UAE Weekly Business News 24/10/22

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.

We publish the UAE Weekly Business News every week on a Monday. Subscribe to our blog to get it emailed to you each week.

UAE Weekly Business News, Issue 109. 24th October 2022.

UAE Weekly Business News headlines. Choose Gateway Group for the best company formation, free zone business setup, offshore incorporation and visa services in Abu Dhabi and Dubai, United Arab Emirates.

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

• 'Can I take legal action against a former employer for not paying my salary?' (The National 23/10/2022)

• ADCB ranked top GCC bank in Forbes “World’s Best Employers 2022” survey (WAM 20/10/2022)

• MoHRE calls on private sector to meet Emiratisation rate before end of 2022 (WAM 20/10/2022)

• UAE private-sector firms urged to hit 2% Emiratisation target by end of year (The National 20/10/2022)

• UAE golden visas: Top students are now sponsoring their parents (The National 19/10/2022)

• UAE Ministry of Justice highlights country's progress in review of Labour Rights File (WAM 17/10/2022)

• GCC job creation surges in third quarter of 2022 (The National 17/10/2022)

• AD Ports to hire 7,500 Emiratis in next five years (The National 17/10/2022)

UAE bilateral trade news headlines

• S. Korea, Arab nations to hold new round of FTA talks next week (WAM 23/10/2022)

• Dubai Customs discusses more cooperation on fighting counterfeiting with American Embassy (WAM 23/10/2022)

• Abdullah bin Zayed co-chairs 10th session of UAE-Bahrain Joint Higher Committee (WAM 23/10/2022)

• Sheikh Abdullah bin Zayed and King Hamad hail UAE-Bahrain ties in Manama meeting (The National 23/10/2022)

• UAE, Germany cement strategic energy and industry partnership (WAM 21/10/2022)

• UAE, Jordan sign MoUs to cooperate in 7 social development areas (WAM 21/10/2022)

• UAE-UK Business Council announces new initiatives promoting trade, investment, decarbonisation, women entrepreneurs (WAM 21/10/2022)

• Dubai Police receives Minister of Home Affairs of Zimbabwe (WAM 21/10/2022)

• UAE summons Dutch ambassador to protest interference of his country's ambassador in internal affairs of Jordan (WAM 21/10/2022)

• Abdullah bin Zayed, Chilean counterpart discuss bilateral relations (WAM 21/10/2022)

• Germany receives first container of UAE hydrogen-based ammonia fuel (The National 21/10/2022)

• Ambassador of Belarus says UAE is largest investor in country (WAM 20/10/2022)

• Mohammed bin Rashid receives Prime Minister of North Macedonia (WAM 20/10/2022)

• Dubai Financial Services Authority partners with Thai Securities and Exchange Commission (WAM 19/10/2022)

• Mansour bin Zayed meets Prime Minister of Kazakhstan (WAM 19/10/2022)

• Political Consultations between UAE and Russian Federation discuss strengthening cooperation (WAM 19/10/2022)

• Abdullah bin Zayed receives phone call from High Representative of European Union for Foreign Affairs (WAM 19/10/2022)

• UAE Embassy in Riyadh organises discussion on UAE-Saudi Economic Cooperation and Integration (WAM 19/10/2022)

• DP World’s Jebel Ali Port and Free Zone key to boosting India-UAE trade (WAM 19/10/2022)

• UAE- Saudi Business Council holds its first meeting (WAM 18/10/2022)

• Abu Dhabi, Bangladesh enhance economic cooperation through Economic Cooperation Forum (WAM 18/10/2022)

• UAE, Romania sign two MoUs to enhance cooperation in food security, climate change mitigation (WAM 18/10/2022)

• UAE rejects comments by EU High Representative for Foreign Affairs and Security Policy (WAM 18/10/2022)

• Gargash meets Russian Deputy FM (WAM 18/10/2022)

• UAE and Egypt… 50 years of brotherly bonds and strong relations (WAM 18/10/2022)

• Emirati-Hungarian artwork displayed during Arab Cultural Day in Budapest (WAM 18/10/2022)

• 'Egypt and UAE… One heart' celebration reflects 5 decades of respect and cooperation: Mohammad Al Gergawi (WAM 18/10/2022)

• Khalifa for Date Palm signs MoU with Ministry of Agriculture of Mexico (WAM 18/10/2022)

• UAE President holds phone call with President of Ukraine (WAM 17/10/2022)

• Visa-free travel between UAE, Japan starting 1st November (WAM 17/10/2022)

• DEWA receives bipartisan staff delegation from US House of Representatives, Senate (WAM 17/10/2022)

• Indian Institute of Technology team to visit Abu Dhabi this month (WAM 17/10/2022)

• Abu Dhabi's Injazat signs initial pact with Singapore's trade tech body (The National 17/10/2022)

Abu Dhabi and Dubai business and economy-related news headlines

• UAE Press: Abu Dhabi Culture Summit 2022 can help heal a struggling arts sector (WAM 24/10/2022)

• Empower IPO: Dubai district cooling company to sell 10% and list on DFM (The National 24/10/2022)

• Abu Dhabi and Dubai lead Mena region in global engagement and outlook survey (The National 24/10/2022)

• Phase I of Intelligent Traffic Systems improves incident monitoring by 63%, response time by 30%: RTA (WAM 23/10/2022)

• Middle East and Africa only region globally to show hotel pipeline increase in Q3 (The National 23/10/2022)

• Dubai's main road network to be covered by congestion-busting smart traffic system (The National 23/10/2022)

• DEWA extends deadline for receiving EOI from international developers to implement 6th phase of Mohammed bin Rashid Solar Park (WAM 22/10/2022)

• Abu Dhabi prosecutors investigate British man suspected of money laundering (The National 22/10/2022)

• UAE announces industrial deals worth AED260m to manufacture medical equipment (WAM 21/10/2022)

• ADX records 16.9 percent surge in FADX 15 during first three quarters 2022 (WAM 21/10/2022)

• SAFEEN Offshore expands subsea service capabilities with acquisition of new vessel

• Dubai records AED8b in weekly real estate transactions (WAM 21/10/2022)

• UAE participates in Council of Arab Ministers of Justice meeting in Morocco (WAM 21/10/2022)

• G42-owned Bayanat set to raise $171m in Abu Dhabi bourse IPO (The National 21/10/2022)

• Rate increases and macroeconomic tailwinds set to boost profitability of UAE banks (The National 21/10/2022)

• One-cheque rents on the rise as many Dubai tenants stay put (The National 21/10/2022)

• ADIB named safest Islamic financial institution in 2022 (WAM 20/10/2022)

• ADNOC Drilling delivers new world record for longest well at Upper Zakum Concession (WAM 20/10/2022)

• World Future Energy Summit 2023 to provide crucial sustainability blueprint as COP28 looms (WAM 20/10/2022)

• Etihad Airways, World Energy partner to operate first ‘NetZero’ flight (WAM 20/10/2022)

• Dubai to host World Hospital Congress 2022 in November (WAM 20/10/2022)

• Mohammed bin Rashid issues Law on Endowments and Minors’ Trust Foundation (WAM 20/10/2022)

• SEHA, ADU join to promote medical education and knowledge transfer (WAM 20/10/2022)

• DEWA records growth in high voltage transmission substations in H1 2022 (WAM 20/10/2022)

• International federations for marine sports praise UAE's leading role in organising major sports events (WAM 20/10/2022)

• How cloud technology is helping Middle East companies win their Covid battles (The National 20/10/2022)

• UAE property: ‘Can I claim compensation for a delayed handover?’ (The National 20/10/2022)

• Dubai property prices: where they rose and fell — September 2022 (The National 20/10/2022)

• Federal Tax Authority: Positive effects reflecting success of implementing Excise Tax (WAM 19/10/2022)

• Al Jalila Children’s Specialty Hospital, Gulf Scientific Corporation launch pharmacogenomic pilot study (WAM 19/10/2022)

• UAE government adopts technology, designs opportunities to support growth of digital economy: Omar Al Olama (WAM 19/10/2022)

• UAE ranks 25th globally in pension system according to Mercer Institute report (WAM 19/10/2022)

• Local Press: Aviation is boosting UAE's economy on deepest levels (WAM 19/10/2022)

• UAE gross banks’ assets up 0.9% to over AED3.5 trillion by end of August 2022 (WAM 19/10/2022)

• Dubai to host 4th edition of International Conference on Entrepreneurship (WAM 19/10/2022)

• Dubai to host World of Coffee Exhibition (WAM 19/10/2022)

• Abu Dhabi to host World Volunteer Conference (WAM 19/10/2022)

• Jafza's electronics hub an active contributor to supporting UAE economy (WAM 19/10/2022)

• DP World’s Jebel Ali Port and Free Zone key to boosting India-UAE trade to $100b (WAM 19/10/2022)

• UAE markets in green driven by improved sentiments at realty, banking sectors (WAM 19/10/2022)

• Energy world to descend on Abu Dhabi for ADIPEC 2022 to tackle challenge of energy security (WAM 19/10/2022)

• UAE payments industry revenue set to reach $18.7bn by 2031, BCG says (The National 19/10/2022)

• HSBC expands private banking in UAE to cater to growing millionaire base (The National 19/10/2022)

• Illegal taxis in Dubai seized as authorities crack down (The National 19/10/2022)

• Etihad Aviation Group transferred into ADQ’s portfolio (WAM 18/10/2022)

• Ministry of Finance announces amendments to Excise Tax Law (WAM 18/10/2022)

• Abu Dhabi wins bid to host IDA World Congress 2024 (WAM 18/10/2022)

• EDB approves AED4.4b in loans during first nine months of 2022 (WAM 18/10/2022)

• EGA spent AED17b on procurement of products and services in 2021 (WAM 18/10/2022)

• ADDED reaffirms support of manufacturers to increase non-oil exports to AED178.8b by 2031 (WAM 18/10/2022)

• Ministerial Development Council holds meeting to review initiatives supporting government work (WAM 18/10/2022)

• Abu Dhabi Chamber to launch new digital 'Business Matchmaking Platform' (WAM 18/10/2022)

• DEWA’s Space D Ground Station inaugurated at R&D Centre in Mohammed bin Rashid Al Maktoum solar park (WAM 18/10/2022)

• Dubai Municipality opens winter camp permit applications for 2022-2023 (WAM 18/10/2022)

• Opec+ decision to cut output 'technical' and 'right' measure, UAE energy minister says (The National 18/10/2022)

• Half of UAE residents say remittances are a lifeline for dependants (The National 18/10/2022)

• Adia to set up centre for data and computational science research (The National 18/10/2022)

• Where to rent in Abu Dhabi if you are a new arrival (The National 18/10/2022)

• ADQ offers to combine its shareholdings in AMMROC, Etihad Engineering and GAL into Abu Dhabi Aviation (WAM 17/10/2022)

• Al Seer Marine targeting AED36.7b future agreements over next 10 years (WAM 17/10/2022)

• FANR’s board of management reviews Barakah Nuclear Power Plant progress, approves international agreements (WAM 17/10/2022)

• UAE Cyber Security Council joins Gartner Research Board (WAM 17/10/2022)

• UAE tops MENA region in Global Food Security Index 2022 (WAM 17/10/2022)

• What is the DFSA’s approach to the regulation of cryptocurrencies? (The National 17/10/2022)

• Cherie Blair to announce UAE business initiative to empower female entrepreneurs (The National 17/10/2022)

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Gateway Group Of Companies

With offices in Abu Dhabi and Dubai, Gateway Group helps international companies get registered to do business in the United Arab Emirates (UAE). We are the authority on business licenses and visas for expats in Abu Dhabi and Dubai.

Founded and headed up by British husband and wife team, Nathan and Jenny Hunt, Gateway operates with it's core values at heart: Honesty. Trust. Integrity. We do what's in the best interests of our clients rather than what's best for our bottom line. After all, we are just like our clients - we've invested our own money into our business licenses, so we fully appreciate what a big investment a commercial license is. We believe this uniquely positions us to provide our services with understanding and empathy.

From our own first-hand experience and knowledge, generated from living and working in the UAE, as well as setting up companies and building relationships here, we are able to offer unique insight and guidance to help our clients successfully step into the market and do business in the UAE.

We value long-term relationships and our incredible client retention is one of our strongest assets, which is extremely rare in our industry.

Founding Partner, Jenny Hunt, has been setting up businesses in Abu Dhabi and Dubai for over 10 years and is ranked in FORBES' Top 100 Most Influential Women In The Middle East!

Contact us for your international expansion into the UAE. Get the best business setup experience in Dubai and Abu Dhabi, as well as employment and residency visas for your expat staff and their families.

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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

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