Jenny Hunt
UAE Weekly Business News 20/03/23
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UAE Weekly Business News, Issue 128. 20th March 2023.
Abu Dhabi and Dubai trade license, entrepreneur, employment and visa-related news headlines
Will the UAE adopt a four-day working week? (The National 17/03/2023)
MoHRE, GPSSA review developments related to NAFIS programme (WAM 15/03/2023)
UAE issues licence for electric cargo aircraft (The National 14/03/2023)
UAE bilateral trade news headlines
UAE minister in Serbia to discuss co-operation after Cepa deal (The National 19/03/2023)
Khalifa bin Tahnoun receives Romanian President at Wahat Al Karama (WAM 18/03/2023)
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)
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
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)
Dubai steadily becoming a global centre for cutting-edge technology (The National 19/03/2023)
Etihad Rail to boost UAE's status as regional trade centre (The National 18/03/2023)
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)
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)
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)
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)
TDRA announces 1b transactions via GSB (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)
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)
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)
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)
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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