UAE Weekly Business News 23/05/21

Gateway Group's UAE Weekly News Roundup. Abu Dhabi and Dubai trade 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.

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UAE Weekly Business News, Issue 37. 23rd May 2021.

UAE trade licence-related headlines

• Central Bank of UAE revokes licence of Dubai-based brokerage firm (The National 18/05/2021)

• Al Quoz has 12,437 operating companies to date (WAM 18/05/2021)

• ADDED announces 1,105 commercial and industrial activities available for foreign ownership (WAM 20/05/2021)

• UAE eases procedures for unified tour guide licences (The National 22/05/2021)

• Abu Dhabi shuts down restaurant for food safety violation (Khaleej Times 22/05/2021)

UAE bilateral trade-related headlines

• ADEX, TDB to bolster UAE-African trade through US$30 million facility agreement (WAM 17/05/2021)

• Abu Dhabi Chamber and Russia-UAE Business Council discuss boosting trade and economic cooperation (WAM 18/05/2021)

• New Turkish ambassador to UAE takes office (The National 18/05/2021)

• Hungary to open new tourism office in Dubai (Khaleej Times 18/05/2021)

• Emirates forges partnership with Indonesia to support tourism industry recovery (WAM 19/05/2021)

• MoD Undersecretary meets President of French National Assembly's defense and armed forces committee (WAM 20/05/2021)

UAE business and economy-related headlines

• Abu Dhabi to allow quarantine-free travel from July 1 (The National 16/05/2021)

• 55% of Dubai residents to live close to metro (Gulf News 16/05/2021)

• UAE reforms win reassuring vote of confidence from investors (Khaleej Times 16/05/2021)

• Dubai welcomes the world with confidence (WAM 17/05/2021)

• Etihad Rail collaborates with Transportr to develop integrated digital logistics services (WAM 17/05/2021)

• UAE to commission first green hydrogen plant, energy minister says (The National 17/05/2021)

• Global co-ordination needed to establish more travel corridors, UAE minister says (The National 17/05/2021)

• Dubai Covid-19 rules overhaul allows concerts, 10 diners to a table and weddings for 100 (The National 17/05/2021)

• It's time once again for new hotel openings in UAE (Gulf News 17/05/2021)

• Dubai to get immediate lift from Saudi re-opening (Gulf News 17/05/2021)

• Spinneys to continue F&B business incubation (Gulf News 17/05/2021)

• Dubai initiative to boost geolocation maps (Gulf News 17/05/2021)

• What makes UAE a safe destination for travellers (Khaleej Times 17/05/2021)

• Consumers overtly upbeat on post-vaccine life (Khaleej Times 17/05/2021)

• UAE ranks as the 18th best expat destination to live and work (The National 18/05/2021)

• UAE schools prepare to vaccinate pupils aged 12 to 15 (The National 18/05/2021)

• Adnoc awards $318m worth of contracts to sustain output capacity at largest onshore asset (The National 18/05/2021)

• Abu Dhabi Ship Building secures Dh3.5bn contract to build patrol vessels for UAE Navy (The National 18/05/2021)

• Quarantine rules for tourists and business visitors to Abu Dhabi (The National 18/05/2021)

• Dubai's travel sector is already seeing pre-Expo boost (Gulf News 18/05/2021)

• Dubai targets over 5.5m overseas tourists this year (Khaleej Times 18/05/2021)

• UAE: 95% of expats feel safe, says new study (Khaleej Times 18/05/2021)

• Expo 2020 Dubai to drive growth in UAE’s key sectors (Khaleej Times 18/05/2021)

• Dubai Airports chief projects return to pre-Covid passenger volumes by 2024 (The National 19/05/2021)

• Dubai launches pilot green hydrogen project as part of Expo 2020 (The National 19/05/2021)

• Abu Dhabi residential capital values jump 4% in first quarter (The National 19/05/2021)

• Crown Prince of Dubai launches digital crowdfunding initiative to boost entrepreneurship (The National 19/05/2021)

• New law allowing full foreign ownership of onshore companies takes effect on June 1 (The National 19/05/2021)

• Office markets in Dubai and Abu Dhabi remain favourable as rents fall (The National 19/05/2021)

• New standardisation, metrology legislation to drive UAE's industrial sector (WAM 20/05/2021)

• AED 4.1 billion of weeklong real estate transactions in Dubai (WAM 20/05/2021)

• Biden’s plan in US likely to encourage Middle East to be net renewables exporter (WAM 20/05/2021)

• The UAE is preparing for the future by investing in advanced technology (The National 20/05/2021)

• UAE cancer rate five times higher in young adults than in UK and US (The National 20/05/2021)

• Imports have a clear role in securing food security (Gulf News 20/05/2021)

• Which UAE businesses can get 100% foreign ownership? (Gulf News 20/05/2021)

• How to download and use the UAE's Al Hosn app (The National 21/05/2021)

• UAE tops global rankings for vaccination rates (The National 21/05/2021)

• UAE created about 250,000 jobs in retail, finance, tech and telecoms in 2020 (The National 22/05/2021)

• Arab world can work together to modernise and raise living standards, says UAE minister (The National 22/05/2021)

• Abu Dhabi collects 588,425 tonnes of waste (Gulf News 22/05/2021)

• Experts laud UAE leaders’ vision on economic resilience, jobs creation (Khaleej Times 22/05/2021)

• Dubai start-up helps visitors take a closer look...(Khaleej Times 22/05/2021)

• How businesses can support the creative economy (The National 23/05/2021)

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Written by Jenny Hunt

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

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