UAE Weekly Business News 19/12/21

Gateway Group's weekly business news headlines for Abu Dhabi and Dubai, United Arab Emirates

Welcome to Gateway's 65th weekly roundup of business headlines in the UAE. This resource aims to help you quickly and conveniently keep in touch with business in Abu Dhabi and Dubai.

This is a bumper fortnight issue covering 12th December and 5th December, 2021.

Click the headlines to go directly to the articles. The source is in purple.

Trade licence and visa-related headlines

• CBUAE imposes financial sanctions on six Hawala providers operating in UAE (WAM 15/12/2021)

Bilateral trade-related headlines

• Argentina keen to enhance strong relations with UAE during Expo (WAM 05/12/2021)

• DAFZA, Torino Chamber of Commerce sign MoU (WAM 05/12/2021)

• Dubai Chamber hosts high-level delegation led by Costa Rican President (WAM 05/12/2021)

• Dubai Customs, India explore boosting cooperation (WAM 06/12/2021)

• DMCC, Polish Investment and Trade Agency sign MoU to strengthen bilateral relations (WAM 06/12/2021)

• FCCI, Polish Chamber of Commerce sign two MoUs (WAM 07/12/2021)

• DMCC hosts Fijian PM at Almas Tower to explore business opportunities in Dubai (WAM 07/12/2021)

• UAE, Colombia sign MoU to strengthen air transport relations (WAM 08/12/2021)

• UAE-KSA Business Forum highlights strong UAE-Saudi relations (WAM 08/12/2021)

• UAE, Poland join forces to strengthen economic cooperation, boost exports (WAM 08/12/2021)

• UAE, Singapore can play crucial role in driving GCC-ASEAN economic cooperation (WAM 10/12/2021)

• UAE Ministry of Energy and Infrastructure signs MoU with Panama Maritime Authority to enhance training and watchkeeping of seafarers (WAM 10/12/2021)

• UAE, Russia foreign trade hits $4 billion in 2021(WAM 12/12/2021)

• UAE, Mauritius discuss bolstering bilateral cooperation (WAM 12/12/2021)

• DMCC completes successful trade mission to Kyiv, Ukraine (WAM 13/12/2021)

• Mexico-UAE bilateral trade grows 38% in 5 years (WAM 13/12/2021)

• UAE a reliable partner for sustainable development, innovation, opportunity creation: Armenian Minister of Economy (WAM 13/12/2021)

• CBUAE, Iraq sign MoU to enhance joint cooperation in banking supervision (WAM 13/12/2021)

• DP World, Congo sign final agreement to develop Banana Port (WAM 13/12/2021)

• Mubadala, Bahrain's Mumtalakat to explore worldwide co-investment opportunities (WAM 14/12/2021)

• Saeed Al Tayer welcomes Romania’s Vice President of Senate (WAM 14/12/2021)

• Nahyan bin Mubarak calls for joint business ventures to boost UAE-Pakistan trade (WAM 15/12/2021)

• UAE-Kyrgyzstan Business Forum highlights bilateral business opportunities (WAM 15/12/2021)

• UAE, Malta discuss cooperation (WAM 16/12/2021)

• UAE, Colombia sign MoU for cooperation in cultural and creative industries (WAM 16/12/2021)

• Indian minister urges industrialists to use UAE’s infrastructure for growth (WAM 18/12/2021)

• (The National 21/11/2021)

UAE economy-related headlines

• UAE foreign trade over five decades totalled $9.3tn (WAM 05/12/2021)

• UAE capable of exporting renewable hydrogen to Europe in future (WAM 05/12/2021)

• Why the UAE's success can inspire you to build a vision for your business (WAM 05/12/2021)

• Travel guide: what to know before flying with Emirates and Etihad this Christmas (WAM 05/12/2021)

• Ministry of Finance, OECD organise joint seminar on transfer pricing and taxation treaties (WAM 06/12/2021)

• National steel industry gets representative body with formation of UAE Steel Producers Committee (WAM 06/12/2021)

• UAE’s nuclear energy industry, pivotal role in comprehensive development (WAM 06/12/2021)

• Dubai unveils programme to help creative talents set up businesses quickly (The National 06/12/2021)

• Etihad Rail's Abu Dhabi-Dubai train 'could lead to GCC-wide network' (The National 06/12/2021)

• Dubai property deals up 80% in November amid recovery (The National 06/12/2021)

• UAE consumers more careful with spending since Covid-19, survey finds (The National 06/12/2021)

• UAE's balanced energy policy will serve it as it embarks on greater transformation (The National 06/12/2021)

• Sheikh Hamdan lauds private sector’s role in enhancing career opportunities for UAE (The National 06/12/2021)

• UAE non-oil trade stood at AED18.3tn over 50 years (WAM 07/12/2021)

• Ministry of Economy presents details of new legislation on commercial companies, commercial registry, trademarks and copyright (WAM 07/12/2021)

• Emirates airline to hire more than 500 IT professionals (The National 07/12/2021)

• UAE weekend change moves Friday prayers permanently to 1.15pm (The National 07/12/2021)

• New insurance unveiled to help UAE pet owners save money on vet bills (The National 07/12/2021)

• Business activity in UAE improves to strongest level since June 2019 (The National 07/12/2021)

• Dubai launches 'The Dubai Framework for Cultural Statistics' (WAM 07/12/2021)

• Committee for National In-Country Value Programme holds inaugural meeting (WAM 08/12/2021)

• Number of ASEAN companies registered with Dubai Chamber increases by over 35% (WAM 08/12/2021)

• ASEAN countries target GCC as high-potential market for exporting halal products (WAM 08/12/2021)

• ADNOC and GE to develop decarbonization roadmap for power generation in ADNOC’s downstream and industry operations (WAM 08/12/2021)

• UAE’s weekend change to boost economic competitiveness (The National 08/12/2021)

• UAE's latest legal reforms indicate its business environment is 'flexible' (The National 08/12/2021)

• How the UAE is taking the lead globally in flexible working with weekend change (The National 08/12/2021)

• UAE’s in-country value programme to be implemented in all federal entities by year-end (The National 08/12/2021)

• UAE and Saudi Arabia commit to expand co-operation in energy projects (The National 08/12/2021)

• Abu Dhabi geared up to trial electric buses (The National 08/12/2021)

• National survey finds consumer, business confidence of Filipinos in UAE at all-time high (WAM 09/12/2021)

• UAE's new working week system to enhance production, integration into global economies (WAM 09/12/2021)

• Worldwide businesses embrace new UAE working week hours (The National 09/12/2021)

• RTA operates E-Scooters in 10 Dubai districts from Q1 2022 (WAM 11/12/2021)

• UAE Cabinet amends 'Food Labeling Policy' from mandatory to optional (WAM 11/12/2021)

• Mohamed bin Rashid issues law establishing Dubai Council to deliver Emirate's future vision (WAM 11/12/2021)

• Tourism growth in Dubai gathers pace with 4.88 million visitors between January - October 2021(WAM 11/12/2021)

• EWEC issues request for qualifications for development of Shuweihat S4 RO Independent Water (WAM 12/12/2021)

• ADAFSA launches Agricultural Investment Guide 2021-2022 in Abu Dhabi (WAM 12/12/2021)

• AD Ports Group celebrates Khalifa Port’s nine years of growth (WAM 12/12/2021)

• Dubai’s business conditions continue to remain at two-year high on Expo 2020 boost (The National 12/12/2021)

• GCC mergers and acquisitions volumes grow 39% in first half of 2021 (The National 12/12/2021)

• Minister of State for Financial Affairs meets Executive Director of World Bank Group (WAM 13/12/2021)

• UAE calls for supporting global tourism by encouraging investments, innovation in tourism projects (WAM 13/12/2021)

• Forbes Middle East unveils region’s top real estate and construction companies (WAM 13/12/2021)

• Central Bank of UAE considers Emiratisation of leading banking and insurance professions, approves criteria of UAE banks' loan exposure to real estate sector (WAM 13/12/2021)

• 92% of CEOs in UAE are confident about economy’s prospects, KPMG says (The National 13/12/2021)

• UAE ranks 14th globally in retail spending, survey shows (The National 13/12/2021)

• UAE salaries to rise by 3% in 2022 (The National 13/12/2021)

• FANR reviews Barakah Nuclear Power Plant progress, approves 2022 operational plan (WAM 14/12/2021)

• Borouge, ADNOC L&S enter long-term agreement to enable industrial growth in Ruwais (WAM 14/12/2021)

• Tawazun joins National ICV Programme to enhance performance of defense and security industries (WAM 14/12/2021)

• Ministry of Economy, Harvard University partner to support UAE's economic policy (WAM 14/12/2021)

• DIFC Courts launches Specialised Court for the Digital Economy (WAM 14/12/2021)

• Adnoc reveals oil discoveries in Block 4 concession (The National 14/12/2021)

• UAE property prices set to rise in 2022 amid government initiatives (The National 14/12/2021)

• Dubai takes initiative again to bring Accessible Tourism back to the fore (WAM 15/12/2021)

• IFC, ADGM launch initiative to boost opportunities for women-led startups and businesses (WAM 15/12/2021)

• New Abu Dhabi Guide offers families and adventurers tips and tricks for desert outings (WAM 15/12/2021)

• Sheikh Mohammed unveils UAE winter tourism drive (The National 15/12/2021)

• Abu Dhabi to bring in new border entry rules for commuters (The National 15/12/2021)

• Free coding school in Abu Dhabi has 1,000 places available (The National 15/12/2021)

• Moody's affirms Masdar's A2 rating and maintains stable outlook (The National 15/12/2021)

• Some 13,978 Bahraini nationals invest in UAE's public shareholding companies (WAM 16/12/2021)

• CBUAE Governor outlines domestic economic recovery and enhanced consumer protection measures in (WAM 16/12/2021)

• UAE, IAEA cooperation a cornerstone in ensuring sustainability of UAE Nuclear Energy Programme (WAM 16/12/2021)

• UAE leads successful extension of falconry on UNESCO’s Representative List of Intangible Cultural Heritage of Humanity (WAM 16/12/2021)

• Digital transformation initiatives help entrepreneurs thrive in Dubai's business scene (The National 16/12/2021)

• The UAE is 'Silicon Valley meeting Wall Street to talk about emerging economies', IFC says (The National 16/12/2021)

• Dubai’s property deals up 88 per cent in first 11 months of 2021 (The National 16/12/2021)

• Dubai Harbour celebrates successful start to inaugural cruise season (WAM 17/12/2021)

• Federal Tax Authority confirms systems’ readiness of VAT Refund Scheme for Tourists (WAM 18/12/2021)

• Digital DEWA’s Moro Hub breaks ground for largest solar-powered data centre in MENA (WAM 18/12/2021)

• Abu Dhabi border scanners for Covid-19 in place for commuters today (The National 19/12/2021)

• Emirates teams up with Al Hosn for easier travel to EU countries (The National 19/12/2021)

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Written by Jenny Hunt, Founding Partner & Strategic Advisor to the Gateway Group of Companies, Abu Dhabi & Dubai UAE

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