UAE Weekly Business News 27/01/2025

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UAE Weekly Business News: Issue 224 published 27 January 2025.
UAE FREE ZONE NEWS
RAKEZ, RAK DED collaborate to boost business services in emirate (WAM 24/01/2025)
DIFC, Lloyd’s to develop future talent in insurance sector (WAM 22/01/2025)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
UAE Golden Visa for employees earning Dh30,000: Eligibility criteria, application process (Khaleej Times 26/01/2025)
Dubai residence visa: What is the minimum salary, eligibility to sponsor family in the UAE? (Khaleej Times 26/01/2025)
Residence, visit visa violations: How to apply for overstaying fine waiver in Dubai (Khaleej Times 26/01/2025)
UAE Golden Visa for employees: Applications can get rejected for lack of experience (Khaleej Times 25/01/2025)
UAE Golden Visa: Types, eligibility – the complete guide to long-term residency in 2025 (Arabian Business 24/01/2025)
UAE visa: How to pay overstay fines online in six steps (Khaleej Times 23/01/2025)
Vast majority of UAE residents have skill relevance concerns: Survey (Arabian Business 22/01/2025)
UAE BUSINESS NEWS
IDEX and NAVDEX 2025 to showcase innovations across 17 sectors (WAM 27/01/2025)
Arab Payment Week returns to Abu Dhabi for second edition (WAM 27/01/2025)
UAE President declares 2025 as the Year of Community (WAM 27/01/2025)
ADNOC Gas strengthens partnership with JERA Global Markets (WAM 27/01/2025)
UAE President receives Ruler of Ras Al Khaimah (WAM 27/01/2025)
Meraas awards over AED1b construction contract for Bluewaters Bay (WAM 27/01/2025)
M42 partners with Bahrain Royal Medical Services to advance healthcare accessibility (Abu Dhabi Media Office 27/01/2025)
M42’s Danat Al Emarat Hospital for Women & Children partners with ProFaM to offer advanced reproductive health services (Abu Dhabi Media Office 27/01/2025)
Abu Dhabi Real Estate Centre records 24.2% growth in real estate transactions valued at AED96.2b in 2024 (Abu Dhabi Media Office 27/01/2025)
UAE used electric vehicle market sees 53% surge (Arabian Business 27/01/2025)
‘Side hustles’ in Dubai: The do’s and don’ts of owning a business while working as a full-time employee (Arabian Business 27/01/2025)
Freehold ownership move could trigger 30-50% jump in property values on Dubai’s Sheikh Zayed Road, Al Jaddaf, say experts (Arabian Business 27/01/2025)
UAE Customs completes 40 million transactions in 2024 (WAM 26/01/2025)
UAE strengthens its role in advancing clean energy (WAM 26/01/2025)
UAE, IRENA lead discussions on gender equity, energy transition (WAM 26/01/2025)
Dubai’s Real Estate Sector records AED761b in transactions in 2024 (WAM 26/01/2025)
Dubai real estate sector recorded $3.8b of transactions last week (Arabian Business 26/01/2025)
UAE hosts 7th International Rain Enhancement Forum Tuesday (WAM 25/01/2025)
UAE committed to building sustainable energy future: Amna Al Dahak (WAM 25/01/2025)
MoHAP launches framework for measuring R&D spending in health sector (WAM 24/01/2025)
Emirates resumes flights to Beirut, Baghdad from February 1 (WAM 24/01/2025)
EAD suspends operations of two industrial facilities for violating regulations, laws (WAM 24/01/2025)
UAE concludes successful participation at WEF 2025 (WAM 24/01/2025)
UAE-Kuwait Week to launch in Dubai on February 3 (WAM 24/01/2025)
Emirates Aviation Association to host Annual Conference of the International Federation of Air Traffic Controllers' Association (IFATCA 2025) (Abu Dhabi Media Office 24/01/2025)
BBQ Bros to open 8 UAE restaurants by 2027 (Arabian Business 24/01/2025)
Abu Dhabi Global Health Week to take place on April 15 (WAM 23/01/2025)
Emirates’ A350 aircraft spreads its wings to India (Government of Dubai Media Office 23/01/2025)
Consumer spending projected to improve in 2025, says Majid Al Futtaim CEO (Khaleej Times 23/01/2025)
Affordability a barrier as 92% UAE and KSA residents aspire to improve health (Arabian Business 23/01/2025)
AI and sustainability to dominate Gulf construction trends in 2025 (Arabian Business 23/01/2025)
Etihad Rail announces 30-minute Dubai to Abu Dhabi train line (Arabian Business 23/01/2025)
UAE leads AI technology adoption, says Oracle (WAM 22/01/2025)
UAE President, Mohammed bin Rashid discuss national affairs (WAM 22/01/2025)
DIAC, Opus 2 partner to enhance dispute resolution experience (WAM 22/01/2025)
Emirates Post, FedEx ink MoU to offer comprehensive shipping services at postal branches (Arabian Business 22/01/2025)
Deliveroo HOP launches in Abu Dhabi with 50% off grocery orders (Arabian Business 22/01/2025)
PwC CEO Survey 2025: UAE and Saudi bosses planning new hires and expecting more revenue amid optimism, despite AI and climate disruption (Arabian Business 22/01/2025)
Phoenix Group expands global footprint with 80MW Ethiopian PPA (Arabian Business 22/01/2025)
UAE Intellectual Property laws explained: Are your business assets protected? (Arabian Business 22/01/2025)
UAE leads global red light therapy adoption (Arabian Business 22/01/2025)
UAE to see massive surge in business travel in 2025 as companies revert to frequent business trips, employee retreats (Arabian Business 22/01/2025)
Domotex Middle East to launch on April 22 in Dubai (WAM 21/01/2025)
Minister of Economy reviews role of proactive initiatives in enhancing UAE economy’s competitiveness at regional, global levels (WAM 21/01/2025)
Abu Dhabi to be world’s first fully AI-native government across all digital services by 2027 (WAM 21/01/2025)
Brand Finance names ADNOC most valuable brand at $18.9b (WAM 21/01/2025)
ADNOC Distribution partners with Emerge to power Abu Dhabi stations with solar energy (WAM 21/01/2025)
ADNOC Gas, EWEC partner to support UAE’s energy transformation (WAM 21/01/2025)
Abu Dhabi Government launches Digital Strategy 2025-2027 (Abu Dhabi Media Office 21/01/2025)
Amazon set to launch Now service with delivery in minutes in UAE (Arabian Business 21/01/2025)
Abu Dhabi announces teacher recruitment drive, offers training support to boost education sector (Arabian Business 21/01/2025)
UAE FINANCE AND ECONOMY NEWS
UAE stocks witness highest foreign buying in Q4 2024 among GCC peers (Khaleej Times 27/01/2025)
ADCB plans to double net profit in five years (Khaleej Times 27/01/2025)
FTA applies VAT refund of AED2.9b for 35,000 UAE Nationals (WAM 26/01/2025)
(WAM 25/01/2025)
FTA clarifies penalties for unpaid corporate taxes (WAM 24/01/2025)
UAE’s Pluto secures $4.1mn pre-series A funding (Arabian Business 24/01/2025)
UAE's near-term growth strong, expected to remain healthy at around 4 percent in 2025: IMF (WAM 23/01/2025)
Alef Group surpasses AED2.4b in sales during 2024 (WAM 23/01/2025)
DP World's multi-currency stablecoin solution for efficient global trade settlements (WAM 23/01/2025)
RAKBank profit tops AED2b for the first time (Khaleej Times 23/01/2025)
GCC banks to face decline in US dollar issuance, forecasts AED110b in 2025 (Khaleej Times 23/01/2025)
Open banking fuels GCC fintech boom as UAE, Saudi lead regional growth surge (Arabian Business 23/01/2025)
Paymob secures UAE central bank license for retail payment services (Arabian Business 23/01/2025)
OMNIYAT records $800m ultra-luxury sales in 2024 (Arabian Business 23/01/2025)
CBUAE's gold reserves surpass AED24 billion by end of October 2024 (WAM 22/01/2025)
Oraseya Capital tops list of investors in UAE, MENA region for 2024 (WAM 22/01/2025)
Ajman Bank achieves annual profits of AED440m, with a growth of 213% (Khaleej Times 22/01/2025)
Want to invest but no clue where to start? New UAE platforms make it easy, accessible for women (Khaleej Times 22/01/2025)
The UAE attracts more than $30b in crypto investments in one year (Khaleej Times 22/01/2025)
Mastercard, ruya collaborate to bring innovative digital products to UAE’s Islamic banking landscape (Arabian Business 22/01/2025)
Sobha Realty recorded record $6.3bn sales in 2024 (Arabian Business 22/01/2025)
Porsche Middle East reports 4% growth despite market challenges (Arabian Business 22/01/2025)
Aramex launches robotic sorting facility in Saudi Arabia (Arabian Business 22/01/2025)
$14.4b of Sukuk issuances in UAE in 2024 (WAM 21/01/2025)
Dubai Police tackles 500 money laundering cases over three years (Government of Dubai Media Office 21/01/2025)
Palms Sports revenue up 82.5% to $290m for the year (Arabian Business 21/01/2025)
Gross banks’ assets hit AED4.456t by end of October (WAM 20/01/2025)
UAE M&A NEWS
Singapore’s Ascentium acquires Dubai-based Virtuzone (Arabian Business 22/01/2025)
UAE BILATERAL TRADE NEWS
Estonian Minister highlights UAE partnership as model for successful agricultural cooperation (WAM 27/01/2025)
Al Dhafra Solar Power Park hosts CCI France UAE members (WAM 27/01/2025)
UAE President receives Georgian Prime Minister (WAM 27/01/2025)
(WAM 26/01/2025)
UAE hosts high-level meetings with Kazakhstan monitoring agency (WAM 25/01/2025)
Abu Dhabi’s Modon announces major London real estate development (Arabian Business 25/01/2025)
United Arab Emirates, New Zealand issue joint statement (WAM 24/01/2025)
UAE Embassy in Beirut resumes diplomatic activities (WAM 24/01/2025)
Latifa bint Mohammed meets Interim Prime Minister of Bangladesh (WAM 23/01/2025)
Dana Gas partners with UK’s Levidian to invest in groundbreaking decarbonisation technology (Arabian Business 23/01/2025)
UAE President receives Iranian Vice President (WAM 22/01/2025)
Dubai International Chamber highlights expansion opportunities for local companies in Africa, Southeast Asia (WAM 22/01/2025)
AD Ports Group, Egyptian Ministry of Industry and Transport sign MoU to explore logistics infrastructure collaborations in Alexandria (WAM 22/01/2025)
NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth (WAM 21/01/2025)
Minister of Justice meets French counterpart; discusses ways to enhance channels of cooperation (WAM 21/01/2025)
Mansour bin Zayed receives Turkish Ambassador to UAE (WAM 21/01/2025)
dnata Catering & Retail has embarked on a major expansion of its advanced facility at Melbourne Airport (Government of Dubai Media Office 21/01/2025)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
