
UAE travel trends 2024: Foodie getaways, solo breaks, fancy cars, budget trips, luxury deals, off-peak holidays and more (Arabian Business 13/11/2023)
UAE military arm announces $1.3b spending at Dubai Airshow 2023 (Arabian Business 13/11/2023)
UAE economy will see non-oil boost in 2024: OPEC (Arabian Business 13/11/2023)
UAE real estate: What to watch for in 2024 (Arabian Business 13/11/2023)
Mohammed bin Rashid issues Law on ‘Dubai Taxi Company’ (WAM 12/11/2023)
Wasl unveils one of largest on-grid solar projects in Dubai with 11GWh capacity (WAM 12/11/2023)
World of Coffee Dubai 2024 reveals varied activities, programmes to promote partnerships within sector (WAM 12/11/2023)
Government Development and the Future Office launches ‘10 Future Emerging Opportunities’ report (WAM 12/11/2023)
Global Media Congress elevates UAE’s stature as a global destination for innovators and creators: Media CEOs (WAM 12/11/2023)
UAE's Edge to unveil 11 new air defence products at Dubai Airshow (The National 12/11/2023)
Rising rents spur changes in Dubai realty buyer profiles (Khaleej Times 12/11/2023)
US giant to further help UAE, KSA in developing aviation ecosystem (Khaleej Times 12/11/2023)
Dubai’s RTA announces 50 percent completion of Garn Al Sabkha-Sheikh Mohammed bin Zayed road project (Arabian Business 12/11/2023)
Dubai Airshow 2023: How to get to the venue, coupon codes to use for cheap travel (Arabian Business 12/11/2023)
Global businesses hail Abu Dhabi International Boat Show (WAM 11/11/2023)
ADSCC Bone Marrow Transplant and Cellular Therapy Congress 2023 to take place in Abu Dhabi (WAM 11/11/2023)
ADNOC Drilling and Alpha Dhabi to establish strategic partnership (WAM 11/11/2023)
ADSCC Bone Marrow Transplant and Cellular Therapy Congress 2023 to take place in Abu Dhabi (Abu Dhabi Media Office 11/11/2023)
Dubai Airshow set for jet deal bonanza as airlines clamour for new planes (The National 11/11/2023)
Sheikh Mohammed hails technology drive as UAE coding day goes global (The National 11/11/2023)
Dubai Tram carries 52m riders in 9 years of operations (Arabian Business 11/11/2023)
Dubai's weeklong real estate transactions exceed AED0.3b (WAM 10/11/2023)
Global Media Congress 2023 to host four roundtables on media in age of technology (WAM 10/11/2023)
UAE to host GCC POWER 2023 Conference and Exhibition on Novemeber 13 (WAM 10/11/2023)
Adnoc Distribution to speed up EV charging point rollout in 2024 (The National 10/11/2023)
Abu Dhabi's Adia exploring investment opportunities in energy transition (The National 10/11/2023)
Dubai gears up for the debut Japan Kyoto Trade Exhibition (Khaleej Times 10/11/2023)
New UAE alcohol store Royal Spirit to launch luxury signature label, delivery app in Abu Dhabi (Arabian Business 10/11/2023)
Casino Countdown: new conference focused on the future of gaming (Arabian Business 10/11/2023)
New battery-powered yacht THE ICON debuts at Abu Dhabi International Boat Show (Arabian Business 10/11/2023)
Dubai real estate market remains robust with 46 percent surge in transactions, 37 percent increase in value, new study (Arabian Business 10/11/2023)
New Dubai ride-hailing service launches, offers limousines and coffee as residents battle traffic (Arabian Business 10/11/2023)
Dubai Economic Agenda D33: Inside Sheikh Mohammed’s $8.7t economic plan (Arabian Business 10/11/2023)
Abu Dhabi property market booms with 100 per cent increase in sales in past year, prices stable (Arabian Business 10/11/2023)
Why Dubai is winning the race to attract the world’s millionaires, billionaires (Arabian Business 10/11/2023)
Dubai Airshow 2023 puts flying taxis in spotlight (Arabian Business 10/11/2023)
Hamdan bin Mohammed approves strategic incentives to boost Dubai’s economy (WAM 09/11/2023)
Maktoum bin Mohammed meets with Ernst Tanner, Executive Chairman of Lindt & Sprungli (WAM 09/11/2023)
Dubai's advanced aerial mobility vision positions Dubai among first movers in AAM innovation, infrastructure planning (WAM 09/11/2023)
Tabreed concludes pilot project for significant gains in energy efficiency (WAM 09/11/2023)
DEWA, Avaya discuss enhancing cooperation (WAM 09/11/2023)
Abu Dhabi Civil Defence Authority reveals latest outcomes of Field Survey Initiative (Abu Dhabi Media Office 09/11/2023)
Etihad charts growth path to 2030, with new terminal key for next phase (The National 09/11/2023)
Dubai hotel bookings surge for Cop28 and Dubai Airshow (The National 09/11/2023)
Dubai non-oil economic growth improves in October as optimism soars (The National 09/11/2023)
Deliveroo for Work Survey reveals the importance of food within the workplace (Khaleej Times 09/11/2023)
UAE realty boom poised to gain momentum (Khaleej Times 09/11/2023)
New developer forays into the UAE (Khaleej Times 09/11/2023)
Dubai’s vision for advanced aerial mobility accelerates its sustainability agenda (Khaleej Times 09/11/2023)
Abu Dhabi Finance Week 2023: Speakers, events, dates and more (Arabian Business 09/11/2023)
Dubai property price increase slowing down, residential supply declines, rental growth moderates (Arabian Business 09/11/2023)
Silkhaus expands short-term rental operations into Abu Dhabi (Arabian Business 09/11/2023)
Dubai’s International Modern Hospital expands healthcare services to meet growing demand (Arabian Business 09/11/2023)
Dubai foodtech Greeno to open self-checkout food kiosks across corporate offices (Arabian Business 09/11/2023)
Sheikh Hamdan approves plans to double Dubai agriculture, boost industry sector by $15.8b, ban single use plastics (Arabian Business 09/11/2023)
UAE government adopts proactive approach to meet the requirements of the development march: Mohammed bin Rashid (WAM 08/11/2023)
Mohammed bin Rashid announces ‘The Economic Principles of UAE’; moves to build world’s most active economy (WAM 08/11/2023)
Abu Dhabi to host largest fair for early childhood development (WAM 08/11/2023)
1 Billion Followers Summit to bring together 3,000 creatives in Dubai on 10th January (WAM 08/11/2023)(WAM 08/11/2023)
Gas Safety Committee conducts inspection campaigns on food facilities (WAM 08/11/2023)
EDGE launches secure communications app and collaborative community platform (WAM 08/11/2023)
Sanad unveils region's first certified CFM LEAP Engine MRO Centre in Abu Dhabi (WAM 08/11/2023)
IDC discusses enhancing competitiveness of local products, boosting investment in industry sector (WAM 08/11/2023)
ADNEC Group develops strategy to achieve net-zero carbon emissions by 2045
ADM urges construction companies to submit mandatory occupational health, safety reports (WAM 08/11/2023)(WAM 08/11/2023)
Cleveland Clinic Abu Dhabi, MBZUAI to promote research and education (WAM 08/11/2023)
UAE's Industry Development Council tables new proposals to further boost sector (The National 08/11/2023)
Sheikh Mohammed reveals UAE's economic principles for next decade (The National 08/11/2023)
Dubai’s 10-month residential property deals surpass full 2022 level (Khaleej Times 08/11/2023)
UAE: Sheikh Mohammed announces 10 economic principles; full list explained (Khaleej Times 08/11/2023)
UAE and Saudi lead Middle East tourism boom, 33m leisure visitors expected in 2023 (Arabian Business 08/11/2023)
Lamborghini Abu Dhabi and Dubai launches 350kmph Revuelto electric vehicle in UAE (Arabian Business 08/11/2023)
Dubai real estate breaks another record as transactions boom, CBRE report finds (Arabian Business 08/11/2023)
Mode Dubai fashion event postponed to April 2024 (Arabian Business 08/11/2023)
Dubai leads world in branded residences with projects to double by 2030 (Arabian Business 08/11/2023)
DoH collaborates with American Heart Association to enhance healthcare services for heart and stroke patients (WAM 07/11/2023)
ADNOC is advancing low-carbon LNG growth project in Al Ruwais Industrial City (WAM 07/11/2023)
AD Ports Group acquires 10 offshore vessels for around US$200m (WAM 07/11/2023)
EGA hosts largest global aluminium technical forum in Dubai (WAM 07/11/2023)
Dubai’s prime-market property prices forecast to grow 5% next year
Sheikh Mohammed sets UAE's focus on growth, youth and sustainability (The National 07/11/2023)
Dubai Airshow 2023: Archer Aviation to showcase UAE flying taxi (Arabian Business 07/11/2023)
Sheikh Hamdan announces global AI championship with AED1m prize (Arabian Business 07/11/2023)
Dubai real estate: Where are the most affordable houses to buy on an average salary? (Arabian Business 07/11/2023)
Abu Dhabi completes major new airport road upgrade (Arabian Business 07/11/2023)
Why Dubai Metro and Etihad Rail could hold secret to next real estate boom (Arabian Business 07/11/2023)
National Experts Programme: UAE’s future leaders examine impact of adopting AI technologies in key economic sectors (WAM 06/11/2023)
WETEX and Dubai Solar Show 2023 hosts 24 international pavilions (WAM 06/11/2023)
First SAF-powered Emirates flights cleared for take-off from Dubai (WAM 06/11/2023)
UAE issues guidance on combating use of unlicensed virtual asset service providers (The National 06/11/2023)
UAE's gaming island attracts real estate investors looking for thriving opportunities (Khaleej Times 06/11/2023)
Dubai’s 10-month residential property deals surpass full 2022 level (Khaleej Times 06/11/2023)
UAE travel trends 2024 revealed: Residents say ‘vibe’ is important factor (Arabian Business 06/11/2023)
Dubai ranked most popular city in world for expat immigration (Arabian Business 06/11/2023)
UAE financial news
Dubai Taxi announces its intention to float on Dubai Financial Market (WAM 13/11/2023)
Nasdaq Dubai celebrates listing of $1.5b Green Sukuk by DP World (WAM 13/11/2023)
ADIB lists its $500m green sukuk on London Stock Exchange Market and Sustainable Bond Market (WAM 13/11/2023)
Salik records highest Q3 revenue figures since operations commenced in 2007 (Government of Dubai Media Office 13/11/2023)
UAE-based prop trading firms expand global footprint (Khaleej Times 13/11/2023)
Explainer: How corporate tax is reshaping the UAE economy and the SME sector (Arabian Business 13/11/2023)
Dubai FinTech Summit set to bring together over 8,000 global leaders to drive future of finance (WAM 12/11/2023)
DEWA reports record revenue of AED9.4b in Q3 '23 (WAM 10/11/2023)
ADNOC Distribution records 28% y-o-y increase in Q3 2023 EBITDA, one of its strongest results since IPO (WAM 10/11/2023)
UAE Central Bank to auction AED15.5b in government bonds (Arabian Business 10/11/2023)
ADFW to host 10,000 financial leaders from 100+ countries in Abu Dhabi (WAM 09/11/2023)
ADX leverages ICE Global Network to offer direct market access to global investors (WAM 09/11/2023)
Emaar records 43% increase in net profit to AED 4.1b in first nine months of 2023 (WAM 09/11/2023)
EIH Ethmar International Holding posts robust Q3 performance with net profit of AED589m (WAM 09/11/2023)
Al Ansari announces financial results for 9M 2023 (WAM 09/11/2023)
Emirates Group announces record half-year performance for 2023-24 (WAM 09/11/2023)
UAE tax guide 2024: Everything you need to know (Arabian Business 10/11/2023)
Dana Gas reports AED462m net profit in first nine months of 2023 (WAM 08/11/2023)
Amlak’s group net profit for Q3-23 stands at AED269m (WAM 08/11/2023)
Aramex reports revenues of AED1.35b for Q3 2023 (WAM 08/11/2023)
Amanat delivers net profit growth of 73% to AED88.2m in 9M 2023 (WAM 08/11/2023)
International Holding Company reports AED14.2b in revenues during Q3 (WAM 08/11/2023)
UAE telecoms operators to pay royalties under new simplified structure (The National 08/11/2023)
Fifth auction of Islamic Treasury Sukuks continues to achieve exceptional results (WAM 07/11/2023)
MENA IPOs raise $5.8b in first nine months of 2023 (WAM 07/11/2023)
Fertiglobe reports Q3 2023 revenues of $525m (WAM 07/11/2023)
Khalifa Fund supporting Abu Dhabi’s entrepreneurial ecosystem with new funding (WAM 07/11/2023)
Yahsat reports strong third quarter results for 2023 (WAM 07/11/2023)
Presight AI’s third-quarter profit rises 18% to $35.5m (The National 07/11/2023)
New Khalifa Fund initiative to provide up to $545,000 for Emirati entrepreneurs (The National 07/11/2023)
Agthia Group reports AED3.27b net revenue during first nine months of 2023 (WAM 06/11/2023)
Mohammed bin Rashid approves Dubai Government's General Budget for 2024-2026 fiscal cycle with expenditures of AED246.6b (WAM 06/11/2023)
ADIB mandates banks for issuance of inaugural Green Sukuk subject to markets (WAM 06/11/2023)
UAE bank launches no-fee instant loans via app (Arabian Business 06/11/2023)
UAE mergers and acquisitions news
Multiply Group’s Omorfia acquires 100% of Juice Spa and Salon (WAM 13/11/2023)
EDGE acquires 50% stake in Flaris, marking strategic expansion into aviation technology (WAM 10/11/2023)
Dubai Investments acquires additional stake in UK’s Monument Bank (WAM 08/11/2023)
ADCB to sell majority stake in Abu Dhabi Commercial Properties for more than $108m (The National 08/11/2023)
UAE bilateral trade news
Rapid increase in bilateral trade, tourist traffic reflects booming Indonesia-UAE ties (WAM 13/11/2023)
GCC and Turkey look to boost $22b trade (Arabian Business 13/11/2023)
DP World Australia makes 'significant progress' after cyber attack (The National 12/11/2023)
Abdullah bin Zayed chairs first session of UAE-Indonesia Joint Committee (WAM 10/11/2023)
TAQA signs MoU to explore feasibility of low-carbon electricity transmission project feasibility in Romania (WAM 10/11/2023)Russian business delegation explores investment opportunities in Ras Al Khaimah (WAM 10/11/2023)
Finland's Neste optimistic about SAF demand in Middle East (The National 10/11/2023)
Indonesian Foreign Minister inaugurates new embassy in Abu Dhabi (WAM 09/11/2023)
Executive Office of Anti-Money Laundering and Counter Terrorism Financing leads AML/CFT delegation to Singapore (WAM 09/11/2023)
EDGE Group, RV Connex sign agreement for autonomous solutions in Thailand (WAM 09/11/2023)
Chinese academic delegation visits WAM (WAM 09/11/2023)
BEEAH, KSA’s SIRC, ALMQR to establish sustainable waste management company in Madinah (WAM 09/11/2023)
WETEX and Dubai Solar Show 2023 hosts 28 prominent Italian companies (WAM 08/11/2023)
UAE and US: A strategic partnership to support energy transition, mitigate climate change (WAM 08/11/2023)
Dubai International Chamber arranges over 130 bilateral business meetings in Rwanda (WAM 07/11/2023)
Masdar, EDF Renewables, Nesma Renewable Energy win bid for 1,100MW solar IPP project in Saudi Arabia (WAM 07/11/2023)
UAE is a key market for French companies and a gateway to regional markets (WAM 07/11/2023)
GAL AMMROC, UCS sign MoU to support Royal Thai Armed Forces in aviation field (WAM 07/11/2023)
Department of Energy - Abu Dhabi delegation visits Saudi Arabia to exchange expertise in water efficiency and conservation (Abu Dhabi Media Office 07/11/2023)
UAE and France develop investment amid $5.1b imports (Arabian Business 07/11/2023)
UAE, Bosnia and Herzegovina sign MoU on mutual visa exemption (WAM 06/11/2023)
UAE President receives phone call from US Vice President (WAM 06/11/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
COP28, European Union commit to stronger climate ambition and action for sustainable socio-economic development (WAM 13/11/2023)
BEEAH Group hosts ‘Sustainovation Summit’ to unveil actionable insights ahead of COP28 (WAM 13/11/2023)
UAE tirelessly seeking to address climate change challenges (WAM 13/11/2023)
At special forum of G20 Presidency, COP28 President frames climate action as opportunity for growth (WAM 13/11/2023)
UAE places global transformation to sustainable agricultural and food systems at the top of its agenda priorities during COP28: Mariam Almheiri (WAM 13/11/2023)
WETEX, DSS 2023 to spotlight sustainable transportation (WAM 13/11/2023)
Africa’s vital role in COP28 Blue Zone’s conversations (Arabian Business 13/11/2023)
The legal impact of COP28 in UAE: Shaping the global climate agenda (Arabian Business 13/11/2023)
COP28 UAE: A guideline on this year's biggest climate conference (WAM 11/11/2023)
Dubai's aviation industry makes firm strides towards a more sustainable future (WAM 11/11/2023)
Dubai's aviation industry makes firm strides towards a more sustainable future (WAM 11/11/2023)
Green Zone at COP28: A central hub for climate enthusiasts (WAM 11/11/2023)
COP28 aims to bolster climate action, reinforcing Paris Agreement as a global cornerstone (WAM 11/11/2023)
Mariam Almheiri highlights innovative and sustainable nature-based solutions (WAM 10/11/2023)
FAB becomes first bank globally to join COP28 Net-Zero Transition Charter (WAM 10/11/2023)
Abu Dhabi Investment Authority holds Energy Transition Summit (WAM 10/11/2023)
COP28 President, WFP chief call for urgent climate action to reduce rising humanitarian needs (WAM 09/11/2023)
Local Press: UAE is measuring its plans not in months, but decades (WAM 09/11/2023)
COP28 Presidency facilitates founding of Innovate for Climate Tech coalition to drive global climate tech innovation, strengthen ecosystems (WAM 08/11/2023)
ADSW sets out bold global climate action agenda at COP28 (WAM 08/11/2023)
Global business leaders applaud UAE's climate leadership as COP28 approaches (WAM 08/11/2023)
Universities Climate Network supports goals of COP28 (WAM 07/11/2023)
Ministry of Climate Change and Environment and Tadweer launch Waste to Zero global decarbonisation initiative (Abu Dhabi Media Office 07/11/2023)
'COP28 is a huge moment for the world': Economic Secretary to UK Treasury (WAM 06/11/2023)
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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
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