UAE Weekly Business News 20/02/23
Updated: Feb 21
Welcome to Gateway Group's weekly roundup of business headlines for Abu Dhabi and Dubai. It's an ideal way of quickly and conveniently keeping clued up on essential business news in the UAE.
Simply scan through the headlines, choose those which are relevant to you and click the headlines to go directly to the articles. The source is in purple for reference only.
The UAE Weekly Business News is published every Monday. Subscribe to our blog to get it emailed to you each week.
UAE Weekly Business News, Issue 124. 20th February 2023.
Abu Dhabi and Dubai trade license, entrepreneur, employment and visa-related news headlines
Registering Emirati employees in private sector on pension, social security systems 'mandatory’ for companies: MOHRE (WAM 16/02/2023)
GPSSA’s inspection campaign aims to correct practices rather than release violations (WAM 16/02/2023)
Abu Dhabi Labour Court adopts new arrangements to pay workers' entitlements in record time (WAM 16/02/2023)
Abu Dhabi launches 'Hub71+ Digital Assets' to accelerate growth of Web3 startups (WAM 15/02/2023)
ILO recognises UAE’s reforms to improve social protection (WAM 14/02/2023)
Latifa bint Mohammed witnesses ‘She Wins Arabia’ initiative to empower women entrepreneurs (WAM 14/02/2023)
UAE bilateral trade news headlines
Mansour bin Zayed meets with President of Turkmenistan (WAM 19/02/2023)
Abu Dhabi delegation to Israel explores innovation, business opportunities (WAM 19/02/2023)
DEWA CEO discusses bilateral cooperation with a high-level delegation from Emerson (WAM 19/02/2023)
UAE, India mark first anniversary of signing CEPA with series of events (WAM 18/02/2023)
India’s IIT to open first overseas campus in Abu Dhabi (The National 18/02/2023)
UAE-India trade grows 10% in the first year of Cepa deal (The National 18/02/2023)
Al Zeyoudi meets delegation from Conference of Presidents of Major American Jewish Organisations (WAM 17/02/2023)
DEWA CEO discusses cooperation with France’s satellite operator Eutelsat (WAM 17/02/2023)
UAE participates in Conference of WMO’s Regional Association I in Ethiopia (WAM 17/02/2023)
UAE and Egypt sign MoU to fight money laundering and terrorist financing (WAM 16/02/2023)
WLP signs MoUs with Thai’s Logistics Service Provider and National Shippers to promote logistics (WAM 16/02/2023)
Kyrgyzstan supports UAE’s initiatives for COP28 (WAM 16/02/2023)
UAE, Romania to enhance investment exchanges in technology, transportation, logistics & food (WAM 16/02/2023)
Abu Dhabi Chamber, India's FICCI explore new areas of collaboration (WAM 16/02/2023)
Edge entity Al TARIQ signs MoU with Bharat Dynamics (WAM 16/02/2023)
FCCI, Algerian Embassy discuss economic cooperation (WAM 15/02/2023)
EDGE entity AL TARIQ signs MoU with HAL for platform integration (WAM 15/02/2023)
First Middle East LNG Cargo to Germany successfully delivered by ADNOC (WAM 15/02/2023)
UAE Gender Balance Council explores ways to boost partnership with World Economic Forum (WAM 15/02/2023)
Mira initiative plants seeds of hope for underprivileged farmers in Afghanistan (WAM 15/02/2023)
Hamdan bin Mohammed meets with CEO of Japan’s Rakuten Group (WAM 15/02/2023)
UAE President receives PM of Libya’s Government of National Unity (WAM 15/02/2023)
Women in Government Forum hosts panel discussion on ‘Powering the Future by Her’ (WAM 15/02/2023)
Mohammed bin Rashid meets with Prime Minister of Azerbaijan (WAM 15/02/2023)
Mohammed bin Rashid meets with President of Seychelles (WAM 15/02/2023)
UAE Food Bank partners with Regional Food Banks Network to save food from wastage, spoilage (WAM 15/02/2023)
UAE President receives message from President of Costa Rica (WAM 15/02/2023)
UAE Foreign Minister meets US counterpart, senators in Washington (WAM 15/02/2023)
Gargash meets British delegation, explores cooperation (WAM 15/02/2023)
Saif bin Zayed meets with Global General Counsel of TikTok (WAM 15/02/2023)
UAE, Kuwait announce linkage of traffic systems (WAM 15/02/2023)
Saif bin Zayed meets Prime Minister of Iraqi Kurdistan Regional Government (WAM 15/02/2023)
ADFD, UNIDO discuss joint efforts to drive sustainable development (WAM 15/02/2023)
UAE President receives Chairman of Transitional Sovereignty Council of Sudan (WAM 14/02/2023)
World Government Summit launches ‘Governing the Metaverse’ report to unlock vast Web3 potential (WAM 14/02/2023)
Costa Rica’s Foreign Minister in cooperation talks with Abu Dhabi Fund for Development on sustainable projects (WAM 14/02/2023)
Saif bin Zayed, Rwandan Prime Minister launch UAE-Rwanda partnership to exchange government experience (WAM 14/02/2023)
UAE pension authority participates in workshop held in Riyadh to exchange expertise (WAM 14/02/2023)
Saif bin Zayed meets Secretary of Interior and Local Government of Philippines (WAM 14/02/2023)
Mohammed bin Rashid meets with Secretary-General of Gulf Cooperation Council (WAM 14/02/2023)
Mohammed bin Rashid meets with Tunisian PM (WAM 14/02/2023)
Mohammed bin Rashid meets with PM of Albania (WAM 14/02/2023)
UAE, Jordan, Egypt and Bahrain to sign multimillion-dollar industrial agreements (The National 14/02/2023)
Mohammed bin Rashid meets with the President of Paraguay (WAM 13/02/2023)
WGS, Bain and Company issue a report on 'The Working Future: A Focus on the GCC’ (WAM 13/02/2023)
Mohammed bin Rashid and Georgia’s Prime Minister witness the signing of an agreement to enhance cooperation in government excellence (WAM 13/02/2023)
Hamdan bin Mohammed meets with Meta’s President for Global Affairs (WAM 13/02/2023)
UAE Ambassador meets Yemeni Prime Minister (WAM 13/02/2023)
Mohammed bin Rashid meets with Prime Minister of Kuwait (WAM 13/02/2023)
Mohammed bin Rashid meets with Egyptian President (WAM 13/02/2023)
Mohammed bin Rashid meets with WTO Director-General (WAM 13/02/2023)
WGS, McKinsey & Company launch ‘Skills Revolution and Future of Learning and Earning’ report (WAM 13/02/2023)
TDRA releases Arabic version of UN's E-Government Survey at WGS 2023 (WAM 13/02/2023)
GCC benefitting from 'relentless' economic reforms besides high oil prices, IMF chief says (The National 13/02/2023)
Abu Dhabi and Dubai economy-related news headlines
Why Dubai's Jumeirah Village Circle is booming right now (The National 20/02/2023)
Hamdan bin Mohammed approves updated model for government excellence in Dubai (WAM 19/02/2023)
Dubai’s Department of Economy and Tourism takes part in Gulfood 2023 (WAM 19/02/2023)
International Defence Conference panel discussions address strategic, crucial topics for defence, security (WAM 19/02/2023)
Dubai Can initiative cuts single-use plastic bottle usage by over 7m (WAM 19/02/2023)
Dubai Chamber of Digital Economy drives conversation on state of e-commerce market (WAM 19/02/2023)
KEZAD Group enhances UAE vision for food security via largest integrated hub (WAM 19/02/2023)
Federal Tax Authority releases UAE PASS feature on EmaraTax platform (WAM 19/02/2023)
UAE Aviation industry set for new addition with SDF’s announcement of 'HelioTech' (WAM 19/02/2023)
IDEX real opportunity to review UAE's development: Secretary-General of Tawazun Council (WAM 18/02/2023)
IDEX offers promising economic and defence opportunities (WAM 18/02/2023)
IDEX’s organisation reflects the strength of the UAE’s infrastructure and expertise (WAM 18/02/2023)
NAVDEX provides an opportunity to showcase the latest in Maritime Defence (WAM 18/02/2023)
IDEX, NAVDEX embody the UAE’s concept of soft power (WAM 18/02/2023)
IDEX, NAVDEX provide promising prospects for development of national defence industries, diversification of national economy (WAM 18/02/2023)
IDEX: 30 years of achievements and success (WAM 18/02/2023)
IDEX reflects a new chapter of UAE's excellence, leadership and success (WAM 18/02/2023)
Dubai records AED10.4b in weeklong real estate transactions (WAM 17/02/2023)
Breakbulk Middle East 2023 hosts 100% more attendees than its previous edition (WAM 17/02/2023)
Gross subscriptions written reaches AED4.35 billion for Takaful insurance sector in 2021: CBUAE (WAM 17/02/2023)
ADNOC announces intention to float 4% minority stake in ADNOC Gas on ADX (WAM 17/02/2023)
Food delivery robots hit the streets of Dubai (The National 17/02/2023)
EDGE’s Naval Arm ADSB holds keel laying ceremony for first FALAJ3 vessel (WAM 16/02/2023)
Written premiums for listed insurance companies total over AED29b in 2022 (WAM 16/02/2023)
Etihad to launch new flights connecting Abu Dhabi, Lisbon on 2 July 2023 (WAM 16/02/2023)
Wizz Air Abu Dhabi inaugurates new route to Saudi, enhances regional connectivty (WAM 16/02/2023)
MoIAT forms Industrial Sustainability Alliance (WAM 16/02/2023)
Investopia, Mubadala sign strategic partnership (WAM 16/02/2023)
Hamdan bin Mohammed inaugurates world’s largest solar-powered data centre (WAM 16/02/2023)
Abu Dhabi University to integrate GPT-3 on its data and services (WAM 16/02/2023)
DMCC announces 17% diamond trade growth in 2022 (WAM 16/02/2023)
Dubai Future Foundation signs agreement to launch Senseable City Lab (WAM 16/02/2023)
UAE Press: Increasing food security with desert crops is no novelty project (WAM 16/02/2023)
UAE's Sultan Al Neyadi gears up for space mission (The National 16/02/2023)
UNIDO to launch International Centre for Industry Readiness in Abu Dhabi (WAM 15/02/2023)
Digital School, Emirates Red Crescent establish AED100 million fund supporting digital education projects (WAM 15/02/2023)
Brooge Energy partners with Siemens Energy to develop Green Hydrogen and Ammonia Plant in Abu Dhabi (WAM 15/02/2023)
UAE launches 'Industrial Technology Transformation Index' to drive digitalisation and sustainability (WAM 15/02/2023)
UAE AI Office partners with Vista to advance digital economy (WAM 15/02/2023)
Expo City Dubai’s ‘Hai Ramadan’ to celebrate holy month with 50-plus days of festivities (WAM 15/02/2023)
Tadweer, LanzaTech to explore collaboration on conversion of waste to alternative fuels (WAM 15/02/2023)
UAE unveils second Industry 4.0 Enablement Centre ‘District 4.0’ (WAM 15/02/2023)
Lockheed Martin’s UAE interns to unveil AI-powered solution for aircraft engine inspection at IDEX (WAM 15/02/2023)
Qatar World Cup and Dubai Expo success provides blueprint for regional mega events (The National 15/02/2023)
World's biggest R&D vertical farm opens in Abu Dhabi to seed the future of food (The National 15/02/2023)
Abu Dhabi’s economy shows fastest growth rates in MENA region at 10.5% (WAM 14/02/2023)
UAE has adopted excellence and quality as a way of life in all government sectors: Saif bin Zayed (WAM 14/02/2023)
flydubai launches daily flights to Mogadishu from 9 March (WAM 14/02/2023)
Hamdan bin Mohammed launches Dubai Future Readiness Index during World Government Summit 2023 (WAM 14/02/2023)
Dubai Municipality holds dialogue sessions on design development in global cities (WAM 14/02/2023)
Masdar City a global model for sustainable urban development (WAM 14/02/2023)
Dubai Future Foundation unveils 50 new future opportunities during WGS 2023 (WAM 14/02/2023)
Dubai Municipality, DEWA sign agreement to buy electricity from Dubai Waste Management Centre (WAM 14/02/2023)
Abu Dhabi Fund for Development, IFC to finance sustainable private sector projects (WAM 14/02/2023)
UAE and Saudi Arabia drive GCC's 'significant improvement' in economic diversification (The National 14/02/2023)
Aramex completes testing of drone and bot delivery service in Dubai (The National 14/02/2023)
Abu Dhabi launches programme to boost procurement opportunities for SMEs (The National 14/02/2023)
Dubai Municipality, PMI sign MoU with to develop HR capabilities in project management (WAM 13/02/2023)
DEWA, ENOC sign MoU to develop, operate hydrogen-based mobility pilot project (WAM 13/02/2023)
UAE Mergers & Acquisitions
EDGE expands its portfolio by acquiring GRADEONE (WAM 17/02/2023)
EDGE acquires majority stake in Europe’s leading developer of robotics 'Milrem Robotics' (WAM 15/02/2023)
ADNOC distribution completes acquistion of 50% stake in TotalEnergies Marketing Egypt (WAM 15/02/2023)
Alabbar’s Noon completes acquisition of fashion retailer Namshi (The National 13/02/2023)
UAE Financial Results
United Arab Bank reports financial results for 2022 (WAM 17/02/2023)
Earnings of 123 listed Emirati companies total AED191b in 2022 (WAM 16/02/2023)
Listed real estate companies double earnings in 2022 (WAM 16/02/2023)
Revenues of Zakat Fund reached AED250.6m in 2022 (WAM 16/02/2023)
Emaar announces record property sales of AED 35.1b (WAM 15/02/2023)
AD Ports Group's 2022 financial results reveal 41% revenue growth to AED 5.5b (WAM 15/02/2023)
Tabreed's 2022 net income climbs 3% on revenue boost (The National 15/02/2023)
Amanat's adjusted 2022 net profit up 14% to $32m (The National 15/02/2023)
Shuaa Capital more than doubles Q4 profit on 'strategic transformation' (The National 15/02/2023)
du records AED1.22b in net profit during 2022 (WAM 14/02/2023)
SALAMA's 2022 preliminary net profit reaches AED45.27m (WAM 14/02/2023)
TAQA Group reports year 2022 net income of AED8b (WAM 14/02/2023)
ADNIC reports full year 2022 net profit of AED377.9m (WAM 14/02/2023)
IHC's 2022 net profit almost tripled on revenue boost (The National 14/02/2023)
Americana reports 27% jump in 2022 net profit on revenue boost (The National 14/02/2023)
Dubai developer Union Properties swings to $8m profit in 2022 (The National 14/02/2023)
Fertiglobe reports 78% rise in 2022 net profit on higher fertiliser selling prices (The National 14/02/2023)
Air Arabia delivers record 2022 net profit of AED1.2b (WAM 13/02/2023)
RAKBANK delivers highest annual profit growth of 53.4% YoY in over decade (WAM 13/02/2023)
top (The National 13/02/2023)
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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