UAE Weekly Business News 18/03/24

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UAE Weekly Business News issue 180 published 18th March 2024.

UAE FREE ZONE NEWS

• Abu Dhabi Chamber, ADGM strengthen strategic partnership to support businesses and investment ecosystem (WAM 18/03/2024)

• Dubai announces diamond trade passed $38b last year (Arabian Business 14/03/2024)

• DIFC announces enactment of new Digital Assets Law (WAM 13/03/2024)

• Dubai CommerCity records unprecedented growth in its digital trade operations throughout 2023 (WAM 13/03/2024)

• Al Masaood Automobiles to set up spare parts logistics centre in KEZAD (WAM 13/03/2024)
  

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

• Dubai-based AI recruitment platform to transform hiring in booming UAE job market (WAM 18/03/2024)

• Remote work visa in Dubai: Ease of getting residency attracts digital nomads (Khaleej Times 17/03/2024)

• Can residents travel abroad if Emirates ID renewal is still under process? (Khaleej Times 17/03/2024)

• Noura Al Kaabi leads UAE’s delegation to 68th session of UN Commission on Status of Women (WAM 16/03/2024)

• UAE Gender Balance Council participates in UN Security Council and GCC meetings (WAM 15/03/2024)

• PureHealth launches Emirati Women chapter to empower national talent (WAM 15/03/2024)

• UAE ranked seventh globally, first regionally in 2024 Gender Inequality Index of UN Development Programme (WAM 14/03/2024)

• Seven healthcare facilities surpass Emiratisation goals (WAM 13/03/2024)

• GCC best places to work in retail 2024 (Arabian Business 13/03/2024)

• My Dubai Salary: ‘I earn Dh15,000 a month as a part-time doctor’ (The National 12/03/2024)
  

UAE Business and Economy News

• Burjeel Holdings announces plan to become Carbon Neutral by 2040 (WAM 18/03/2024)

• UAE joins International Atomic Energy Agency Response and Assistance Network (WAM 18/03/2024)

• ADREC signs MoU with Bayut and Dubizzle and Property Finder to enhance transparency and efficiency in Abu Dhabi's Real Estate Sector (WAM 18/03/2024)

• ADNOC signs second long-term Heads of Agreement for Ruwais LNG project (WAM 18/03/2024)

• Supreme Council of Energy approves increasing energy and water efficiency programmes in Dubai (WAM 18/03/2024)

• RTA finalises Phase III of Qualifying Facilities for use by People of Determination Project (Government of Dubai Media Office 18/03/2024)

• Supported by Access Abu Dhabi and Abu Dhabi Investment Office, KALM opens global headquarters in the emirate (Abu Dhabi Media Office 18/03/2024)

• Miral expanding Yas Bay Waterfront with beach developments (Abu Dhabi Media Office 18/03/2024)

• Sheikh Hamdan announces new university in Dubai (The National 18/03/2024)

• Adnoc signs 15-year LNG supply agreement with Germany’s Sefe (The National 18/03/2024)

• Emirati culture has long upheld the value of inclusivity (The National 18/03/2024)

• Top Ramadan apps in the UAE (Arabian Business 18/03/2024)

• Dubai launches new logo as Sheikh Hamdan approves AED40b policy to boost affordable housing (WAM 18/03/2024)

• 'RamadanInDubai' campaign brings exclusive shopping, memorable experiences for shoppers across city’s malls, retail districts (WAM 17/03/2024)

• UAE committed to strengthening international cooperation, promoting economic development (WAM 17/03/2024)

• Dubai clinics report surge in ADHD cases among women amid 'silent struggle' (The National 17/03/2024)

• Dubai: Developers compete to buy land plots as prices soar (Khaleej Times 17/03/2024)

• UAE Eid Al Fitr 2024 likely to begin on April 10, expected dates for long holiday revealed (Arabian Business 17/03/2024)

• Dubai: 5 most attractive off-plan investment opportunities in 2024 (Khaleej Times 16/03/2024)

• RTA endorses first version of NOC Submission Guidelines to streamline infrastructure projects (WAM 15/03/2024)

• Under patronage of Mansour bin Zayed, inaugural Global Rail Transport Infrastructure Exhibition & Conference to take place in Abu Dhabi (WAM 15/03/2024)

• Etihad Airways receives 1.4 million passengers in February (WAM 15/03/2024)

• Dubai welcomed 1.77 million international tourists in January 2024 (WAM 15/03/2024)

• UAE-India flights: Airline announces cheaper tickets in new fare categories (Khaleej Times 15/03/2024)

• Ramadan 2024: A guide to doing business in Dubai during the holy month (Arabian Business 15/03/2024)

• Modon expands 321 Sports in Hudayriyat Island (WAM 14/03/2024)

• Dubai Can initiative cuts single-use plastic water bottle usage by nearly 18 million in two years (WAM 14/03/2024)

• Yahsat, e& UAE to bring satellite connectivity to standard smartphones (WAM 14/03/2024)

• 2nd 'Industrialists' Career Exhibition' to run 22-23 April in Abu Dhabi (WAM 14/03/2024)

• Ministry of Economy discusses implementation of ZGB programme to ensure better services in UAE (WAM 14/03/2024)

• Dubai World Trade Centre receives 2.47 million visitors in 2023 (WAM 14/03/2024)

• Minister of Culture emphasises UAE's commitment to cultivating culture of knowledge (WAM 14/03/2024)

• Dubai updates truck ban hours for Ramadan 2024 (Arabian Business 14/03/2024)

• Vision Rx Lab launches ‘Nova AI’ lenses In UAE (Arabian Business 14/03/2024)

• Car sales in UAE forecast to see 50% jump during this year’s Ramadan (Arabian Business 14/03/2024)

• G42, Cerebras Break Ground on Condor Galaxy 3, an 8 exaFLOPs AI Supercomputer (WAM 13/03/2024)

• ADNEC Group to organise Bitcoin MENA Conference 2024 in Abu Dhabi (WAM 13/03/2024)

• G42 develops BoardNavigator to reimagine boardroom dynamics (WAM 13/03/2024)

• Environment Agency – Abu Dhabi publishes its annual report, showcasing its efforts to protect environment and achieve net zero (WAM 13/03/2024)

• Mohammed bin Rashid issues Decree on Unified Digital Platform for establishing companies in Dubai (WAM 13/03/2024)

• ATM 2024 addresses sustainability and innovation in aviation sector (WAM 13/03/2024)

• DEWA reduces carbon emissions by 92.5 million tonnes with production efficiency (WAM 13/03/2024)

• Dubai’s new app for the rich offers on-demand personal chefs, catering from top restaurants including Beefbar, Reif Kushiyaki (Arabian Business 13/03/2024)

• UAE eSim provider enables crypto payments as travel industry witnesses tourism boom (Arabian Business 13/03/2024)

• Dubai Holding unveils ‘Gift It Forward’ initiative to support 8,000 blue-collar workers, 500 low-income families (WAM 12/03/2024)

• GCAA, Etihad Airways, Thales set collaborative framework for optimising flight operations (WAM 12/03/2024)

• Public Prosecution warns against illegal fundraising, with AED200,000 minimum fine (WAM 12/03/2024)

• ADNOC issues early EPC award for Ruwais LNG Project (WAM 12/03/2024)

• DP World launches global freight forwarding network (WAM 12/03/2024)

• Dubai hotels saw 3.4% year-on-year growth, hitting 90.8% occupancy in February (WAM 12/03/2024)

• MoHAP hosts workshop on donation and transplantation of human organs and tissues (WAM 12/03/2024)

• Fatima bint Mubarak Centre marks one year of transformative cancer care in UAE (WAM 12/03/2024)

• Rabdan Academy announces strategic partnership with INTRA Defence Technologies (WAM 12/03/2024)

• Intersec launches new global platform for excellence in policing in Dubai (WAM 12/03/2024)

• Ministry of Energy and Infrastructure collaborates with NeoNautica to develop UAE Blue Pass platform (WAM 12/03/2024)

• UAE construction market valued at $94b in 2023 (WAM 12/03/2024)

• Dubai’s 3 new master communities set to boost villa, townhouse supply (Khaleej Times 12/03/2024)

• Dubai hotel occupancy and average room revenue up in February 2024 (Arabian Business 12/03/2024)

• Dubai to Abu Dhabi ‘flying taxi’ commutes in just 30 minutes to take off next year (Arabian Business 12/03/2024)
  

UAE Financial News

• EITC receives licences from UAE Central Bank to offer fintech services (WAM 18/03/2024)

• UAE corporate tax: Regulations on trade to consider (The National 18/03/2024)

• UAE banking sector poised for continued growth in 2024 (WAM 17/03/2024)

• MoF launches digital public consultation on implementation of Global Minimum Tax in UAE (WAM 15/03/2024)

• UAE launches digital public consultation on implementation of Global Minimum Tax (Khaleej Times 15/03/2024)

• Lunate Capital launches first UAE Bond ETF in UAE, GCC (WAM 14/03/2024)

• UAE Government revenues reach AED155.9b in Q4 2023 (WAM 14/03/2024)

• DP World announces FY2023 results with 6.6% revenue growth (WAM 14/03/2024)

• Majid Al Futtaim says profit up 12% despite global economic uncertainties (The National 14/03/2024)

• UAE announces government revenues of over $42b (Arabian Business 14/03/2024)

• Parkin completes record-breaking IPO, raising AED1.6b with offering 165 times oversubscribed (WAM 13/03/2024)

• Multiply Group showcases strong growth momentum, positive impact from its investments (WAM 13/03/2024)

• Investopia signs MoU with EFG Consulting to explore investment opportunities in Europe (WAM 13/03/2024)

• 2.5 million new loans and credit cards in 2023: Al Etihad Credit Bureau (WAM 13/03/2024)

• Mubadala to anchor Blue Opal Capital’s ventures fund II (WAM 13/03/2024)

• Moody’s revises outlook for UAE banks to 'positive' (The National 13/03/2024)

• Barakah Plant $2.42 billion refinancing recognised as Green Loan Facility, reinforcing its integral role in rapid decarbonisation of UAE power grid (WAM 12/03/2024)

• UAE sees over 25% growth in international card spending in 2023 (WAM 12/03/2024)

UAE Mergers & Acquisitions News

• Mohammed bin Rashid mandates incorporation of 'Nakheel and Meydan' into Dubai Holding Group under leadership of Ahmed bin Saeed Al Maktoum (WAM 16/03/2024)

• National Corporation for Tourism & Hotels expands its hotel portfolio through strategic acquisitions from Alpha Dhabi (WAM 15/03/2024)
  

UAE Bilateral Trade News

• Australian and Asian businesses accounted for 50% of MNCs attracted by Dubai International Chamber in 2023 (Government of Dubai Media Office 18/03/2024)

• Hayat Biotech partners with Kenya BioVax Institute to strengthen healthcare services in Kenya (Abu Dhabi Media Office 17/03/2024)

• UAE-US non-oil trade reached $31.4b in 2023 (WAM 15/03/2024)

• Abdullah bin Zayed congratulates Pakistani Foreign Minister, discusses strategic cooperation (WAM 15/03/2024)

• UAE, Hungary sign economic cooperation agreement to stimulate trade and investment (WAM 14/03/2024)

• UAE to develop mega Budapest project in a deal that could be valued at $10.9b (The National 14/03/2024)

• India approves trade corridor plans with UAE (Arabian Business 14/03/2024)

• ADIO expands Abu Dhabi’s trade links with Western Australia (WAM 13/03/2024)

• 15,000+ new Indian companies joined Dubai Chamber of Commerce in 2023 (WAM 12/03/2024)

• Dubai showcases diverse destination offerings at ITB Berlin 2024 Travel Trade Show (WAM 12/03/2024)

• $1.1b mark in Rwanda-UAE bilateral trade augurs bright future (WAM 12/03/2024)

• Abdullah bin Zayed discusses strengthening bilateral relations with new Ethiopian FM over phone (WAM 12/03/2024)
  

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Written by Jenny Hunt

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

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