UAE Weekly Business News 16/12/2024
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UAE Weekly Business News: Issue 218 published 16 December 2024.
UAE FREE ZONE NEWS
Dubai Industrial City reaffirms sustainability commitment (WAM 12/12/2024)
ADGM announces plans for establishment of Insurance Association (WAM 12/12/2024)
ADGM showcases series of regulatory enhancements at ADFW (WAM 11/12/2024)
Hub 71 partners with Google for Startups to offer accelerated growth opportunities for Abu Dhabi startups (Abu Dhabi Media 11/12/2024)
DIFC consolidates position as UAE’s top destination for Chinese financial institutions, multinational companies (WAM 10/12/2024)
SAIF Zone showcases key investment advantages, opportunities in gold sector at Mines and Money London (WAM 09/12/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
UAE visa amnesty to end on December 31: Overstayers with court cases can still avail scheme (Khaleej Times 15/12/2024)
Hazza bin Zayed launches Emirati Talent Competitiveness Council's Nafis initiative to boost private sector employment in Al Ain (WAM 14/12/2024)
How to register a baby born outside the Emirates (Khaleej Times 13/12/2024)
DoE Youth Programme empowers future Emirati leaders (WAM 12/12/2024)
Emirates Group extends Airbus Leadership Programme for UAE Nationals (WAM 12/12/2024)
Only 16% of UAE workers want full remote work, survey shows (Arabian Business 12/12/2024)
Abu Dhabi Social Support Authority, Burjeel Holdings partner to offer job opportunities (WAM 09/12/2024)
UAE BUSINESS NEWS
DAW Construction, QGPC unveil polymer resin concrete for sustainable infrastructure (Arabian Business 16/12/2024)
‘Rent Now, Pay Later’ trend shifts Dubai rental market, changing tenant-landlord relations (Arabian Business 16/12/2024)
Elon Musk planning to launch $1b institute in Dubai (Arabian Business 16/12/2024)
Careem Groceries launches in Abu Dhabi with 20-minute delivery (Arabian Business 16/12/2024)
RTA launches 'Logisty’ platform for freight transport (WAM 15/12/2024)
UAE healthcare system sets global standards in preventive medicine (WAM 15/12/2024)
UAE short-term rentals: Surge in demand driven by strengthened ties to US (Khaleej Times 15/12/2024)
Dubai real estate sector recorded $3.7b of transactions last week (Arabian Business 15/12/2024)
Falcon Technic secures GCAA approval for MRO operations (WAM 14/12/2024)
UAE private jet traffic to reach 18,000 flights by year-end in MBR aerospace hub (Khaleej Times 14/12/2024)
Etihad transports 17m passengers so far this year as traffic climbs over 30% (Arabian Business 14/12/2024)
Retail trends 2025: TikTok shopping, AI-powered stores, instant deliveries and online groceries coming soon (Arabian Business 14/12/2024)
Air Arabia adds Tashkent to network from Ras Al Khaimah (WAM 13/12/2024)
Abu Dhabi Sustainable Finance Forum marks conclusion of ADFW 2024 (WAM 13/12/2024)
Khalifa University ranked among top 10 global QS universities in delivering impactful research (Abu Dhabi Media Office 13/12/2024)
Khaled bin Mohamed bin Zayed inaugurates CMA Terminals Khalifa Port (WAM 12/12/2024)
Dubai rapidly strengthening its position as global AI hub (WAM 12/12/2024)
DEWA signs partnership agreement with US organisation EPRI (WAM 12/12/2024)
UAE hotel establishments generate AED33.5b in revenue in 9 months (WAM 12/12/2024)
Drone parts to be manufactured in Abu Dhabi through Boeing's subsidiary Insitu (Khaleej Times 12/12/2024)
Dubai property firm awards $199m contract for JLT office tower amid commercial real estate boom (Arabian Business 12/12/2024)
Dubai, Abu Dhabi top destinations for Indian weddings amid UAE tourism boom (Arabian Business 12/12/2024)
Dubai’s Carrefour launches 24/7 delivery service as night shopping surges (Arabian Business 12/12/2024)
Elite Holding Group launches Jetour’s first flagship Middle East showroom in Dubai (Arabian Business 12/12/2024)
Celestyal announces arrival of maiden voyage to Dubai (WAM 11/12/2024)
Air Arabia resumes its flights from Sharjah to Beirut (WAM 11/12/2024)
DEWA commissions 30 MIG reservoir in Hatta worth AED86m (WAM 11/12/2024)
GCAA unveils 'Golden Package' for business aviation at MEBAA 2024 (WAM 11/12/2024)
Air Arabia resumes flights to Beirut (Khaleej Times 11/12/2024)
'Golden Package' announced for pilots, business jet owners and aviation firms (Khaleej Times 11/12/2024)
Emirates Biotech ropes in Sulzer to build world’s largest polylactic acid plant in UAE (Arabian Business 11/12/2024)
Gulf FMCG markets surge: UAE grows 4.1%, Saudi 1.8% in Q3 2024, report finds (Arabian Business 11/12/2024)
Etihad and Air Seychelles announce codeshare from 2025 (Arabian Business 11/12/2024)
Bitcoin MENA 2024 concludes (WAM 10/12/2024)
TAQA Water Solutions launches AED95m sustainable project to develop Supervisory Control, Data Acquisition system (WAM 10/12/2024)
EPI signs contract extension with Airbus Atlantic to manufacture flight-critical airframes (WAM 10/12/2024)
Abu Dhabi Customs solidifies its global customs leadership through its Strategic Plan 2024-2028 (WAM 10/12/2024)
Abu Dhabi Space Debate discusses importance of global collaboration to address space sustainability (WAM 10/12/2024)
IDRA World Congress 2024 calls for leadership action to build global water resilience (WAM 10/12/2024)
New report titled ‘Dubai’s Green Future: Powered by Renewable Energy’ showcases the Emirate's commitment to a net-zero carbon future by 2050 (Government of Dubai Media Office 10/12/2024)
Climate tech, blockchain computing firms to build UAE's biggest solar farm to power crypto mining (Khaleej Times 10/12/2024)
More crypto millionaires fly on private jets as digital currency hit record highs (Khaleej Times 10/12/2024)
Dubai to get new 7-storey paid parking terminal in Deira (Khaleej Times 10/12/2024)
Zenvo Aurora and Genesis Magma Racing launch in Dubai (Khaleej Times 10/12/2024)
Airbus delivers UAE’s latest telecom satellite to Florida launch site (Arabian Business 10/12/2024)
AIM Congress forges global partnerships for economic growth (WAM 09/12/2024)
EDGE Group marks five years of innovation, growth, global success (WAM 09/12/2024)
Emirates Global Aluminium begins construction of reduction cells for EX smelting technology (WAM 09/12/2024)
UAE’s AI Office partners with UiPath to further key National AI Strategy objectives (WAM 09/12/2024)
UAE Circular Economy Council discusses new plans, proposals for implementation of Circular Economy Policy 2021-2031 (WAM 09/12/2024)
RTA completes rail grinding and overhauls 79 Dubai Metro trains (Government of Dubai Media Office 09/12/2024)
Dubai villa prices gain almost a third in a year (Khaleej Times 09/12/2024)
UAE FINANCE AND ECONOMY NEWS
ADQ publishes paper on changing capital flows and the impact on global economic landscape (Abu Dhabi Media Office 13/12/2024)
First Abu Dhabi Bank and Libre Capital sign MoU to explore RWA collateralised lending (Khaleej Times 13/12/2024)
Major changes to UAE’s VAT rules impact fund managers and virtual asset traders – All you need to know (Arabian Business 13/12/2024)
South Asian fashion marketplace LAAM raises $5.5mn seed funding from investors led by Dubai-based Disrupt.com (Arabian Business 13/12/2024)
Drug delivery platform BioSapien raises $5.5m funding from MENA VC Global Ventures-led investors (Arabian Business 13/12/2024)
CBUAE board approves establishment of 'Nebras Open Finance', 'Know Your Customer' platform (WAM 12/12/2024)
Nasdaq Dubai Welcomes Three Sukuk Issuances by the Republic of Indonesia Totalling US$2.75b (Government of Dubai Media Office 12/12/2024)
Finstreet launches first-of-its-kind international securities financial market infrastructure at ADFW (Khaleej Times 12/12/2024)
UAE APP scam losses surge 43% to $8.3m in 2023, report reveals (Arabian Business 12/12/2024)
CEO of ADX anticipates exceptional 2025 (WAM 11/12/2024)
ADX agrees Amman Stock Exchange, Jordan Securities Depositary Centre, to join Tabadul Hub (WAM 11/12/2024)
ADIO, Mastercard to establish Digital Partnership Programme (WAM 11/12/2024)
Emirates NBD welcomes Chainlink to Digital Asset Lab (Government of Dubai Media Office 11/12/2024)
International Development Bank Officially Joins the authorised Banks by Dubai Land Department as an Escrow Account Trustee (Government of Dubai Media Office 11/12/2024)
Abu Dhabi fintech firm Quantix secures Dh1.8b financing deal to support lending platform (Khaleej Times 11/12/2024)
New UAE tax: Which companies are covered by 15% tariff? Exemptions explained (Khaleej Times 11/12/2024)
BitOasis secures full VASP license from Dubai’s VARA (Arabian Business 11/12/2024)
UAE-based tech startup BuyAnyAutoPart raises $750,000 in pre-seed funding (Arabian Business 11/12/2024)
Beam Ventures to launch $150m Abu Dhabi gaming fund (Arabian Business 11/12/2024)
AD Ports Group assigned new A1 Credit Rating by Moody’s (WAM 10/12/2024)
Establishing General Secretariat as executive body for 'National Anti-Money Laundering Committee' (WAM 10/12/2024)
ADIO, PGIM to establish RealAssetX Innovation Centre in Abu Dhabi (WAM 10/12/2024)
Apple revolutionises payments in the UAE with ‘Tap to Pay’ on iPhone (Khaleej Times 10/12/2024)
UAE’s first stablecoin receives final CBUAE licence to launch (Khaleej Times 10/12/2024)
Gulf economies resilient in 2025 as fiscal surpluses persist despite lower oil prices: Fitch (Arabian Business 10/12/2024)
UAE, Saudi Arabia forecasted for strong credit growth in 2025: Report (Arabian Business 10/12/2024)
Dubai Securities and Exchange Higher Committee reviews successes as DFM market cap reaches $218bn amid international investor surge (Arabian Business 10/12/2024)
Gulf markets poised for North American investment surge: Report (Arabian Business 10/12/2024)
Mair Group lists on Abu Dhabi Securities Exchange (WAM 09/12/2024)
ADX, etoro partner to expand investment opportunities (WAM 09/12/2024)
Ministry of Finance announces amendments to Corporate Tax Law (WAM 09/12/2024)
UAE M&A NEWS
Emirates NBD powers digital asset custody in the UAE through investment in Zodia Custody (Government of Dubai Media Office 12/12/2024)
Direct Debit System acquires UK-regulated ElseWare in East-to-West technology transfer (Khaleej Times 12/12/2024)
Arada buys 3 gym brands; fitness division valued at $272m and eyes 100,000 members (Arabian Business 10/12/2024)
UAE BILATERAL TRADE NEWS
Drydocks World awarded Ostwind 4 project in Germany (WAM 16/12/2024)
EAD delegation visits Bahrain as part of ‘Jaywun’ scientific mission (WAM 16/12/2024)
Parkin and Batic sign MoU to explore smart city parking solutions across Saudi Arabia (Government of Dubai Media Office 16/12/2024)
Abu Dhabi fund invests $6.3b in Bahrain (Arabian Business 16/12/2024)
(WAM 14/12/2024)
TRENDS holds symposium in UK's House of Lords, highlights opportunities, future outlooks for GCC-UK relations (WAM 13/12/2024)
Abdullah bin Zayed co-chairs 15th India-UAE Joint Commission Meeting (WAM 13/12/2024)
CBUAE, National Bank of Tajikistan sign MoU to enhance cooperation (WAM 13/12/2024)
Abu Dhabi, Beijing forge strategic partnership to strengthen financial collaboration (WAM 13/12/2024)
Abdullah bin Zayed meets Indian Prime Minister in New Delhi (WAM 12/12/2024)
UAE participates in COMEUP 2024 in Seoul (WAM 12/12/2024)
Putin commends UAE President for AI development efforts (WAM 12/12/2024)
Abdullah bin Zayed co-chairs Fourth Strategic Dialogue (WAM 12/12/2024)
Dubai International Chamber launches representative office in Colombia to support growth of bilateral economic relations (Government of Dubai Media Office 12/12/2024)
Dana Gas receives $20m payment in Egypt (Khaleej Times 12/12/2024)
UAE citizens can use e-gates at Hungary airports from December 12 (Khaleej Times 12/12/2024)
UAE President receives President of Egyptian Senate (WAM 11/12/2024)
UAE-Korea SME Committee holds first meeting in Seoul (WAM 11/12/2024)
Burjeel Holdings to provide healthcare services to Maldivians (WAM 11/12/2024)
UAE, Eurasian Economic Union conclude negotiations on Economic Partnership Agreement (WAM 11/12/2024)
ADFD signs AED92m loan agreement to enhance water security in Rwanda (WAM 11/12/2024)
UAE President, King of Jordan discuss bilateral relations (WAM 11/12/2024)
UAE looks to boost $13.7b trade with Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan bloc (Arabian Business 11/12/2024)
UAE and China trade to pass $100b this year (Arabian Business 11/12/2024)
UAE President receives Vice President of Venezuela (WAM 10/12/2024)
Dubai International Chamber arranges 308 business meetings in Kampala (Government of Dubai Media Office 10/12/2024)
UAE President, UK Prime Minister discuss bilateral relations (WAM 09/12/2024)
Saif bin Zayed meets Deputy Prime Minister of Serbia (WAM 09/12/2024)
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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
