UAE Weekly Business News 17/04/23
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UAE Weekly Business News, Issue 132. 17th April 2023.
UAE free zones news headlines
UAE employment and visa news
UAE: What kind of legal actions can employer take against me under non-competition clause? (Khaleej Times 16/04/2023)
Hamdan bin Mohammed directs providing golden residency visas to imams, Muslim scholars, researchers (WAM 15/04/2023)
Wages Protection System: Registering 14 domestic worker professions is optional (WAM 14/04/2023)
EIF establishes exchange sector advisory committee to drive Emiratisation (WAM 14/04/2023)
MOCCAE launches Phase 1 of 'Tamkeen' Initiative io increase Emiratisation in agricultural, veterinary and technical sectors (WAM 13/04/2023)
UAE resident extra salary: How to apply for a second monthly income (Arabian Business 12/04/2023)
More than 60% of UAE professionals prefer to be their own boss, survey shows (The National 11/04/2023)
UAE business, trade and economy news
Emirates, flydubai extend flight suspension to Sudan as air strikes continue (Khaleej Times 17/04/2023)
Dubai: European buyers surpass Indians, Pakistanis in new property project (Khaleej Times 17/04/2023)
How UAE’s corporate tax will affect informal business partnerships (The National 17/04/2023)
7 million transactions by Dubai Customs in Q1-23 (WAM 16/04/2023)
Securities and Commodities Authority activates applications for legacy virtual asset operators (WAM 16/04/2023)
Dubai's VARA sets regulations deadline for virtual assets operators (Government of Dubai Media Office 16/04/2023)
KPMG ordered to pay investors $231m after Abraaj fund audit (The National 16/04/2023)
Dewa's second nanosatellite launched on SpaceX rocket (The National 15/04/2023)
ADAFSA inspects 4,491 food establishments during Ramadan inspection campaign (WAM 14/04/2023)
Emirates Food Security Council discusses the 2023 action plan, latest global agricultural developments (WAM 14/04/2023)
TDRA launches ‘Name Ideas’ ChatGPT-supported initiative (WAM 14/04/2023)
National banks provided AED35.3b in credit facilities to business and industrial sector in end of January (WAM 14/04/2023)
Dubai records AED11.6b in weekly real estate transactions (WAM 14/04/2023)Executive Office of Anti-Money Laundering, Counter Terrorism Financing launches data intelligence project (WAM 14/04/2023)
New law issued for operating self-driving cars in Dubai (The National 14/04/2023)
UAE FinTech MBME to list its shares on ADX next week (The National 14/04/2023)
First concept store by Delma Exchange and Western Union opens in the UAE (Arabian Business 14/04/2023)
UAE announces private sector holiday for Eid Al Fitr (WAM 13/04/2023)
Eid al-Fitr holiday for federal government begins 29th Ramadan (WAM 13/04/2023)
ADFD backs AI industries to enhance UAE’s global standing in advanced technology (WAM 13/04/2023)
UAE government preserves its global leadership in the Nation Brand Performance index 2023 (WAM 13/04/2023)
AED 245.5b saving deposits in UAE banks by end of January 2023 (WAM 13/04/2023)
Air Canada to launch new Vancouver-Dubai Service in October (WAM 13/04/2023)
ADNOC L&S expands its shipping fleet with five Very Large Gas Carriers (WAM 13/04/2023)
UAE stock markets rally continues (WAM 13/04/2023)
Abu Dhabi to host two Challenge Tour golf championships (Abu Dhabi Media Office 13/04/2023)
New rules to tackle rowdy airline passengers arriving in UAE (The National 13/04/2023)
Adnoc Drilling awarded $412m contract for Upper Zakum oil field (The National 13/04/2023)
How to buy property in Dubai if you are not a resident (Khaleej Times 13/04/2023)
Listed UAE firms post higher rate of growth in profits than GCC peers (Khaleej Times 13/04/2023)
UAE announces new Abu Dhabi bridge, slashes travel time (Arabian Business 13/04/2023)
Abu Dhabi’s AED10b Island announces contractors for Jubail Terraces (Arabian Business 13/04/2023)
DXB Live achieves 50% growth; provides services to 432 events in 2022 (WAM 12/04/2023)
TAQA establishes New Green Finance Framework (WAM 12/04/2023)
UAE Cabinet celebrates 17 years of achievements (WAM 12/04/2023)
UAE's Rashid Rover to land on Moon on 25th April (WAM 12/04/2023)
Dubai Customs introduces metaverse to revolutionize customs leadership development (WAM 12/04/2023)
Dubai received 674,000 medical tourists who spent $270m in 2022 (The National 12/04/2023)
Spending on AI in Mena region 'to soar to $3b in 2023' (The National 12/04/2023)
Doubling re-exports to 'significantly' boost UAE GDP, minister says (The National 12/04/2023)
UAE's GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed (Khaleej Times 12/04/2023)
Dubai Municipality launches innovative platform facilitating investment opportunities for private (WAM 11/04/2023)
Dubai to host 2023 Global Summit of Women (WAM 11/04/2023)
Etihad Airways goes daily to Toronto (WAM 11/04/2023)
ADX announces listing of MBME GROUP’s shares (WAM 11/04/2023)
Ministry of Economy, Cisco coallaborate to launch digitisation initiatives for SMEs (WAM 11/04/2023)
UAE CLIMATE TECH to take place in Abu Dhabi on May 10 (WAM 11/04/2023)
ADAFSA allocates 12 sites for fodder sale, providing 85 outlets to 30 businesses in Abu Dhabi (WAM 11/04/2023)
ADNEC prepares for major global events in next 3 months (WAM 11/04/2023)
ADEK announces Educational Cost Index results for academic year 2023/24 (WAM 11/04/2023)
Abu Dhabi University to regulate use of ChatGPT in education (WAM 11/04/2023)
ADEK outlines framework to enhance academic excellence of private schools in Abu Dhabi (Abu Dhabi Media Office 11/04/2023)
Expo City Mall to open its doors in 2024 (The National 11/04/2023)
Fines of up to AED200,000 for breaching egg and poultry price cap (The National 11/04/2023)
Abu Dhabi private schools can raise tuition fees for first time in three years (The National 11/04/2023)
Dubai's non-oil economy hits five-month high on boost in jobs and inventory growth (The National 11/04/2023)
UAE's trade to grow amid non-oil sector growth and Cepa deals, economists say (The National 11/04/2023)
UAE economy to grow at a faster pace next year: IMF (Khaleej Times 11/04/2023)
Empower commences operation of its advanced district cooling plant in Dubailand (WAM 10/04/2023)
Ministry of Finance issues decision on exception from registration for corporate tax purposes (WAM 10/04/2023)
Environment Agency – Abu Dhabi launches strategic environmental assessment programme (WAM 10/04/2023)
Dubai’s ultra-luxury home prices climb 27% in first quarter amid strong demand (The National 10/04/2023)
UAE corporate tax: Ministry clarifies organisations exempt from registration (The National 10/04/2023)
UAE Mergers & Acquisitions news
Sukoon Insurance gets regulatory approval for majority stake acquisition in Ascana (Arabian Business 14/04/2023)
e& to acquire a majority stake in Careem Super App (WAM 10/04/2023)
UAE Financial Results
QCC publishes annual report for 2022 (WAM 10/04/2023)
UAE bilateral trade news
UAE is India's second biggest export destination, third biggest source for imports (WAM 16/04/2023)
UAE, Brazil issue joint statement following state visit of President of Brazil (WAM 16/04/2023)
Saqr Ghobash, President of Brazilian Federal Senate discuss enhancing relations (WAM 16/04/2023)
Mohamed Al Hussaini meets Deputy Secretary of US Treasury, senior officials from international financial organisations and institutions (WAM 16/04/2023)
Brazilian exports to UAE amounted to $714.07m in Q1-23: President of Arab-Brazilian Chamber (WAM 16/04/2023)
$17.7b in Brazilian food exports to 22 Arab countries in 2022: UAE International Investors Council (WAM 16/04/2023)
UAE is among largest international investors in Brazil: Chairman of UAE Chambers (WAM 16/04/2023)
Presidents of UAE, Brazil discuss bilateral relations; regional & international developments (WAM 15/04/2023)
Brazil is UAE's leading trading partner in Latin America: Minister of State for Foreign Trade (WAM 15/04/2023)
$5b of UAE investments in Brazil: Minister of Economy (WAM 15/04/2023)
Brazil is a strategic partner in UAE's efforts to improve food security and combat climate change (WAM 15/04/2023)
Visit of Brazilian president allows for deeper cooperation with UAE in a variety of spheres (WAM 15/04/2023)
Mubadala Capital's diversified investments achieved sustainable impact on Brazilian society (WAM 15/04/2023)
COP28 President-Designate calls on G7 Countries to deliver on practical and inclusive energy transition, back by new deal on climate finance (WAM 15/04/2023)
UAE to showcase industrial investment opportunities at Hannover Messe (WAM 15/04/2023)
AED111b of UAE-Brazil trade in 10 years (WAM 15/04/2023)
President of Brazil arrives in UAE (WAM 15/04/2023)
Mohamed Al Hussaini chairs 1st meeting of joint WBG/IMF Development Committee (WAM 14/04/2023)
UAE the leading Arab investor in Egypt: UAEIIC Secretary-General (WAM 13/04/2023)
Presidents of UAE, Egypt review bilateral relations, regional developments (WAM 12/04/2023)
Al-Sayegh meets with Minister of Foreign Affairs, European Affairs and Trade of Malta (WAM 12/04/2023)
EGA joins Australian cooperative research centre for research in alumina refining decarbonisation (WAM 12/04/2023)
Masdar expands presence in US with completion of acquisition of Big Beau project stake (WAM 12/04/2023)
EDGE to open LATAM Regional Office in Brazil (WAM 11/04/2023)
Saqr Ghobash, Chinese Ambassador, discuss bilateral ties (WAM 11/04/2023)
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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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