UAE Weekly Business News 28/03/22

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 79. 28th March 2022.

UAE Trade licence and visa-related headlines

• Hub71 leads AED1.5b investments for Abu Dhabi startups (WAM 23/03/2022)

• Scale2Dubai programme's first cohort to feature 85 start-ups, small businesses (WAM 24/03/2022)

• Jail term for Emirati woman after worker's death highlights employers' duty of care (The National 24/03/2022)

• UAE jobs: Why the Emirates has one of the world's 'strongest hiring booms' (The National 28/03/2022)

• ‘Should my employer pay for my flight home from UAE after sacking me?’ (The National 28/03/2022)

UAE Bilateral trade-related headlines

• UAE, Turkey accelerating trade cooperation (WAM 21/03/2022)

• Japanese Foreign Minister highlights UAE-Japan strategic partnership (WAM 21/03/2022)

• ADNOC expands strategic partnerships across hydrogen value chain with leading German companies (WAM 21/03/2022)

• UAE accounts for 77% of GCC investments in Latin America over 2016-2021 period (WAM 22/03/2022)

• CEPA paves way for new era of growth for UAE, India (WAM 22/03/2022)

• Abu Dhabi Chamber discusses economic cooperation with Turkey's ULUSKON (WAM 22/03/2022)

• Middle East market remains promising for Vietnamese exporters (WAM 22/03/2022)

• Mohamed bin Zayed, President of Azerbaijan review advancing clean energy cooperation (WAM 22/03/2022)

• Abdullah bin Zayed meets German Vice Chancellor at Expo 2020 Dubai (WAM 22/03/2022)

• Abdullah bin Zayed meets with Estonian President at Expo 2020 Dubai (WAM 22/03/2022)

• Maktoum bin Mohammed meets with Greek Deputy PM at Expo 2020 Dubai (WAM 23/03/2022)

• UAE, Netherlands sign MoU on hydrogen energy (WAM 23/03/2022)

• Abdullah bin Zayed receives Vice President of Paraguay at Expo 2020 Dubai (WAM 23/03/2022)

• UAE-India CEPA to become operational in one month (WAM 24/03/2022)

• UAE is key digital economy partner for Latin America (WAM 24/03/2022)

• UAE, Netherlands ink agreement to bolster 50 years of trade, economic relations (WAM 24/03/2022)

• Mohamed bin Zayed receives Grand Duke of Luxembourg (WAM 24/03/2022)

• UAE hosts first session of UAE-Estonia Business Council (WAM 26/03/2022)

• UAE-Turkey Real Estate Development & Construction Conclave to tap into new bilateral opportunities (WAM 26/03/2022)

• AD Ports, Kuwait General Administration of Customs sign MoU to establish virtual trade corridor (WAM 27/03/2022)

• Abdullah bin Zayed participates in 'Negev Summit' in Israel (WAM 28/03/2022)

• Mexican FM hails bilateral relations with UAE (WAM 28/03/2022)

UAE business and economy-related headlines

• Six currencies account for 90% of Arab transactions: AMF Director-General (WAM 21/03/2022)

• Environment Agency - Abu Dhabi records remarkable improvement in indicator of sustainable fishing (WAM 21/03/2022)

• Masdar’s clean energy capacity jumped 40% in 2021 with renewables portfolio expansion (The National 21/03/2022)

• UAE schools run financial literacy workshops during Global Money Week (The National 21/03/2022)

• UAE’s Cybersecurity Council to collaborate with Huawei in strengthening ecosystems and capabilities (WAM 22/03/2022)

• Water security integral part of development drive: Minister of Energy and Infrastructure (WAM 22/03/2022)

• Dubai SME members win government procurement contracts worth AED921.6 million in 2021 (WAM 22/03/2022)

• Dubai Airports to close DXB’s northern runway for refurbishment (WAM 22/03/2022)

• Mariam Almheiri highlights efforts of Emirati women in environmental conservation field (WAM 22/03/2022)

• UAE to revise service fee structures across ministries and federal bodies (The National 22/03/2022)

• Why crowdfunding is important for the UAE (The National 22/03/2022)

• Abu Dhabi megaprojects: four new developments announced in 2022 (The National 22/03/2022)

• First Dubai International Real Estate Conference spotlights women's role, real estate's future (WAM 23/03/2022)

• DCT Abu Dhabi appoints Miral to oversee Saadiyat Island’s destination management strategy (WAM 23/03/2022)

• UAE is a prime example of an economic miracle: President of New Development Bank (WAM 23/03/2022)

• Minister of Energy and Infrastructure launches initiatives to ensure sustainability of water resources (WAM 23/03/2022)

• Strata unveils visionary pivot adding more advanced manufacturing verticals (WAM 23/03/2022)

• Khaled bin Mohamed bin Zayed launches Natural History Museum Abu Dhabi project (WAM 23/03/2022)

• Citigroup expects sharp increase in UAE and Mena business amid economic recovery (The National 23/03/2022)

• Polestar electric cars on sale in UAE as Al-Futtaim signs official deal (The National 23/03/2022)

• UAE steps up jail terms and fines for cyber criminals (The National 23/03/2022)

• Dubai residential property prices and rents to continue increasing in 2022, S&P says (The National 23/03/2022)

• Hamdan bin Mohammed directs establishment of entity to protect consumer rights, ensure fair trade (WAM 24/03/2022)

• Barakah Nuclear Power Plant a positive UAE's success story of collective cooperation, action (WAM 24/03/2022)

• UAE Peaceful Nuclear Programme continues accomplishing distinguished achievements (WAM 24/03/2022)

• FANR continues conducting its regulatory oversight, inspection to ensure the safety and security of Unit 2 of the Barakah Nuclear Power Plant (WAM 24/03/2022)

• UAE's clean electricity generation has doubled in less than year (WAM 24/03/2022)

• Barakah doubles clean electricity generation with start of Commercial Operations at Unit 2 (WAM 24/03/2022)

• UAE on track to achieving objectives of National Energy Strategy 2050 (WAM 24/03/2022)

• Al Ajban strategic expansion to produce 30m hatching chicken eggs annually by 2023 (WAM 24/03/2022)

• ‘Dubai Can’ campaign achieves far-reaching results (WAM 24/03/2022)

• New NYUAD study offers insights into how workplace culture perpetuates gender gaps (WAM 24/03/2022)

• Al Ansari Exchange records up to 20% growth in remittances to Egypt (The National 24/03/2022)

• New road safety campaign aimed at Dubai’s delivery riders (The National 24/03/2022)

• UAE Central Bank on track to exit second phase of Tess scheme by mid-2022 (The National 24/03/2022)

• High costs a barrier to mental health support in UAE (The National 24/03/2022)

• Middle East relies more on desalination as water shortages loom (The National 24/03/2022)

• DMCC to install solar panel parking shades across JLT district (WAM 25/03/2022)

• UAE launches Sustainable Green Building Codes at Expo 2020 (WAM 25/03/2022)

• SMEs play critical role in UAE move towards economic growth, diversity (WAM 25/03/2022)

• UAE provided an example to newcomers throughout development of nuclear power programme: IAEA (WAM 25/03/2022)

• AED6.8b in weeklong real estate transactions in Dubai (WAM 25/03/2022)

• UAE Ministry of Economy to set up action group for e-commerce industry (The National 25/03/2022)

• GCC luxury sales surpassed pre-pandemic level by 23% in 2021 (The National 25/03/2022)

• How UAE can achieve net zero despite growing population (The National 25/03/2022)

• Dubai saves 329 mw of electricity during Earth Hour 2022 (WAM 26/03/2022)

• Dubai property market sees strongest ever start to a year with 12,119 transactions (The National 26/03/2022)

• RTA uses 3D printing to maintain roads, facilities (WAM 27/03/2022)

• UAE sets out six-month food security action plan to cut waste (The National 27/03/2022)

• UAE calls for positive, pragmatic approach to energy transition, practical climate action to ensure energy security, economic progress (WAM 28/03/2022)

• Hamdan bin Mohammed issues Resolution amending public parking regulations (WAM 28/03/2022)

• Expo 2020 Dubai drives UAE aviation, tourism and hotel sector recovery (The National 28/03/2022)

• UAE's investment outlook is positive (The National 28/03/2022)

• Exclusive: Dubai 'ideal for green Bentley of the sea' flying boat (The National 28/03/2022)

• Opec+ work must stay independent of politics, UAE energy minister says (The National 28/03/2022)

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Written by Jenny Hunt

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

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