UAE Weekly Business News 15/07/2024
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UAE Weekly Business News: Issue 197 published 15 July 2024.
UAE FREE ZONE NEWS
Is every free zone trader a qualified distributor to enjoy 0% tax? (Khaleej Times 15/07/2024)
ADGM publishes its whistleblowing framework (WAM 11/07/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
UAE visa, Emirates ID fines: 14 violations with penalties up to AED20,000 (Khaleej Times 15/07/2024)
New visa rule unnerves small travel agencies (Khaleej Times 15/07/2024)
Middle East workers trust bosses, asking for pay rises, looking to change jobs, working remotely and looking for new skills: PwC (Arabian Business 15/07/2024)
RAK DAO partners with Phoenix Group, IOPn for $100m investment to boost Web3 innovation (Arabian Business 12/07/2024)
‘Diversity is not just about ticking boxes,’ says Cigna Middle East’s first female CEO (Arabian Business 11/07/2024)
Dubai Chambers signs MoU with VFS Global to accelerate global expansion of Dubai-based companies (Government of Dubai Media Office 09/07/2024)
UAE BUSINESS NEWS
ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach (WAM 15/07/2024)
Khaled bin Mohamed bin Zayed issues resolution to establish Smart and Autonomous Systems Council (WAM 15/07/2024)
Khaled bin Mohamed bin Zayed witnesses agreement signing between ADNOC, Mubadala to develop Emirati talent (WAM 15/07/2024)
Abu Dhabi Chamber expands strategic partnerships with chambers of commerce worldwide through 'Gateway to the World' initiative (WAM 15/07/2024)
International Conference on Intelligent Robots and Systems (IROS 2024) to take place in Abu Dhabi (Abu Dhabi Media Office 15/07/2024)
Growing fruits and vegetables in the UAE desert: Why the future of farming looks bright (Khaleej Times 15/07/2024)
DIFC Courts record strong uptake in first half of 2024 (Arabian Business 15/07/2024)
Dubai real estate: More than 290,000 residential units under construction (Arabian Business 15/07/2024)
Dubai real estate: Commercial and residential property frenzy fuels major uptick in rentals (Arabian Business 15/07/2024)
Green Hydrogen: Air travel could go renewable as future fuel investment skyrockets in UAE (Arabian Business 15/07/2024)
Mohammed bin Rashid announces cabinet reshuffle, appoints Hamdan bin Mohammed as Deputy PM, Minister of Defence (WAM 14/07/2024)
RTA launches trial operation of world's first 3D-printed abra (WAM 14/07/2024)
Dubai Mall welcomes 57 million visitors in H1 of 2024 (WAM 13/07/2024)
Mohammed bin Rashid reviews upgrades and amenities at Dubai International Airport’s Terminal 3 (WAM 13/07/2024)
New DubaiDestinations summer guide invites residents and visitors to explore Dubai’s diverse indoor and outdoor activities (WAM 13/07/2024)
UAE launches report on sustainable development beyond 2030 (WAM 13/07/2024)
Dubai real estate market records almost AED123bn in property sale transactions so far this year (Arabian Business 12/07/2024)
London-Dubai emerges as MENA’s region busiest flight route for business travel (Arabian Business 12/07/2024)
Emarat signs first agreement with Emirates Airline to supply its aviation fuel at Al Maktoum Airport (WAM 11/07/2024)
MBRSC and Dubai Health sign agreement to elevate astronaut health and space healthcare innovation (WAM 11/07/2024)
Department of Community Development to organise inaugural edition of Social Care Forum (WAM 11/07/2024)
DCT Abu Dhabi and Les Roches’ Hospitality Academy to open in Zayed Sports City in September (WAM 11/07/2024)
ADNOC deploys AIQ’s RoboWell AI solution in offshore operations (WAM 11/07/2024)
‘Artificial Intelligence Office’ launches inaugural AI Challenge to foster AI-focused businesses, talents (WAM 11/07/2024)
Sheikh Zayed Grand Mosque ranks 1st in Middle East for top attractions and 3rd globally for cultural and historical experiences in Tripadvisor Report 2024 (Abu Dhabi Media Office 12/07/2024)
Etihad flies 8.7 million passengers in first half of the year (The National 12/07/2024)
UAE President welcomes partners and investors in ADNOC’s lower-carbon intensity Ruwais LNG Project (WAM 10/07/2024)
Mohammed bin Rashid announces world’s largest logistics hub to boost trade in foodstuffs, fruits and vegetables (WAM 10/07/2024)
UAE’s first living donor paediatric liver transplant takes place at Burjeel Medical City (WAM 10/07/2024)
Air Arabia expands European network with new flights to Vienna (WAM 10/07/2024)
Developing world's largest food trade logistics hub in Dubai will help boost UAE's food security: Amna Al Dahak (WAM 10/07/2024)
Inside the UAE’s business-first soft power diplomatic drive (Arabian Business 10/07/2024)
Dubai real estate prices soar by up to 41% in H1 2024 (Arabian Business 10/07/2024)
Dubai real estate: Investment yields outpace global markets with up to 11% returns (Arabian Business 10/07/2024)
MoE launches second phase of its recognition system for certificates issued by foreign universities (WAM 09/07/2024)
Dubai Green Spine: Plans unveiled for 64km green highway along E311 with 1 million trees, solar-powered trams, new parks and farms (Arabian Business 09/07/2024)
e&’s ‘revolutionary’ new technology can boost UAE internet speed to 50Gbps (Arabian Business 09/07/2024)
Rove Hotels expands Dubai portfolio with new JBR location (Arabian Business 09/07/2024)
UAE firms partner with universities to boost tech, blockchain talent pool, experts say (Arabian Business 09/07/2024)
Dubai real estate transactions hit record $34bn in Q2 as off-plan sales soar 80%; 5 in demand ownership areas revealed (Arabian Business 09/07/2024)
UAE’s Muwafaq tax package for SMEs crosses 54,000 registered users (Arabian Business 09/07/2024)
Abu Dhabi real estate sector saw $1.8b of transactions in Q2 as existing property sales lead market (Arabian Business 09/07/2024)
TikTok influences buying habits of 80% of MENAT consumers (Arabian Business 08/07/2024)
UAE FINANCIAL NEWS
EDB reports AED11.14b in H1 cumulative financing, AED5.5b in industrial GDP since its new strategy launch in 2021 (WAM 15/07/2024)
CBUAE's gold reserves reach AED20.36b by end of April 2024 (WAM 15/07/2024)
UAE banking sector transfers exceed AED6 Jan-Apr 2024 (WAM 15/07/2024)
UAE, Saudi and Egypt start-ups secure most VC funding in H1 (Khaleej Times 15/07/2024)
UAE Insurers' profits could drop up to 25% due to rains in April (Khaleej Times 15/07/2024)
GCC IPOs raised $3.6b in H1; top 5 offerings revealed as Saudi and UAE lead markets (Arabian Business 15/07/2024)
AI stocks surge as UAE retail investors shift away from Big Tech, Pharma (Arabian Business 15/07/2024)
(WAM 14/07/2024)
New DubaiDestinations summer guide invites residents and visitors to explore Dubai’s diverse indoor and outdoor activities (WAM 13/07/2024)
UAE banks' investments up 0.3% to AED666.2b by end of April (WAM 12/07/2024)
AED13.1b increase in monetary deposits during April: CBUAE (WAM 12/07/2024)
UAE retail investors prioritise ESG in decision-making (The National 12/07/2024)
CBUAE's foreign assets cross AED750b (WAM 11/07/2024)
CBUAE's balance sheet hits AED790b in April, up 25% YoY (WAM 11/07/2024)
Nasdaq Dubai welcomes US$500m Sukuk by Sharjah Islamic Bank (WAM 11/07/2024)
Gross banks’ assets at AED4.3t by end of April 2024 (WAM 11/07/2024)
Expats retiring in UAE coming to terms with complex medical costs (The National 11/07/2024)
Abu Dhabi’s FAB denies it is buying 51% stake in India’s Yes Bank (Arabian Business 11/07/2024)
Exclusive credit cards for the ultra-wealthy in the Middle East (Arabian Business 11/07/2024)
EAD unveils progress in implementing Abu Dhabi's plan towards Environmental Centennial 2071 goals (WAM 10/07/2
Expanding UAE economic partnerships enhance industrial companies' access to global markets: Thani Al Zeyoudi (WAM 10/07/2
'Self-adaptive' wind turbine patent granted to UAEU inventors (The National 09/07/2024)
Etihad announces daily trips to Boston from October (Khaleej Times 09/07/2024)
(WAM 08/07/2024)
UAE MERGERS AND ACQUISITIONS NEWS
Global energy majors take 40% stake in Adnoc’s Ruwais LNG project (The National 10/07/2024)
Ras Al Khaimah real estate: Government takes 34% stake in RAK Properties (Arabian Business 08/07/2024)
Dubai’s DAMAC Group bets big on AI with $50m investment in Anthropic (Arabian Business 08/07/2024)
UAE BILATERAL TRADE NEWS
Indonesian President to commence state visit to UAE on Tuesday (WAM 15/07/2024)
UAE Embassy in Rabat celebrates 52nd anniversary of UAE-Morocco diplomatic relations (WAM 14/07/2024)
Thani Al Zeyoudi, Côte d’Ivoire Prime Minister inaugurate UAE-backed cashew processing factory in West African nation (WAM 13/07/2024)
UAE, Bermuda to collaborate on government development, modernization (WAM 12/07/2024)
Abu Dhabi Civil Defence Authority participates in 2024 National Fire Protection Association Conference in the US (Abu Dhabi Media Office 12/07/2024)
MoI launches programme to train 100 specialists from Philippine National Police Women and Children Protection Center (WAM 11/07/2024)
UAE holds first strategic financial dialogue with Poland (WAM 10/07/2024)
UAE, Japan discuss enhancing cooperation in field of food security and climate-smart agriculture (WAM 10/07/2024)
UAE participates in 65th session of WIPO, reviews its efforts in building competitive intellectual property protection system (WAM 10/07/2024)
UAE's e& set to appeal against Maroc Telecom court ruling (The National 10/07/2024)
UAE and Paraguay Presidents discuss bilateral cooperation (WAM 09/07/2024)
UAE and Russia companies sign agreements at industrial conference (The National 09/07/2024)
Abu Dhabi’s Agthia launches protein manufacturing facility in Jeddah (Arabian Business 09/07/2024)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
