UAE Weekly Business News 25/11/2024
Welcome to Gateway Group's weekly collation of trade and investment headlines shaping the Abu Dhabi and Dubai economies.
Stay up to date with UAE Business
UAE Weekly Business News is the quick and easy way to stay informed about crucial UAE business news and laws, conveniently in one place.
How to use this resource
Scan the headlines and click the ones you want to read in full.
Every Monday
UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically. It's FREE.
UAE Weekly Business News: Issue 215 published 25 November 2024.
UAE FREE ZONE NEWS
DIFC announces enactment of amendments to DIFC Law on application of civil, commercial laws (WAM 21/11/2024)
RAKEZ to showcase business solutions for sustainable automotive investors at London EV Show (WAM 21/11/2024)
Dubai Industrial City marks 20 years of advancing Middle East’s manufacturing, logistics sectors (WAM 21/11/2024)
GCC financial market authorities approve fund passporting framework (WAM 20/11/2024)
HFZA launches Seagull New Horizon offshore and Maritime’s facility (WAM 20/11/2024)
ADGM FSRA publishes IT Risk Management Guidance (WAM 20/11/2024)
BNY to expand offerings in the Abu Dhabi Global Market (Khaleej Times 20/11/2024)
New UAE free zone offers visas within 24 hours and business licence in 120 minutes (Arabian Business 20/11/2024)
Rothschild & Co opens Dubai office as it eyes slice of DIFC client’s $3.5t capital (Arabian Business 20/11/2024)
DFSA releases 2024 Cyber Thematic review (WAM 19/11/2024)
UAE stands as vital hub for international trade in precious metals (WAM 19/11/2024)
UAE to become key hub for gold trade in coming years: DMCC report (WAM 18/11/2024)
World Bank partners with ADGM Academy to bolster financial literacy, economic knowledge (WAM 18/11/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Stricter UAE visit visa rules implemented; Dh3,000 fund, 'proof of stay' required before applying (Khaleej Times 24/11/2024)
UAE family visa: How a single mother can sponsor child in Dubai (Khaleej Times 24/11/2024)
UAE: Thousands of aviation jobs, training opportunities as industry faces shortages (Khaeej Times 20/11/2024)
MoHRE calls on establishments to meet Emiratisation targets before end of December 2024 (WAM 19/11/2024)
KEZAD Communities announces corporate rebranding to Sdeira Group (WAM 18/11/2024)
DP World, Schneider Electric collaborate to upskill Emirati youth in sustainability, technical careers (WAM 18/11/2024)
UAE BUSINESS NEWS
Abu Dhabi Investment Office advances Public-Private Partnerships (PPP) (Abu Dhabi Media Office 25/11/2024)
MENA Restaurant Community holds meet to discuss innovations in Dubai’s f&b sector (Arabian Business 25/11/2024)
UAE Government issues Federal Decree-Law to empower arts sector, support artistic institutions (WAM 24/11/2024)
Dubai to host 17th edition of Arab Plast next January (WAM 24/11/2024)
Abu Dhabi announces significant progress in implementing objectives of Emirate’s Climate Change Strategy 2023-2027 (WAM 23/11/2024)
Procurement Forum at Abu Dhabi Business Week to foster public-private partnerships, accelerate industrial growth (WAM 23/11/2024)
Global Women's Forum - Dubai 2024 hosts influential figures in fields of creativity (WAM 23/11/2024)
Abdulla Al Hamed presents his vision for future of media at Global Media Congress 2024 (WAM 23/11/2024)
Mansoor bin Mohammed meets with CEO of Porsche (Government of Dubai Media Office 23/11/2024)
GWFD 2024 brings together leading global organisations to discuss ways to empower women (WAM 22/11/2024)
Noura Al Kaabi delivers keynote speech at Tallinn Digital Summit, showcasing UAE’s leadership in emerging technologies (WAM 22/11/2024)
Air Expo Abu Dhabi 2024 concludes on high note, highlighting latest trends and innovations in aviation industry (WAM 22/11/2024)
12th UAE International Orthopedic Congress kicks off in Abu Dhabi (WAM 22/11/2024)
Global Media Congress 2024 to discuss enhancing media performance, addressing sector's rapidly evolving challenges (WAM 22/11/2024)
Dubai Airports ready to handle high traffic: COO (WAM 22/11/2024)
Fourth Arab Coaching Forum kicks off in Abu Dhabi (WAM 22/11/2024)
FAHR announces Eid Al Etihad holiday for federal government (WAM 22/11/2024)
Private sector holiday declared for 53rd Eid Al Etihad (WAM 22/11/2024)
Arada kicks off construction at Armani Beach Residences with award of first contract (WAM 22/11/2024)
Abu Dhabi extends influence with global energy deals (WAM 22/11/2024)
MENA shoppers to increase spending by 10% in November mega sales (Arabian Business 22/11/2024)
Mariam Almheiri welcomes Bill Gates, unveils agricultural innovation project updates (WAM 21/11/2024)
Emirates Health Services reviews efforts to eliminate bureaucracy in psychiatric services (WAM 21/11/2024) Abu Dhabi International Boat Show 2024 launches its largest edition (WAM 21/11/2024)
AIM Congress to explore interplay between FDI, global trade (WAM 21/11/2024)
Maktoum bin Mohammed meets with Chairman, CEO of Accor Group (WAM 21/11/2024)
Emirates boosts services between Madagascar and Seychelles (Government of Dubai Media Office 21/11/2024)
UAE advances clean energy goals with nuclear power milestone (Arabian Business 21/11/2024)
Fastmarkets, Emirates Steel sign five-year partnership to bolster UAE's role in global iron, steel industry (WAM 20/11/2024)
Sanad, GAL strengthen strategic MRO partnership (WAM 20/11/2024)
Dubai set to host WORLDEF Dubai 2024 forum on 4-5 December (WAM 20/11/2024)
Abu Dhabi Convention and Exhibition Bureau signs agreement with INCON to host educational programmes from 2025 to 2027 to enhance the MICE sector (Abu Dhabi Media Office 20/11/2024)
Adnoc investing AED175b in mega downstream projects (Khaleej Times 20/11/2024)
Dubai real estate sector sees 50% increase in handovers in Q3, 14,900 homes expected to arrive in Q4 (Arabian Business 20/11/2024)
UAE data centre market to reach AED 9.7bn by 2029, growing at 10% CAGR (Arabian Business 20/11/2024)
Dubai real estate’s Incredible October shattered records with more transactions, mortgages and off-plan boost; 30% uplift expected by year-end (Arabian Business 20/11/2024)
Etihad Airways releases October 2024 traffic statistics (WAM 19/11/2024)
DXB welcomes 68.6m guests in 9 months (WAM 19/11/2024)
Global Food Week to launch next week in Abu Dhabi with record international participation (WAM 19/11/2024)
UAE President receives delegation from ENEC (WAM 19/11/2024)
Space42 appoints Q Market Makers as liquidity provider to enhance market accessibility (WAM 19/11/2024)
DP World’s Global Freight Summit convenes global leaders to discuss future of freight (WAM 19/11/2024)
Hamdan bin Zayed witnesses groundbreaking ceremony of Ruwais LNG Project in Al Dhafra Region (WAM 19/11/2024)
Dubai Supreme Council of Energy reviews Dubai’s efforts in regulating petroleum products trade (WAM 19/11/2024)
Department of Health – Abu Dhabi licenses Institute for Healthier Living Abu Dhabi as world’s first specialised Healthy Longevity Medicine Centre (WAM 19/11/2024)
ADJD, Abu Dhabi Police discuss new electronic monitoring measures (WAM 19/11/2024)
3rd Global Women’s Forum convenes in Dubai (WAM 19/11/2024)
Inaugural annual nursing conference to be held (Abu Dhabi Media Office 19/11/2024)
Dubai real estate: Developers prioritise affordable projects to meet rising mid-income demand (Arabian Business 19/11/2024)
EXCLUSIVE: UK seeing ‘huge millionaire exodus’ to UAE, says Diary of a CEO’s Steven Bartlett (Arabian Business 19/11/2024)
Dubai gold rush forecast as UAE looks to grow $129b trade flow (Arabian Business 19/11/2024)
Fastmarkets, Gulf Mercantile Exchange forge partnership to innovate commodity risk management tools in region (WAM 18/11/2024)
Dubai Chamber of Digital Economy organises two workshops to support attraction of AI talent (WAM 18/11/2024)
Etihad Airways prepares to unveil ten new destinations (WAM 18/11/2024)
RTA Launches Initiatives to Enhances Taxi Services (Government of Dubai Media Services 18/11/2024)
UAE flights: Etihad to end partnership with Virgin Australia from June 1, 2025 (Khaleej Times 18/11/2024)
Hubpay ventures into precious metals, linking UAE businesses with key gold markets (Arabian Business 18/11/2024)
UAE FINANCE AND ECONOMY NEWS
MultiBank aims to expand global footprint from UAE base (Khaleej Times 25/11/2024)
Global income of UAE company is subject to taxation in the UAE (Khaleej Times 25/11/2024)
FTA renews its calls for Resident Juridical Persons with Licences issued in October, November to register for Corporate Tax before end of November 2024 (WAM 24/11/2024)
Average cost per data breach incident in the Middle East is $6.53m (Khaleej Times 24/11/2024)
UAE banks record highest return on equity in the GCC (Khaleej Times 24/11/2024)
Abu Dhabi’s Masdar and China’s Silk Road Fund team up for $2.8b (Arabian Business 23/11/2024)
CBUAE suspends currency exchange system of Al Razouki Exchange; closes two of its branches (WAM 22/11/2024)
Ministry of Finance launches financial sustainability standards guide for federal government (WAM 22/11/2024)
UAE Government launches KYC platform for enhanced financial data (WAM 22/11/2024)
Abu Dhabi’s Royal Group launches ‘Comera Pay’ digital payment solutions (Arabian Business 22/11/2024)
Lulu Retail reports $1.86b revenue in Q3 2024 (WAM 21/11/2024)
Islamic Treasury Bonds auction attracts bids worth AED5.43b (WAM 21/11/2024)
Nasdaq Dubai welcomes $2b bonds by China’s Ministry of Finance (WAM 21/11/2024)
UAE expats turn to investment apps as local platform boom fills pension void for thousands (Arabian Business 20/11/2024)
UAE leads digital banking in Middle East (WAM 19/11/2024)
DFM partners with Mbank to launch IPO Upgrade Programme (WAM 19/11/2024)
Delivery Hero’s Talabat IPO set to raise $1.5b ahead of Dubai listing (Arabian Business 19/11/2024)
UAE leads the way for digital innovation in Middle East’s $3.2b banking sector (Arabian Business 19/11/2024)
SMEs contribute 42.8% to Abu Dhabi's non-oil GDP (WAM 18/11/2024)
Network International inks agreement with National Bank of Fujairah to provide omni channel payment solutions (WAM 18/11/2024)
MoF amends ministerial decision regarding Unincorporated Partnerships, Foreign Partnerships, Family Foundations (WAM 18/11/2024)
ADX executes AED149m deal in IHC shares (WAM 18/11/2024)
Big Gulf banks buck global trend as lending income growth continues (Khaleej Times 18/11/2024)
Dubai inflation eases to 14-month low (Khaleej Times 18/11/2024)
UAE announces changes to tax compliance requirements for unincorporated partnerships (Arabian Business 18/11/2024)
MENA M&A activity hits $71b in 9M 2024, led by UAE and Saudi Arabia (Arabian Business 18/11/2024)
UAE M&A NEWS
ADNOC considering selling minority stake in gas unit (Arabian Business 25/11/2024)
Taaleem acquires French language school LLFP to expand portfolio (Arabian Business 20/11/2024)
MEVP portfolio company YouGotaGift completes acquisition by Giftee (Khaleej Times 18/11/2024)
UAE BILATERAL TRADE NEWS
Shakhboot bin Nahyan meets President of Chad (WAM 24/11/2024)
Shakhboot bin Nahyan meets President of Central Africa to discuss strengthening bilateral relations (WAM 24/11/2024)
UAE, Indonesian Presidents reaffirm continued commitment to expanding bilateral ties (WAM 23/11/2024)
UAE, Finland hold second Joint Committee meeting in Helsinki (WAM 23/11/2024)
Shakhboot bin Nahyan meets President of South Sudan (WAM 23/11/2024)
Shakhboot bin Nahyan meets President of Uganda (WAM 23/11/2024)
Envoy of Minister of Foreign Affairs discusses reinforcing relations with ministers, officials from Marshall Islands (WAM 22/11/2024)
Envoy of Minister of Foreign Affairs discusses reinforcing relations with ministers, officials from Marshall Islands (WAM 22/11/2024)
UAE, Albania convene inaugural Joint Economic Committee in Tirana (WAM 22/11/2024)
UAE trade delegation visits Finland to meet key Finnish companies (WAM 22/11/2024)
Abu Dhabi Customs, Tax Authority of Brazil launch pilot phase of Trusted Digital Trade Corridor project (WAM 22/11/2024)
UAE delegation concludes successful mission to Ireland, exploring new opportunities in science, technology, trade (WAM 22/11/2024)
$510m in sales at Malaysian Global Halal Expo MIHAS@Dubai (WAM 22/11/2024)
Imdaad expands presence in Oman in partnership with Oris (WAM 21/11/2024)
Mubadala, French Safran to drive aerospace growth in UAE (WAM 21/11/2024)
UAE, Egypt sign MoUs in manufacturing, renewable energy, developing industrial zone in East Port Said (WAM 21/11/2024)
UAE highlights sustainable construction at COP29 (WAM 21/11/2024)
UAE President and King of Jordan discuss bilateral ties (WAM 20/11/2024)
Crown Prince of Abu Dhabi holds discussions with President of France (WAM 19/11/2024)
Crown Prince of Abu Dhabi holds discussions with President of Egypt (WAM 19/11/2024)
Crown Prince of Abu Dhabi reviews Mubadala’s progress in Brazil (WAM 19/11/2024)
TAQA to develop two new power plants in Saudi Arabia (WAM 19/11/2024)
UAE President receives Qatari Prime Minister (WAM 19/11/2024)
Abu Dhabi’s ADTIC partners with Accor for $100m luxury Sofitel Legend Pyramids Hotel in Giza (Arabian Business 19/11/2024)
UAE participates in fourth G20 Sherpa Meeting (WAM 18/11/2024)
Emirates Steel unveils low-carbon iron project in collaboration with Japanese partners (WAM 18/11/2024)
If you found this blog post informative and helpful, please show your support by clicking the ❤️ at the bottom of the page. Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
