UAE Weekly Business News 24/04/23

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UAE Weekly Business News, Issue 133. 24th April 2023.
UAE free zones news headlines
UAE employment, visa and Emiratisation news
Did you work during Eid holidays or overtime during Ramadan? Here's what you need to know (Khaleej Times 24/04/2023)
'Am I entitled to lieu days if I work over the Eid holidays?' (The National 23/04/2023)
Dubai jobs: Can I be fired for not meeting unrealistic targets at work? (Khaleej Times 23/04/2023)
Why tech jobs are in demand in the Middle East (The National 21/04/2023)
(WAM 20/04/2023)
11% growth in number of Emiratis working in private sector in Q1-23: MOHRE (WAM 19/04/2023)
Dubai jobs: Crypto exchange Bybit opens global headquarters in UAE, will recruit 100 people (Khaleej Times 18/04/2023)
Dubai Airports and Enova partner to drive Emiratisation efforts (WAM 17/04/2023)
Seafarers warned against rogue recruitment agents charging fees (The National 17/04/2023)
UAE business and economy news
Local Press: A significant week for the UAE in space (WAM 24/04/2023)
Institute of Physical Medicine and Rehabilitation at Sheikh Khalifa Medical City receive international accreditation (Abu Dhabi Media Office 24/04/2023)
Time to buy? Gold prices drop further in Dubai (Khaleej Times 24/04/2023)
Dubai, Abu Dhabi busiest international destinations for Mumbai airport (Khaleej Times 24/04/2023)
Public benefit entities exempt from corporate tax law: Ministry of Finance (WAM 23/04/2023)
Dubai Metro hits new milestone with over two billion riders since inauguration (WAM 23/04/2023)
UAE: Tenants increasingly move to higher quality buildings, push up rents in new properties (Khaleej Times 23/04/2023)
ADX, DFM account for 20% of Arab exchanges' liquidity last week (WAM 21/04/2023)
UAE Press: In a changing world, the values of Eid Al Fitr stay the same (WAM 21/04/2023)
UAE best-placed in region for food security, report finds (The National 21/04/2023)
UAE President emphasises link between sustainable economic development and climate action for enhanced quality of life (WAM 20/04/2023)
ADAFSA launches inspection campaigns on confectionery shops ahead of Eid Al Fitr (WAM 20/04/2023)
AED100,000 fine, one year's jail for unlicensed dealing in fireworks: Public Prosecution (WAM 20/04/2023)
Saudi Arabia leads Mena in start-up funding as UAE tops exits in Q1 (The National 20/04/2023)
Digital currency adoption in the GCC can drive financial inclusion (The National 20/04/2023)
Dubai’s property sector sees transactions worth AED157b in Q1 2023, 80% YoY growth (WAM 19/04/2023)
Over 500,000 passengers anticipated through Abu Dhabi Airports during Eid Al Fitr holiday (WAM 19/04/2023)
Abu Dhabi to become home to first operational office of Asian Infrastructure Investment Bank (WAM 19/04/2023)
DCT launches $100m Culinary Investment Fund to bring iconic restaurants to UAE capital (WAM 19/04/2023)
Ministry of Climate Change and Environment launches marine plastic waste monitoring programme (WAM 19/04/2023)
Abu Dhabi and Dubai property sales surge in first quarter (The National 19/04/2023)
Dubai could exceed pre-Covid tourist numbers this year (The National 19/04/2023)
UAE airlines extend flight cancellations to Sudan for 40 days, until further notice (Khaleej Times 19/04/2023)
Dubai travel: Emirates announces flight cancellations to Germany from April 20 (Khaleej Times 19/04/2023)
UAE launches global competition for sustainability-focused tech start-ups (WAM 18/04/2023)
Abu Dhabi Businesswomen Council appoints Fatima Al Blooshi as Director (WAM 18/04/2023)
TAQA Group completes US$1.5b dual tranche 5-year and 10-year bond offering (WAM 18/04/2023)
Arabian Travel Market to host International Tourism & Investment Conference sessions (WAM 18/04/2023)
Mohammed bin Rashid issues law amending certain articles of law regulating drone activity in Dubai (WAM 18/04/2023)
Cash no longer king as UAE consumers switch to digital payments (The National 18/04/2023)
How the GCC can capitalise on assets to become a global centre for value chains (The National 18/04/2023)
Dubai homes near metro stations outshine wider market (The National 18/04/2023)
Visa opens applications for its start-up booster programme in the UAE (The National 18/04/2023)
Dubai: How residents can check validity of real estate ads (Khaleej Times 18/04/2023)
Global Dubai Tea Forum 2023 to discuss future trends of tea (WAM 17/04/2023)
CodersHQ empowers the community with concepts of 3D design and new trends of AI (WAM 17/04/2023)
Global heavyweights commit to national pavilions for INDEX 2023 (WAM 17/04/2023)
ADX lists MBME Group on Growth Market (WAM 17/04/2023)
First vessel arrives at Shuwaikh Port following launch of Container Shipping Service from Khalifa Port (WAM 17/04/2023)
Etihad Cargo, China's SF Airlines connect their mega hubs and expand network (WAM 17/04/2023)
G42 and Mubadala announce launch of M42 (WAM 17/04/2023)
Arada makes R&D partnership with Biopolus, SRTIP and Metito for advanced water treatment (WAM 17/04/2023)
First edition of ‘Sustainability Guide’ launched to promote responsible consumption (WAM 17/04/2023)
Fitch affirms 'AA-' rating of Emirates Development Bank with stable outlook
Sheikha Fatima launches Women's Day theme: We Collaborate for Tomorrow (The National 17/04/2023)
Minister sees inflation easing as UAE’s outlook remains robust (Khaleej Times 17/04/2023)
UAE Mergers & Acquisitions news
UAE Financial Results
UAE conventional banks' assets reached AED3.047t by end of January 2023 (WAM 21/04/2023)
Dubai Islamic Bank's net profit exceeds AED1.5b during Q1 2023 (WAM 19/04/2023)
United Arab Bank reports AED54.8m net profit in Q1 2023 (WAM 18/04/2023)
Suqia UAE’s Board of Trustees sheds light on Q1 2023 achievements (WAM 18/04/2023)
Aggregate capital and reserves of banks operating in UAE up 8.5% to AED438.6b at end of January 2023 (WAM 17/04/2023)
ADCB's net profit rises 27% to hit AED1.87b in Q1 2023 (WAM 17/04/2023)
Environment Agency - Abu Dhabi issues its latest annual report (WAM 17/04/2023)
UAE bilateral trade news
UAE President sends written letter to President of Chad which included an invitation to COP28 (WAM 22/04/2023)
IFAD to help business work for farms in developing nations (WAM 21/04/2023)
UAE President receives letter from Prime Minister of Italy (WAM 21/04/2023)
COP28 President-designate concludes visit to China with common understanding to help achieve (WAM 18/04/2023)
UAE, Germany explore partnerships to build on industrial ties and climate efforts (WAM 20/04/2023)
UAE, South Africa explore trade and investment opportunities
MBM Holding signs MoU with Portland Holdings to collaborate in nuclear medicine, renewable energy (WAM 19/04/2023)
Mubadala and Canadian pension fund invest in India's infrastructure investment trust (The National 19/04/2023)
UAE President receives Jordanian King (WAM 18/04/2023)
UAE President receives phone call from President of European Council (WAM 17/04/2023)
Mubadala Capital unit to invest $2.5b to make renewable fuel in Brazil (The National 17/04/2023)
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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