UAE Weekly Business News 24/10/22
Updated: Sep 1
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UAE Weekly Business News, Issue 109. 24th October 2022.
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)
UAE 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)
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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