UAE Weekly Business News 27/03/23

Ramadan Kareem.

Gateway Group's UAE Weekly Business News. Abu Dhabi and Dubai trade, investment and economy headlines.

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UAE Weekly Business News, Issue 129. 27th March 2023.

UAE free zones news headlines

• EZDubai highlights double-digit growth of MENA e-commerce market (WAM 27/03/2023)

• Dubai Free Zones Council sets green economy as a key priority on its agenda (WAM 26/03/2023)

• Hub71 marks year of impact with over 200 start-ups that raised almost AED4.5 billion globally from Abu Dhabi (WAM 23/03/2023)

• DMCC concludes six-month Impact Accelerator Programme (WAM 21/03/2023)

• DIFC announces launch of its venture building platform ‘DIFC Launchpad’ (WAM 21/03/2023)

• ADGM’s performance in 2022 positions Abu Dhabi as fastest growing IFC in the region (WAM 20/03/2023)

UAE employment and visa news

• National Bonds launches ‘Second Salary’ plan for UAE Residents for retirement plan (WAM 27/03/2023)

• New UAE savings plan aims to generate income in retirement (The National 27/03/2023)

• ‘Will switching to a limited-term contract affect my gratuity?’ (The National 26/03/2023)

• GPSSA concludes ‘Your Commitment Protects You’ inspection campaign (WAM 22/03/2023)

UAE business and economy news

• Middle East airport developments entails US$151 billion in capital expenditure until 2040 (WAM 27/03/2023)

• Department of Health Abu Dhabi, Rafed and Pure Health join 'National in Country Value' programme (WAM 27/03/2023)

• TII partners with MBZUAI to drive Abu Dhabi’s smart city ambitions (WAM 27/03/2023)

• Abu Dhabi Sports Council signs agreement to host IMGA Masters Games in 2026 (WAM 27/03/2023)

• Dubai emerges as global powerhouse for creatives looking to make their big ideas a reality (WAM 27/03/2023)

• United Airlines launches nonstop service between New York/Newark and Dubai (WAM 27/03/2023)

• Global hospitality providers head to Dubai as regional industry plans multi-billion investments (WAM 27/03/2023)

• Etihad Airways returns to East India with daily flights to Kolkata (WAM 27/03/2023)

• 50 percent of fines on land transport license violations waived (WAM 27/03/2023)

• Christchurch welcomes back Emirates’ A380 (Government of Dubai Media Office 27/03/2023)

• Abu Dhabi's new cancer centre plans to transform patient care (The National 27/03/2023)

• UAE authority explains fasting rules during Ramadan (The National 27/03/2023)

• Presight AI share price surges on Abu Dhabi debut (The National 27/03/2023)

• Al Ansari draws $3.45b in orders for $210m offering (The National 27/03/2023)

• DP World’s overseas logistics investments since 2012 cross $10b mark (WAM 26/03/2023)

• DEWA discusses cooperation with Ministry of Energy and Infrastructure (WAM 26/03/2023)

• Dubai Customs' Consultative Council commends Dubai Economic Agenda D33, doubling Dubai's economy by 2033 (WAM 26/03/2023)

• UAE Climate Change Minister confirms water security will be core part of COP28 agenda in Dubai (WAM 26/03/2023)

• ADAFSA launches intensive campaign to ensure food safety in Ramadan (WAM 25/03/2023)

• ADX welcomes Emirates NBD Capital as a custodian amid post trading service enhancements (WAM 24/03/2023)

• Dubai logs over AED8.6b in weeklong real estate transactions (WAM 24/03/2023)

• Al Ansari Financial Services increases number of shares allocated to retail investors in its IPO (WAM 24/03/2023)

• Emirates to launch first A380 service to Bali (WAM 24/03/2023)

• Khalifa University among top 10 in petroleum engineering, top 100 in electrical and electronics worldwide (WAM 24/03/2023)

• Hotels in Dubai say interest is rising ahead of Cop28 summit (The National 24/03/2023)

• Dubai ranks in top 10 on global list of affordable public transport (The National 24/03/2023)

• Profits of UAE's largest banks to grow in 2023, says Moody's (The National 24/03/2023)

• Brand Dubai launches fourth edition of Ramadan Recipes Guide (WAM 23/03/2023)

• UAE boasts strong customer protection ecosystem that regulates markets, enhancing stability (WAM 23/03/2023)

• ENOC Group unveils five-pillar growth strategy to fuel long-term sustainable vision (WAM 23/03/2023)

• SCA, ADIPOF sign MoU (WAM 23/03/2023)

• CBUAE Central Bank Digital Currency strategy launched (WAM 23/03/2023)

• Dubai’s bets on the future are ‘bankable’, say digital economy experts and entrepreneurs (WAM 23/03/2023)

• ADJD discusses ways to enhance remote litigation system, digital transformation in judicial services (WAM 23/03/2023)

• UAE raises base rate by 25bp (WAM 23/03/2023)

• What does the US Fed's interest rate rise mean for UAE consumers? (The National 23/03/2023)

• Remittances to rise in the Middle East amid inflationary challenges (The National 23/03/2023)

• UAE Central Bank starts implementing Digital Dirham strategy (The National 23/03/2023)

• ADQ's AgTech Park launches vertical farming project (WAM 22/03/2023)

• Executive Office of AML/CTF signs MoU with Emirates Institute of Finance (WAM 22/03/2023)

• Dubai Chamber of Commerce exceeds target to establish more than 100 business groups (WAM 22/03/2023)

• Farmers use new tech to shake up UAE's food industry (The National 22/03/2023)

• Dubai commits $1bn to tech start-ups amid global sector volatility (The National 22/03/2023)

• How the UAE can tap into its solar assets to change the future of energy (The National 22/03/2023)

• Abu Dhabi's Mubadala co-leads $300m round for China's JD Industrials (The National 22/03/2023)

• DFM issues rules on local company purchase of shares issued by it (WAM 21/03/2023)

• UAE Minister of Economy discusses rising role of diplomacy and multilateralism in economic de-fragmentation (WAM 21/03/2023)

• Abu Dhabi to host investment forum 2023 (WAM 21/03/2023)

• Ministry of Climate Change and Environment launches national dialogue for food security (WAM 21/03/2023)

• ENEC signs MoU with Nuclearelectrica to collaborate on nuclear energy programme (WAM 21/03/2023)

• Hamdan bin Mohammed launches “04” unified interactive platform to link Dubai Government & it's customers (WAM 21/03/2023)

• Maktoum bin Mohammed meets with President and CEO of JLL (WAM 21/03/2023)

• EAD issues executive regulations of Abu Dhabi's ‘Grazing Law’ to conserve wild plants (WAM 21/03/2023)

• Etihad Airways enhances interline, codeshare with six airlines making travel even easier (WAM 21/03/2023)

• SeaWorld to open in Abu Dhabi on 23 May 2023 (Abu Dhabi Media Office 21/03/2023)

• Adnoc Drilling and Masdar to explore geothermal energy opportunities (The National 21/03/2023)

• Amazon increases storage capacity in the UAE by 70% with new centre in Dubai (The National 21/03/2023)

• Moody's affirms UAE's rating on diversification efforts (The National 21/03/2023)

• Where are the best places for expats to start a new life? (The National 21/03/2023)

• MoIAT updates National ICV Programme’s formula to incorporate Industrial Technology Transformation Index (WAM 20/03/2023)

• Mohammed bin Rashid aerospace hub in Dubai south breaks ground on hangar facility for helicopters (WAM 20/03/2023)

• Hamdan bin Mohammed meets with heads of Dubai Government entities to explore new ways to raise government excellence (WAM 20/03/2023)

• New technology index to help UAE companies boost their in-country value scores (The National 20/03/2023)

UAE Mergers & Acquisitions

• EDGE fortifies its technology, defence portfolio by acquiring TRUST International Group (WAM 27/03/2023)

UAE bilateral trade news

• ADNOC to explore low carbon ammonia value chain in Germany’s North Rhine-Westphalia (WAM 27/03/2023)

• AD Ports Group launches new Ro-Ro Shipping Service to improve commercial connectivity with Kuwait (WAM 25/03/2023)

• Almheiri urges investment, action for water sustainability at UN Conference, leading up to COP28 (WAM 25/03/2023)

• Mariam Almheiri highlights UAE’s ambition to scale collective action, innovative solutions to address global water challenge (WAM 24/03/2023)

• Emirates airline says blocked payments in Nigeria remain substantial (The National 24/03/2023)

• Anwar Gargash Diplomatic Academy celebrates 50 years of diplomatic relations between UAE, Türkiye (WAM 23/03/2023)

• dnata and American Airlines expand partnership to support carrier’s growth in Indian market (WAM 23/03/2023)

• COP28 President-Designate urges climate ministers to unite behind 'transformational progress' for COP of Action, COP for All (WAM 22/03/2023)

• Shakhboot bin Nahyan Al Nahyan meets President of Benin, signs MoU on technical cooperation (WAM 22/03/2023)

• UAE and Pakistan discuss boosting trade, investment cooperation (WAM 22/03/2023)

• UN Security Council members UAE, Malta, Mozambique, Switzerland announce sweeping new Climate, Peacec and Security Pledges (WAM 22/03/2023)

• UAE presents national report at joint 8th, 9th Review Meeting of Contracting Parties to Convention on Nuclear Safety (WAM 22/03/2023)

• ADIO-backed Access Abu Dhabi collaborates with Halcyon, U.S. State Department to host mission-driven (WAM 21/03/2023)

• Emirates Islamic launches cash back campaign to incentivise SME trade development in UAE (WAM 21/03/2023)

• Mohammed bin Rashid meets with President of Romania (WAM 21/03/2023)

• Local Press: UAE President’s positive call to Bashar Al-Assad (WAM 21/03/2023)

• Tadweer explores investment opportunities in Jordan (Abu Dhabi Media Office 21/03/2023)

• President Sheikh Mohamed meets Romanian President Klaus Iohannis (The National 21/03/2023)

• Adia Lab to establish its European headquarters in Spain (The National 21/03/2023)

• UAE President, Romanian President review bilateral relations, regional issues (WAM 20/03/2023)

• Ireland to work with UAE for highest possible ambition agreement at COP28: Irish minister (WAM 20/03/2023)

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Written by Jenny Hunt

Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates

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