UAE Weekly Business News 28/08/23

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

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UAE Weekly Business News, Issue 151. 28th August 2023.

UAE free zones news

• DWTCA Free Zone records 250% growth in licence renewals in H1 2023 (WAM 24/08/2023)

• Judicial Department licenses a notary in Abu Dhabi Global Market Courts (WAM 24/08/2023)

• DMCC’s energy sector surges, attracts industry giants and achieves record growth (Khaleej Times 24/08/2023)

• 'Dubai Integrated Economic Zones' reports 5% YoY increase in total revenue in H1-23 (WAM 23/08/2023)

• AD Ports Group’s economic cities, free zones and digital cluster enhances customer experience (WAM 23/08/2023)

• RAKEZ witnesses significant growth in holding company registrations (WAM 22/08/2023)

• KEZAD Group begins AED42m upgrade of KEZAD Al Ma’mourah (WAM 22/08/2023)

UAE employment, visa and Emiratisation news

• General Pension and Social Security Authority launches campaign to update employers' data (WAM 28/08/2023)

• ‘Will I be fined if my staff don’t join the unemployment scheme?’ (The National 27/08/2023)

• Major companies warn of scams exploiting UAE job demand (The National 26/08/2023)

• (WAM 25/08/2023)

• MoHRE, Bayt.com sign MoU to enhance retention of global talent in UAE labour market (WAM 24/08/2023)

• 82% of employees in UAE open to employers investing their end of service benefits (WAM 23/08/2023)

• Dubai Customs launches social initiative for laborers (WAM 23/08/2023)

• Why upskilling is much more than a quick fix (The National 23/08/2023)

• DP World launches ‘20XEL’ National Talent Development Programme 2023 (WAM 22/08/2023)

• Khaled bin Mohamed bin Zayed officially inaugurates Mawaheb Talent Hub (Abu Dhabi Media Office 22/08/2023)

• UAE shares workers’ rights for all employees – wages, passports, contracts etc (Arabian Business 22/08/2023)

• GEMS Education hires over 2,400 new teachers (Arabian Business 22/08/2023)

• Sukoon announces Dubai gratuity investment plan (Arabian Business 22/08/2023)

UAE business, trade, economy and investment news

• UAE F&B sector innovates to keep in tune with the times (Khaleej Times 27/08/2023)

• Dubai’s real estate market needs sustainable pricing for middle-income families (Khaleej Times 27/08/2023)

• Demand for branded residences on the rise as niche trend gains momentum (Khaleej Times 27/08/2023)

• UAE opens major new Dubai road (Arabian Business 27/08/2023)

• 9th WGES to take place 28th-29th November (WAM 26/08/2023)

• Federal Public Prosecution took 203,681 e-procedures in H1 2023 (WAM 26/08/2023)

• ADCDA continues field survey initiative in Al Dhafra Region (Abu Dhabi Media Office 26/08/2023)

• Dubai Maritime Authority launches Maritime Consumer Rights campaign (WAM 25/08/2023)

• Dubai sees over AED23.1b in weeklong real estate transactions (WAM 25/08/2023)

• Abu Dhabi Waste Management Company (Tadweer) enhancing emirate’s recycling infrastructure (Abu Dhabi Media Office 25/08/2023)

• 'Joining Brics shows UAE commitment to economic prosperity' (The National 25/08/2023)

• Abu Dhabi shuts down medical lab (Arabian Business 25/08/2023)

• Abu Dhabi Maritime launches Marina Awards to recognise excellence across MENAT region (WAM 24/08/2023)

• UAE government partners with Mastercard to accelerate adoption of artificial intelligence (WAM 24/08/2023)

• Dubai Airshow 2023 to showcase latest innovations and sustainable solutions (WAM 24/08/2023)

• BRICS inclusion: What does this mean for UAE, Saudi Arabia? (Arabian Business 24/08/2023)

• Nagham Zalabia’s beauty business to step up investments in UAE, Saudi Arabia (Arabian Business 24/08/2023)

• Air Arabia Abu Dhabi announces new Iran flight (Arabian Business 24/08/2023)

• ADNOC Logistics takes delivery of its third very large crude carrier (Arabian Business 24/08/2023)

• Dubai real estate specialists ignoring millionaires to focus on billionaires as 176 homes sold for $845m (Arabian Business 24/08/2023)

• UAE announces new real estate laws (Arabian Business 24/08/2023)

• WETEX and Dubai Solar Show promotes circular economy adoption in the UAE and worldwide (WAM 23/08/2023)

• Emirates flies over 14m passengers June-August (WAM 23/08/2023)

• GCC top export and re-export market for Dubai Chamber of Commerce members H1'23 (WAM 23/08/2023)

• Dubai is emerging as a key hub in a new world being shaped by disruptive trends (Government of Dubai Media Office 23/08/2023)

• Plan to boost Abu Dhabi as a smart city with satellites and self-driving taxis (The National 23/08/2023)

• Dubai property market set for 'year of Chinese investors' in 2024 (The National 23/08/2023)

• Dubai luxury property prices leap almost 50% (The National 23/08/2023)

• Kaspersky: Phishing emails in the UAE surged 77% last quarter (The National 23/08/2023)

• Dubai office market sees surge in rents (Arabian Business 23/08/2023)

• DGCX waives fees for its Shari’ah compliant spot gold contract (WAM 22/08/2023)

• DXB welcomes 41.6m guests in H1 2023 (WAM 22/08/2023)

• CARACAL to showcase commercial line of firearms and hunting rifles at ADIHEX 2023 (WAM 22/08/2023)

• 100 days until ADFW 2023 featuring leadership of 3500+ top global financial firms (WAM 22/08/2023)

• Al Jalila Foundation announces AED46m endowment to generate medical education and research funding (WAM 22/08/2023)

• Yas Island Metaverse Initiative launches virtual tourism experience (Abu Dhabi Media Office 22/08/2023)

• Dubai airport traffic surges 50% in 2023 (The National 22/08/2023)

• Abu Dhabi Midfield Terminal: Expected opening date, new facts, everything you need to know (Arabian Business 23/08/2023)

• Dubai International Chamber arranges 172 B2B meetings with Chinese companies (WAM 21/08/2023)

• DoE sets up gas safety committee to oversee emirate-wide LPG system safety inspection (WAM 21/08/2023)

• Abu Dhabi Judiciary achieves remarkable progress in global indicators in litigation time (WAM 21/08/2023)

• Dubai plans to recycle 100% of wastewater by 2030 (The National 21/08/2023)

• UAE announces $817k fines for breaking data laws (Arabian Business 21/08/2023)

UAE financial news

• UAE corporate tax: What you need to know about penalties (The National 28/08/2023)

• Borouge’s PP5 unit generates $209m sales in H1 2023, driving sustainable growth (WAM 25/08/2023)

• AED268.6b in saving deposits held by UAE banks until end of June 2023 (WAM 25/08/2023)

• Financial, realty blue chips continue to drive UAE stock markets (WAM 25/08/2023)

• AED20,000 fine warning in UAE: Have you received this e-mail from your bank? (Khaleej Times 23/08/2023)

• UAE auction of Islamic treasury bonds oversubscribed 5.5 times (The National 23/08/2023)

• e& capital leads $5m Series A financing round in Maxbyte (WAM 22/08/2023)

• UAE suspends 50 businesses for failing to register in anti-money laundering system (WAM 21/08/2023)

• CBUAE's foreign assets up to AED592.1b in June (WAM 21/08/2023)

• Central Bank’s budget totalled AED650b for H1 2023 (WAM 21/08/2023)

• Total of AED190b in green financing dedicated by six major UAE banks (WAM 21/08/2023)

• ADX partners with 'Tawasal SuperApp' to offer real-time market updates (WAM 21/08/2023)

UAE mergers and acquisitions news

• Virgin Mobile Latin America acquired by Dubai-based global investment company Beyond ONE (Arabian Business 24/08/2023)

UAE bilateral trade news

• UAE calls for free flow of capital, goods, services during B20 meeting in India (WAM 27/08/2023)

• United Arab Emirates joins BRICS Group (WAM 25/08/2023)

• DP World to invest $510m to develop Tuna-Tekra mega-container terminal in India (WAM 25/08/2023)

• Dubai Municipality visits Japan to explore best practices in sewage, rainwater management, recycling (WAM 25/08/2023)

• UAE joins call for open, inclusive trade during G20 Trade and Investment Ministerial Meeting (WAM 25/08/2023)

• UAE's inclusion into BRICS opens up significant development prospects (WAM 24/08/2023)

• UAE Embassy in Türkiye participates in 20th Turkish-Arab Economic Cooperation Summit (WAM 24/08/2023)

• FAB, Magnati collaborate with Geidea to accelerate digital payments in Saudi Arabia (WAM 24/08/2023)

• UAE’s Phoenix Group and Green Data City to start $300m crypto farm (The National 24/08/2023)

• HKSTP CEO reveals plans to expand operations to cover UAE, Middle East (WAM 23/08/2023)

• UAEU becomes member of National Academy of Inventors in the US (WAM 22/08/2023)

• Abu Dhabi Chamber signs MoU with Ethiopian Investment Commission (WAM 21/08/2023)

• DP World partners with Caspian Week 2023 to develop logistics and trade in Greater Caspian Region (WAM 21/08/2023)

Emirati Women's Day

28th August 2023

• Khalid bin Zayed commends Emirati women's efforts, successes (WAM 28/08/2023)

• Fatima bint Mubarak launches National Strategy for Empowerment of Emirati Women in UAE for 2023-2031(WAM 27/08/2023)

• Brand Dubai unveils new guide on occasion of Emirati Women’s Day (WAM 27/08/2023)

• Emirati Women’s Day is reminder of role of country's wise leadership and Mother of the Nation (WAM 27/08/2023)

• Bodour Al Qasimi commends Emirati women's achievements (WAM 27/08/2023)

• Frontline Heroes Office praises efforts of Emirati women (WAM 27/08/2023)

• Emirati women's achievements reflective of UAE leadership's support: Issa bin Zayed (WAM 27/08/2023)

• Emirati Women are key partners in ongoing national efforts to create a sustainable future for succeeding generations - Mariam Almheiri (WAM 27/08/2023)

• Latifa bint Mohammed: Emirati women are the heartbeat of creativity and the source of inspiration (Government of Dubai Media Office 27/08/2023)

Leading up to COP28 in the UAE

30th November-12th December 2023

• Declaring International Day of Clean Energy inspires countries to adopt solutions to accelerate energy transition (WAM 27/08/2023)

• COP28 will support developing countries and emerging economies to move towards green transition (WAM 26/08/2023)

• MoCCAE updating National Biodiversity Strategy 2031 (WAM 24/08/2023)

• COP28 UAE Presidency announces priorities to drive water up climate agenda (WAM 24/08/2023)

• UAE's hosting of COP28 a testament to world's recognition of its role in climate action (WAM 24/08/2023)

• COP28, a critical juncture in climate action: Razan Al Mubarak (WAM 23/08/2023)

• COP28 affirms Arab role in tackling climate change (WAM 23/08/2023)

• UAE’s Cop28 presidency is a milestone for climate action, says Mandela's granddaughter (The National 23/08/2023)

• COP28 announces innovative thematic programme to progress action on its goals (WAM 22/08/2023)

• 100 days to COP28: UAE to welcome the world to deliver transformative climate action (WAM 22/08/2023)

• UAE stands ready to host COP28 and highlight its role in enhancing global climate action (WAM 22/08/2023)

• GCAA confirms readiness of UAE’s airports to welcome COP28 guests (WAM 22/08/2023)

• COP28 reaffirms UAE’s commitment to leading global drive to tackle climate challenge (WAM 22/08/2023)

• Hosting COP28, global recognition of UAE's efforts in fast-tracking energy transition (WAM 22/08/2023)

• IRENA to announce results of 'ETAF' initiative in Cop28 (WAM 22/08/2023)

• COP28 reaffirms UAE’s commitment to leading global drive to tackle climate challenges (WAM 22/08/2023)

• UAE Press: With just 100 days to go, it's time to get ready for Cop28 (WAM 22/08/2023)

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Written by Jenny Hunt

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

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