UAE Weekly Business News 20/03/23

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

Welcome to Gateway Group's weekly collection of business highlights from Abu Dhabi and Dubai. It's the ideal way of staying informed about crucial UAE business news, conveniently in one place.

Simply scan through the headlines and choose the ones relevant to you. To read the full article, click the headline. The source is in purple for reference.

Don't miss it

The UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically.

Stayed Informed. Subscribe for free.

UAE Weekly Business News, Issue 128. 20th March 2023.

Abu Dhabi and Dubai trade license, entrepreneur, employment and visa-related news headlines

• RAK Ruler issues Law to establish world's first free zone dedicated to digital and virtual asset companies (WAM 20/03/2023)

• Will the UAE adopt a four-day working week? (The National 17/03/2023)

• Abu Dhabi Accountability Authority launches online recruitment platform (WAM 16/03/2023)

• Dubai Government employees to work remotely on Fridays during Ramadan (WAM 16/03/2023)

• Federal Government's official working hours during Ramadan to be 70% remote, 30% in person on Fridays (WAM 15/03/2023)

• MoHRE, GPSSA review developments related to NAFIS programme (WAM 15/03/2023)

• Ministry of Human Resources warns against unreliable social media pages promoting hiring of domestic workers (The National 14/03/2023)

• UAE issues licence for electric cargo aircraft (The National 14/03/2023)

UAE bilateral trade news headlines

• 24 Dubai companies join Dubai International Chamber's New Horizons Trade Mission to Kazakhstan (WAM 19/03/2023)

• Sarah Al Amiri visits Serbia to discuss cooperation in R&D, innovation and sustainability (WAM 19/03/2023)

• UAE, China review enhancing joint investment opportunities in new economic sectors (WAM 19/03/2023)

• UAE minister in Serbia to discuss co-operation after Cepa deal (The National 19/03/2023)

• AD Ports Group signs a 30-year Concession Agreement to develop and operate Safaga Port in Egypt (WAM 18/03/2023)

• Thani Al Zeyoudi launches UAE-Georgia Business Forum in Tbilisi to boost trade and investment ahead of CEPA (WAM 18/03/2023)

• Khalifa bin Tahnoun receives Romanian President at Wahat Al Karama (WAM 18/03/2023)

• Abu Dhabi-Japan Economic Council reviews significant growth in bilateral trade and investments (WAM 17/03/2023)

• UAE and Georgia conclude Comprehensive Economic Partnership Agreement (WAM 17/03/2023)

• UAE, Republic of Korea boosting cooperation in energy and climate action fields (WAM 17/03/2023)

• Al-Sayegh discusses bilateral economic cooperation with Korean Minister for Trade (WAM 17/03/2023)

• Emirates National Schools, Uzbek Ministry of Education sign cooperation agreement (WAM 17/03/2023)

• UAE, Russia strengthening economic cooperation

• Dubai International Chamber begins ‘New Horizons Trade Mission’ in Uzbekistan

• EDGE appointed as official representative of Bharat Dynamics Limited in UAE

• UAE President receives Secretary of Supreme National Security Council of Iran

• Italy and UAE energy companies discuss partnerships toward COP28 (WAM 16/03/2023)

• Abu Dhabi Investment Authority to invest $500m in India's Lenskart (The National 16/03/2023)

• UAE to invest $30b in Korea over the next few years (WAM 15/03/2023)

• AD Ports Group signs HoT for new multipurpose terminal in Pointe Noire Port, Congo (WAM 15/03/2023)

• Maktoum bin Mohammed meets with President and COO of JPMorgan Chase (WAM 15/03/2023)

• UAE President receives President of North Macedonia (WAM 15/03/2023)

• UAE participates in World Summit on Information Society Forum (WAM 14/03/2023)

• Tadweer signs MoU with Greater Amman Municipality (WAM 13/03/2023)

UAE business and economy-related news headlines

• Abu Dhabi Maritime launches online booking platform for Public Water Transport (WAM 20/03/2023)

• Department of Municipalities and Transport launches Al Nalia app for safe maritime navigation (Abu Dhabi Media Office 20/03/2023)

• ADGM's assets under management up 56% in 2022 (The National 20/03/2023)

• How will the UAE’s corporate tax affect larger businesses? (The National 20/03/2023)

• ADFD supports sustainable initiatives to enhance national industries’ global competitiveness (WAM 19/03/2023)

• Dubai steadily becoming a global centre for cutting-edge technology (The National 19/03/2023)

• State of UAE Retail Economy Q4 Report reveals consumer spending growth of 19% in 2022 (WAM 18/03/2023)

• Etihad Rail to boost UAE's status as regional trade centre (The National 18/03/2023)

• Banks provide AED83.3b in financial facilities to SMEs by end of 2022: CBUAE (WAM 17/03/2023)

• First 100% plant-based meat factory in Middle East opens in Dubai (WAM 17/03/2023)

• Presight AI’s IPO records 136-times oversubscription (WAM 17/03/2023)

• Seatrade Maritime Logistics Middle East to showcase opportunities in region’s offshore marine sector (WAM 17/03/2023)

• Major ADX deals total AED15.6b since start of 2023 (WAM 17/03/2023)

• Dubai records AED10b in weeklong real estate transactions (WAM 17/03/2023)

• Mubadala Business Management Services rebrands to ‘Solutions+’ to serve a wider client base (WAM 17/03/2023)

• Shams Solar Power Station: Ten years of renewable energy, reducing emissions (WAM 17/03/2023)

• Abu Dhabi’s Taqa developing a green finance framework and plans to issue more bonds (The National 17/03/2023)

• Abu Dhabi to host self-driving car races on F1 track next year (The National 17/03/2023)

• Mubadala's business management services unit considering IPO and acquisitions (The National 17/03/2023)

• Circular Packaging Association launches in UAE (WAM 16/03/2023)

• Federal Tax Authority launches 'Muwafaq Package' to facilitate doing business among SMEs (WAM 16/03/2023)

• Etihad Credit Insurance records 26% increase in value of insured non-oil commercial exports (WAM 16/03/2023)

• DMCC partners with key South Korean entities in blockchain, metaverse industries (WAM 16/03/2023)

• MoF announces results of preliminary state-level Government Finance Statistics for Q4 2022 (WAM 16/03/2023)

• Emirates Airline President to discuss rapid growth within Middle East aviation at 30th Arabian Travel Market, as regional traffic takes off (WAM 16/03/2023)

• Maktoum bin Mohammed approves new strategic plans of Dubai’s judicial entities (WAM 16/03/2023)

• Khaled bin Mohamed bin Zayed inaugurates AD Ports Group’s Digital District (WAM 16/03/2023)

• Dubai unveils world’s first secured digital certificates (The National 16/03/2023)

• Al Ansari IPO: UAE money exchange may raise as much as $210m (The National 16/03/2023)

• UAE Central Bank approves paperless direct debit marketplace to ease recurring payments (The National 16/03/2023)

• WLP welcomes 14 strategic Vietnamese partners to its growing network of international traders (WAM 15/03/2023)

• Dubai Chamber of Commerce launches three Gold Sector-Specific Business Groups (WAM 15/03/2023)

• TDRA announces 1b transactions via GSB (WAM 15/03/2023)

• Dubai Customs handles 5.535m bags, makes 166 seizures at Airport Terminal 2 in 2022 (WAM 15/03/2023)

• 6% service fees reduction helps real estate investors save AED37.2m in 2022 (WAM 15/03/2023)

• Emirates NBD Securities offers trading account opening through DFM application (WAM 15/03/2023)

• Air Arabia Abu Dhabi inaugurates its first flight to Kolkata (WAM 15/03/2023)

• Air Arabia aims to repeat strong 2022 passenger growth this year (The National 15/03/2023)

• UAE, Japan exploring fresh avenues of economic cooperation (WAM 14/03/2023)

• ADQ, EAD, Archireef deploy marine biodiversity restoration solution off Abu Dhabi's shore (WAM 14/03/2023)

• Second auction of Treasury Bonds in 2023 records bids worth AED5.51b (WAM 14/03/2023)

• 50% discount on COVID-19 fines effective from March 15 (WAM 14/03/2023)

• Amazon UAE site to showcase 100,000 companies, including local SMEs, by 2026 (The National 14/03/2023)

• Emirates boosts global network and seat capacity as travel demand soars (The National 14/03/2023)

• UAE enhancing leading position in gender balance: World Bank (WAM 13/03/2023)

• Dubai Customs witnesses 22.3% growth in completed refund claims to 1.2m in 2022 (WAM 13/03/2023)

• ADNOC Gas gains AED33.8b on first day after IPO at ADX (WAM 13/03/2023)

• Abu Dhabi Accountability Authority announces adoption of Code of Ethics for Professional Accountants in Abu Dhabi (Abu Dhabi Media Office 13/03/2023)

UAE Mergers & Acquisitions

• UBS seals Credit Suisse takeover in bid to calm market nerves (WAM 19/03/2023)

• Gulf exceptionalism creates M&A opportunities in the Middle East region despite global headwinds )(WAM 18/03/2023)

UAE Financial Results

• DP World announces record results with adjusted EBITDA of AED18,41b (WAM 16/03/2023)

• Yalla Group reports record revenues of AED1.1b in 2022 (WAM 14/03/2023)

If you find this resource informative and helpful,

please show your appreciation by clicking the ❤️ at the bottom of this page.

Thank you.

---

Written by Jenny Hunt

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

FORBES' Top 100 Most Influential Women in the Middle East

25 Best Abu Dhabi Blogs And Websites