UAE Weekly Business News 18/09/23

Gateway Group's UAE Weekly Business News. Abu Dhabi and Dubai trade and investment headlines.

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UAE Weekly Business News, Issue 154. 18th September 2023.

UAE free zones news

• DMCC launches future of trade report on lab-grown diamonds (Goverment of Dubai Media Office 18/09/2023)

• Abu Dhabi continues to be destination of choice for global players with ADGM’s record-breaking H1 2023 (WAM 14/09/2023)

• ADGM's assets under management up 35% in first half as it attracts more businesses (The National 14/09/2023)

• Dubai on a roll with Swiss investors as UAE strikes up $21b of trade with Switzerland (Arabian Business 14/09/2023)

UAE employment, visa and Emiratisation news

• Ducab Group reports remarkable progress on Emiratisation (WAM 17/09/2023)

• Moving to Dubai for work? Here's how to bring your family with you (Khaleej Times 17/09/2023)

• RTA looks to hire 200 new recruits (Arabian Business 17/09/2023)

• Emiratisation set to herald a transformative era for private sector (Khaleej Times 15/09/2023)

• Dubai Customs achieves ISO 30414 certification, leading the Way in human capital excellence (WAM 14/09/2023)

• Seven ways UAE workers can invest end-of-service benefits for retirement (The National 14/09/2023)

• UAE unemployment insurance now available on BOTIM as deadline nears (Arabian Business 14/09/2023)

• MoHRE revokes licenses of two domestic worker recruitment agencies over legal violations (WAM 13/09/2023)

• Majority of UAE employees believe AI will alter the way they work (The National 13/09/2023)

• Ranking the best recruitment agencies in Dubai (Khaleej Times 13/09/2023)

• UAE exempts citizens of Armenia from pre-entry visas (WAM 12/09/2023)

• UAE lifts Nigeria visa ban (Arabian Business 11/09/2023)

UAE business and trade news

• Ewec invites expressions of interest for Khazna solar plant (The National 18/09/2023)

• How UAE businesses are building a more sustainable future (The National 18/09/2023)

• How creative professionals can help boost economic growth (The National 18/09/2023)

• UAE announces public sector holiday for Prophet Mohammed (The National 18/09/2023)

• Emirates announces three additional flights to Saudi Arabia (Khaleej Times 18/09/2023)

• The Surpluss becomes first UAE-based UN global climate campaign accelerator (Arabian Business 18/09/2023)

• Dubai real estate market booms: New projects gain momentum as new buyers flock in (Khaleej Times 17/09/2023)

• DEWA adopts new Microsoft generative AI tool to drive digital transformation (WAM 16/09/2023)

• Dubai’s apartments record higher price gains on strong demand in August (The National 16/09/2023)

• Abu Dhabi launches 'milestone' Al Dhafra marina projects (The National 16/09/2023)

• Future Food Forum 2023 to continue pioneering advancement of F&B sector in the region (WAM 15/09/2023)

• Etisalat by e& completes world’s first trial for large capacity transmission network (WAM 15/09/2023)

• Dubai sees over AED12.7b in weeklong real estate transactions (WAM 15/09/2023)

• 3rd Abu Dhabi Brain Conference discusses latest advancements and research findings in neurology (WAM 15/09/2023)

• Bayanat partners with HySpecIQ and AzurX to enable hyperspectral imaging and analysis in UAE (WAM 15/09/2023)

• ADAFSA implements integrated strategy to develop date palm cultivation, production in Abu Dhabi (WAM 15/09/2023)

• STARZPLAY partners with Italy’s Lega Serie A, PureHealth and Image Nation Abu Dhabi (Abu Dhabi Media Office 15/09/2023)

• Hamdan bin Zayed inaugurates Sila Community Harbour and Al Fayiyi Island Marina (Abu Dhabi Media Office 15/09/2023)

• COFTT unveils new online marketplace, linking consultants with clients in UAE (Khaleej Times 15/09/2023)

• UAE authority says all mobile phones approved through rigorous process (Arabian Business 15/09/2023)

• Dubai coffee market expects AED1b sales in 2023 (Arabian Business 15/09/2023)

• Mohammed bin Rashid issues law instituting Hamdan bin Rashid Al Maktoum Establishment for Medical and Educational Sciences (WAM 14/09/2023)

• Abu Dhabi City Municipality evaluates benefits of Midday Summer Work Ban at construction sites

• NYU Abu Dhabi researchers develop new light-based cancer therapy (WAM 14/09/2023)

• Dubai Municipality's new wave of digital services redefine urban governance (WAM 14/09/2023)

• Dubai tops second-quarter sales for $10m-plus homes (The National 14/09/2023)

• Dubai: Why tenants are renewing contracts despite increasing rents (Khaleej Times 14/09/2023)

• Dubai Municipality records 19% increase in smart transactions (Arabian Business 14/09/2023)

• Dubai’s Hala Taxi records 36% increase in trips (Arabian Business 14/09/2023)

• Sheikh Hamdan launches Dubai Police Genome Centre (Arabian Business 14/09/2023)

• Short-term rentals market the new game changer for Dubai’s thriving real estate market (Arabian Business 14/09/2023)

• Dubai announces plan to build 55 new parks (Arabian Business 14/09/2023)

• DIFC announces launch of first-ever residential project (Arabian Business 14/09/2023)

• IGCF 2023: UAE leads global development indices (WAM 13/09/2023)

• World of Coffee Dubai 2024 highlights promising prospects for development and expansion of coffee (WAM 13/09/2023)

• EDGE Group’s Milrem Robotics Unveils UGV equipped with Hunter 2-S Swarming Drones (WAM 13/09/2023)

• Supreme Audit Institution launches Al Nokhba programme (WAM 13/09/2023)

• Etihad Airways, Tawazun Council, GE Aerospace partner to integrate digital solutions for flight safety, efficiency (WAM 13/09/2023)

• MoE introduces 19 free contract templates for UAE companies, startups (WAM 13/09/2023)

• Heads of state, ministers, CEOs to convene in Abu Dhabi in October for World Investment Forum (WAM 13/09/2023)

• UAE ranks amongst world leaders in solar energy (WAM 13/09/2023)

• MoEI reveals details of Federal Law regulating weights and dimensions of heavy vehicles (WAM 13/09/2023)

• UAE to host 25th Gulf Engineering Forum in February 2024 (WAM 13/09/2023)

• Mansour bin Zayed announces opening of 11 schools nationwide as part of Zayed Educational Complexes (WAM 13/09/2023)

• UAE Attorney-General emphasises country's enduring commitment to rule of law and equality (WAM 13/09/2023)

• Middle East digital media hub blinx set to launch in Dubai (The National 13/09/2023)

• Dubai: No check-in counters at airport, single biometric tech for check-in, immigration and boarding (Khaleej Times 13/09/2023)

• Dubai: New 4-lane bridge to cater to 14,400 vehicles per hour in both directions (Khaleej Times 13/09/2023)

• UAE women investors hit AED100b milestone, real estate investment surging 50% (Arabian Business 13/09/2023)

• Dubai property prices up 19.6% and rents climb 21.6% in past year (Arabian Business 13/09/2023)

• ADIA Lab symposium to address key challenges in climate change and health sciences (WAM 12/09/2023)

• ADQCC approves four technical documents for services infrastructure in Abu Dhabi (WAM 12/09/2023)

• DEWA’s hydroelectric power plant in Hatta is 74% complete (WAM 12/09/2023)

• Federal Geographic Information Centre launches 'Union Atlas' (WAM 12/09/2023)

• Dubai’s surging rental costs fuel long-stay hotel living boom (Arabian Business 12/09/2023)

• UAE updates Al Hosn app (Arabian Business 12/09/2023)

• Dubai’s Emirates announces Sydney flight changes from November (Arabian Business 12/09/2023)

• Circular Economy Policy Committee explores means to promote circular economy practices within private (WAM 11/09/2023)

• 52nd Watch & Jewellery Middle East Show to begin September 27th (WAM 11/09/2023)

• Abu Dhabi Maritime reports significant increase in safe waterway usage in the emirate (Abu Dhabi Media Office11/09/2023)

• UAE's new commercial agencies law expected to improve business competitiveness (The National 11/09/2023)

• Why new trade link between India, Middle East and Europe is a win for all (The National 11/09/2023)

UAE financial news

• UAE achieves substantial progress in countering money laundering, terrorist financing in H1 (WAM 18/09/2023)

• Maktoum bin Mohammed: Strong fiscal performance; diversified government revenues reflect efficient fiscal policy (WAM 17/09/2023)

• Lunate launches in Abu Dhabi with over $50b assets under management (WAM 15/09/2023)

• UAE mobile banking: 5 trends changing the way we spend (Arabian Business 15/09/2023)

• Infracapital successfully closes largest ever co-investment processinto Zenobē (WAM 14/09/2023)

• Mubadala Capital launches Capital Solutions business, Apollo makes investment in new strategy (WAM 14/09/2023)

• Digital bank Wio expands service to include retail customers (The National 14/09/2023)

• UAE, OECD host regional forum on global minimum tax (WAM 13/09/2023)

• UAE Banks' investments grow 18.8% in July to AED580b (WAM 13/09/2023)

• GCC banks to post stronger profitability on non-oil economic boom (The National 13/09/2023)

• UAE working to develop a 'strong and sustainable' tax ecosystem (The National 13/09/2023)

• UAE's financial wealth to grow by 5.5% annually, reaching US$1.3t by 2027 (WAM 12/09/2023)

• OPEC sees UAE economy continuing to grow in 2023 (WAM 12/09/2023)

• S&P expects UAE banks to perform strongly in 2023, with credit growth of 7% (WAM 12/09/2023)

• UAE banks to see 7% credit growth this year: report (Arabian Business 12/09/2023)

• Mubadala commits US$1b to Blue Owl Capital’s technology lending strategy (WAM 11/09/2023)

• LuLu Group plans to launch IPO in the first half of 2024 (The National 11/09/2023)

UAE mergers and acquisitions news

• Ethmar International Holding acquires stake in Al Ain Pharmacy Group (WAM 18/09/2023)

• Imkan buys Abu Dhabi Arch Marble and Granite Factory in expansion push (The National 15/09/2023)

• Emirates NBD Group makes strategic equity investment in sustainability start-up Erguvan (WAM 14/09/2023)

• Aldar Estates expands portfolio through undefined acquisition of FAB Properties (WAM 11/09/2023)

UAE bilateral trade news

• Fertiglobe, AD Ports Group to explore collaboration opportunities in Egypt, UAE (WAM 18/09/2023)

• US ambassador says Abu Dhabi relationship is 'anchor' in Middle East (The National 18/09/2023)

• Mariam Almheiri heads UAE delegation at G77+China Summit in Cuba (WAM 17/09/2023)

• Federation of UAE Chambers calls on business owners to participate in 1st Gulf-Iraq Business Forum (WAM 17/09/2023)

• Saqr Ghobash, Chinese top parliamentarian review advancing cooperation (WAM 17/09/2023)

• Saqr Ghobash visits Huawei in Beijing (WAM 16/09/2023)

• UAE takes part in Budapest Demographic Summit (WAM 16/09/2023)

• Rail and shipping trade link to benefit global economy (The National 16/09/2023)

• UAE and China’s Hainan Province sign multiple deals to boost cooperation in priority sectors (WAM 15/09/2023)

• Minister of Economy meets officials, investors from China, Hong Kong (WAM 15/09/2023)

• UAE, Russia discuss cooperation in higher education, scientific research (WAM 15/09/2023)

• UAE supports GCC trade, industry, investment integration and non-oil growth (WAM 14/09/2023)

• FTA showcases stages of development of UAE tax system at 4th Belt and Road Conference (WAM 14/09/2023)

• UAE supports Belt and Road Initiative (WAM 14/09/2023)

• Khalifa Al Marar meets Iraqi President to discuss enhancing bilateral relations (WAM 14/09/2023)

• GCC and UK aim to boost trade as top ministers meet in Oman (The National 14/09/2023)

• Dubai and Hong Kong forge financial services partnership to activate economic corridor (Khaleej Times 14/09/2023)

• UAE's Belt and Road Initiative Summit participation highlights its role as global trade hub linking Asia, Europe and Africa (WAM 13/09/2023)

• Noura Al Kaabi discusses strengthening bilateral relations with Indian Ambassador to UAE (WAM 13/09/2023)

• Dubai International Chamber further strengthens its presence in Europe with launch of new office in Paris (WAM 12/09/2023)

• UAE, Germany co-host workshop on hydrogen strategies and carbon markets (WAM 12/09/2023)

• Thani Al Zeyoudi participates in WTO Public Forum in Geneva (WAM 12/09/2023)

• Bin Touq leads UAE delegation to 8th Belt and Road Summit (WAM 12/09/2023)

• Japanese official upbeat on areas of cooperation between Japan and UAE (WAM 12/09/2023)

• Borouge solutions supports energy sector in Rwanda (WAM 12/09/2023)

• UAE and Philippines explore enhancing trade, investments opportunities (WAM 12/09/2023)

• India aims to cooperate with UAE in smart cities, technologies (WAM 11/09/2023)

• Amanat Holdings, Mada International Holding to partner on post-acute care PPP projects in Saudi Arabia (WAM 11/09/2023)

• ENEC signs MoU with ORLEN Synthos Green Energy to advance Small Modular Reactors (WAM 11/09/2023)

• Dubai Chamber connects with 20+ business councils for cross-border partnerships (WAM 11/09/2023)

• UAE President and President of Nigeria discuss enhancing cooperation (WAM 11/09/2023)

Leading up to COP28 in the UAE

30th November-12th December 2023

• G77+China seeks to contribute to COP28 success: Cuban Ambassador (WAM 17/09/2023)

• Cop28: UAE to show world how to move from words to action (The National 15/09/2023)

• Masdar to showcase nation’s renewables leadership with prominent presence at COP28 (WAM 14/09/2023)

• Ministry of Tolerance and Coexistence, COP28 Presidency sign MoU to promote tolerance (WAM 14/09/2023)

• UAE Embassy in Türkiye launches promotional campaign for COP28 (WAM 13/09/2023)

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Written by Jenny Hunt

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

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