UAE Weekly Business News 29/01/24

Welcome to Gateway Group's weekly collation of economic, trade and investment headlines from Abu Dhabi and Dubai.

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 regulations, conveniently in one place.

How to use this resource

Scan the headlines and choose those relevant to you. To read the full article, click the headline. The source is in purple for reference.

Every Monday

UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically.

Click to stay informed. It's free.

UAE Weekly Business News issue 172 published 29th January 2024.

UAE FREE ZONE NEWS

• SAIF Zone inks MoU with Tokai Optical (WAM 28/01/2024)

• Sharjah Publishing City Free Zone introduces first 'Instant Licence' (WAM 26/01/2024)

• DMCC kicks off 2024 global trade roadshow in London (WAM 24/01/2024)

• DFSA continues remarkable growth, issuing record number of licences since its inception (WAM 24/01/2024)

• With support of Abu Dhabi Investment Office, Hub71-backed ABHI to establish global headquarters in the emirate (Abu Dhabi Media Office 24/01/2024)

• Dubai South records highest-ever business aviation movements in 2023 (WAM 23/01/2024)

• Dubai South sees record private jet usage at aerospace hub, trade to hit $2.2b (Arabian Business 23/01/2024)

• Expo City Dubai chosen as region's first permanent office of 'Roots & Shoots' (WAM 22/01/2024)

• Over 7,800 companies join RAKEZ’s business community in 2023 (WAM 22/01/2024)

UAE VISA NEWS (inc. employment, Emiratisation, training, women)

• UAE Gen Z ‘difficult to work with’: Here’s how can employees retain them (Arabian Business 29/01/2024)

• Dubai jobs: Global talent flock to UAE for roles in real estate, marketing and IT, survey finds (Arabian Business 29/01/2024)

• Abu Dhabi real estate: Analysts identify top places to invest in apartments and villas, ROI of over 8% identified (Arabian Business 29/01/2024)

• 5 Essential Tips for Starting a Successful Business in Abu Dhabi in 2024 (Gateway Group 28/01/2024)

• ‘Can my employer reduce my basic salary?’ (The National 28/01/2024)

• Burjeel Holdings collaborates with ACTVET to train, employ Fatima College of Health Sciences Graduates (WAM 26/01/2024)

• Abu Dhabi Pension Fund partners with Reem Hospital to enhance healthcare services for pensioners (Abu Dhabi Media Office 26/01/2024)

• Joy for Filipina cleaner after Dh100,000 workplace awards win (The National 26/01/2024)

• Explore the Updated UAE Golden Visa Requirements. Unlock new investment opportunities (Gateway Group 25/01/2024)

• ‘Dubai Retiree Projects Support’ programme launched under Dubai Social Agenda 33 (WAM 24/01/2024)

• Dubai Business Women Council, Oracle collaborate to upskill 500 UAE women professionals and entrepreneurs in AI (WAM 24/01/2024)

• National Programme for Coders launch’s training programme for Emirati women (WAM 24/01/2024)

• UAE golden visas: 'No minimum down payment' for property buyers (WAM 24/01/2024)

• UAE salary guide 2024: Most employees seek job change, salaries revealed (Arabian Business 24/01/2024)

• Abu Dhabi’s healthcare sector attracts more than 1200 national talents (WAM 23/01/2024)

• ERDC launches National R&D Leadership Programme empowering local talent to drive UAE R&D ecosystem (WAM 23/01/2024)

• My Dubai Salary: 'I earned Dh3,000 a month as a student' (The National 23/01/2024)

• UAE to offer visa-free travel to Armenia from 1st February 2024 (Arabian Business 23/01/2024)

UAE BUSINESS AND ECONOMY NEWS

• Noatum launches new logistics brand in Middle East (WAM 29/01/2024)

• World’s leading cable-laying vessel begins operations on ADNOC, TAQA’s offshore electrification and decarbonisation project (WAM 29/01/2024)

• Empower and ASHRAE join hands to develop the third generation District Cooling Systems (Government of Dubai Media Office 29/01/2024)

• M42 partners with Environment Agency – Abu Dhabi to complete ghaf tree genome mapping project (Abu Dhabi Media Office 29/01/2024)

• 'Range anxiety', rushing to malls to charge cars: EV owners in UAE list challenges (Khaleej Times 29/01/2024)

• More than 21m passengers cleared Dubai immigration within minutes in 2023 (Khaleej Times 29/01/2024)

• World’s largest LEGO store opens at Dubai International Airport (Arabian Business 29/01/2024)

• SEHA concludes 4th Abu Dhabi Integrated Mental Health Conference (WAM 28/01/2024)

• Hamdan bin Mohammed launches AED500m Dubai International Growth Initiative to accelerate global expansion of SMEs (WAM 28/01/2024)

• Arab Health 2024 spotlights UAE's position at the helm of health innovation (WAM 28/01/2024)

• UAE Minister of Industry and Advanced Technology visits pharma manufacturer Global Pharma (WAM 28/01/2024)

• New records for Dubai real estate (Khaleej Times 28/01/2024)

• Dubai branded residences offer up to 100% higher rents (Khaleej Times 28/01/2024)

• UAE Organ Donation and Transplantation Congress 2024 kicks off in Dubai with 8,000+ global experts (WAM 27/01/2024)

• COP28 Higher Committee meets to discuss game changing UAE-led global climate summit (WAM 27/01/2024)

• UAE free zone offers instant business licence to help entrepreneurs set up a company with visas, office space and more (Arabian Business 27/01/2024)

• PureHealth to double down on longevity as over-60 population will boom by 2050 (WAM 26/01/2024)

• AD Ports Group launches Abu Dhabi Knowledge Bridge (WAM 26/01/2024)

• UAE plays leading role in global eco-friendly energy scene (WAM 26/01/2024)

• DEWA is on pace to reach Net-Zero by 2050 through pioneering clean, renewable energy projects (WAM 26/01/2024)

• Dubai's weeklong real estate transactions exceed AED14.2b (WAM 26/01/2024)

• UAE remains committed to achieving a more sustainable future, Abdullah bin Zayed affirms (WAM 26/01/2024)

• Majlis Mohamed bin Zayed lecture explores UAE’s unique position at heart of vital trade corridors (WAM 26/01/2024)

• Abu Dhabi ranked world’s safest city for 8th consecutive year (Abu Dhabi Media Office 26/01/2024)

• Half of Mercedes-Benz branded properties in Dubai sold out (The National 26/01/2024)

• Etihad Rail: Everything we know about UAE mega project (The National 26/01/2024)

• Ecosine Transports LLC spearheads EV revolution in Dubai’s luxury transport sector (Khaleej Times 26/01/2024)

• Titan Eye+ strengthens footprint in UAE with strategic openings (Khaleej Times 26/01/2024)

• Dubai’s Emirates expands operations in Australia with upgraded A380 flights, additional services (Arabian Business 26/01/2024)

• IndiGo expands Middle East network with Dubai-Surat direct flights (Arabian Business 26/01/2024)

• Essential Business Guide To Dubai Events in 2024 (Gateway Group 26/01/2024)

• UMEX and SimTEX 2024 conclude its largest edition for defence deals with AED2.9b (WAM 25/01/2024)

• CEO Clubs Network Founder highlights UAE's role as a leader in investment and trade (WAM 25/01/2024)

• ADNOC, Etihad Rail operate first rail journey between Abu Dhabi City and Al Dhannah City (WAM 25/01/2024)

• Wizz Air plans to increase its global fleet by 35 aircraft this year, targets 500 jets by 2030 (WAM 25/01/2024)

• UAE ranks 4th in Infrastructure Quality on Global Competitiveness Report (WAM 25/01/2024)

• Khaled bin Mohamed bin Zayed meets CEO of Apollo Global Management (WAM 25/01/2024)

• EDGE to supply 200 unmanned helicopters to UAE Ministry of Defence (WAM 25/01/2024)

• ADM urges compliance with occupational safety and health standards in construction sector (WAM 25/01/2024)

• Suhail Al Mazrouei reaffirms UAE’s commitment to building sustainable future (WAM 25/01/2024)

• Miral sustainability initiatives advancing net-zero contributions (Abu Dhabi Media Office 25/01/2024)

• Abu Dhabi Health Services Company (SEHA) ranked highest certified healthcare company in National In-Country Value programme (Abu Dhabi Media Office 25/01/2024)

• UAE Property: ‘My tenant is refusing to pay the rent’ (The National 25/01/2024)

• Etihad Rail makes its first passenger journey (The National 25/01/2024)

• Masdar teams up with Daimler Truck for liquid hydrogen exports to Europe (The National 25/01/2024)

• Fast Food and Cafe Convention 2023: A pinnacle of innovation, technology, and sustainability (Khaleej Times 25/01/2024)

• From $20m to $2b: Dubai Duty Free chief Colm McLoughlin wins Arabian Business lifetime achievement award (Arabian Business 25/01/2024)

• Dubai emerges as leading culinary destination: Report (Arabian Business 25/01/2024)

• UAE, Saudi shoppers buy some luxury brands regardless of price: Report (Arabian Business 25/01/2024)

• Dubai Fashion Week 2024 to be held on February 4-8 (Arabian Business 25/01/2024)

• UAE tackles climate challenges and charts a sustainable future through national dialogues (WAM 24/01/2024)

• TII, ASPIRE, Maqta Gateway collaborate to enhance autonomous technologies (WAM 24/01/2024)

• DEWA's Soqoor programme approved 120,409 NOCs in 2023, marking a 30.62% increase (WAM 24/01/2024)

• ADNOC Drilling kickstarts 2024 operations with 2 hybrid rigs (WAM 24/01/2024)

• etisalat by e& sets benchmark in Middle East with symmetric 50G PON technology for broadband services (WAM 24/01/2024)

• UAE President issues law establishing Abu Dhabi Heritage Authority (WAM 24/01/2024)

• Dubai to benefit from record 349 business event wins in 2023(WAM 24/01/2024)

• Abu Dhabi Real Estate Centre reports 6% reduction in service and community charges across the emirate in 2023 (Abu Dhabi Media Office 24/01/2024)

• Dubai developers entice new buyers with favourable payment terms (The National 24/01/2024)

• Amazon announces most used Alexa features in Middle East in 2023 (Arabian Businsess 24/01/2024)

• Dubai’s RTA issued over 67,000 professional transport permits last year, up 25% on 2022 (Arabian Business 24/01/2024)

• Sleep tourism: UAE travellers planning holidays around quality sleep over activities, food, events (Arabian Business 24/01/2024)

• UAE Gen Z employees are ‘doom spending’ and maxing credit cards to cope with economic uncertainty, say experts (Arabian Business 24/01/2024)

• Dubai’s VARA emerges as global leader in regulated virtual assets industry (Arabian Business 24/01/2024)

• UAE's vision for longevity in focus at Arab Health’s Future Health Summit (WAM 23/01/2024)

• EDGE Group launches new advanced autonomous air and land solutions at UMEX 2024 (WAM 23/01/2024)

• KEZAD Group, etisalat by e& partner to upgrade digital landscape of Razeen City (WAM 23/01/2024)

• UAE defence industries have proven their global competitiveness, EDCC's Mona Al Jaber tells WAM (WAM 23/01/2024)

• ADDED pioneers pathways for sustainable development in Al Ain (WAM 23/01/2024)

• Dubai to host AccessAbilities Expo’s sixth edition (WAM 23/01/2024)

• Dubai's VARA awarded 19 regulated VASP licenses in 2023 (WAM 23/01/2024)

• Dubai Customs successfully processed over 30.4m transactions in 2023 (WAM 23/01/2024)

• World of Coffee Dubai 2024 attracts over 13,000 specialised visitors with 30% growth (WAM 23/01/2024)

• Abu Dhabi companies set up air corridor to diversify food trade (The National 23/01/24)

• Oracle to expand Dubai operations amid cloud push in Middle East (The National 23/01/2024)

• Dubai International ranked busiest airport in the world (Khaleej Times 23/01/24)

• Middle East CEOs optimistic on growth, but almost half fear long-term economic viability of companies (Arabian Business 23/01/2024)

• Emirates announces South America travel boost with new Brazil and Argentina flights (Arabian Business 23/01/2024)

• UAE real estate: Property market flourishes amid global challenges, says new JLL report (Arabian Business 23/01/2024)

• UAE signs GlobalEye support contract worth $190m with Saab (Arabian Business 23/01/2024)

• Mashreq partners with UAE fintech Fils to launch carbon offsetting services for corporate clients (Arabian Business 23/01/2024)

• Dubai property leasing deals jump 400% in January 2024 (Arabian Business 23/01/2024)

• Hatta’s economic transformation inspires new generation of entrepreneurs (WAM 22/01/2024)

• Dubai Customs Week boosts global trade security and flexibility (WAM 22/01/2024)

• UAE Food Bank’s initiatives and programmes touch lives of over 18.6 million people worldwide in 2023 (WAM 22/01/2024)

• UAE President issues law establishing Artificial Intelligence and Advanced Technology Council (WAM 22/01/2024)

• Airport Show provides best technologies to facilitate passenger screening processes (WAM 22/01/2024)

• Abu Dhabi issues new AI law, introduces council to develop sector (Arabian Business 22/01/2024)

UAE FINANCIAL NEWS

• Bank fraud: UAE resident loses Dh171,000 to criminals (The National 26/01/2024)

• Emirates Islamic posts highest-ever net profit of $580m (Arabian Business 26/01/2024)

• Ministry of Finance plans to issue bonds, Sukuk valued at AED5b in Q1 2024 (WAM 25/01/2024)

• Arada records 100% rise in sales to AED7.02b in 2023 (WAM 25/01/2024)

• UAE tops regional green bond league tables with $10.7b (WAM 25/01/2024)

• Emirates NBD's Q4 profit rises 3% on continued economic momentum (The National 25/01/2024)

• UAE’s outstanding debt capital market rose 10% last year (Khaleej Times 24/01/2024)

• Dubai Islamic Bank reports net profit of AED7b, up 26% YoY (WAM 23/01/2024)

• ADIB net profit jumps 45% to AED5.25b in 2023 (WAM 23/01/2024)

• UAE leads GCC in IPO proceeds of $6.07b in 2023 (Khaleej Times 23/01/2024)

• UAE-based digital asset management platform Akkrue Capital announced closing first funding round (Arabian Business 23/01/2024)

• Dubai developer Deyaar's 2023 profit increases on higher revenue (The National 22/01/2024)

• UAE corporate tax: Personal versus business assets (The National 22/01/2024)

• GCC outlook more upbeat than global prospects (Khaleej Times 22/01/2024)

UAE MERGERS AND AQUISITIONS NEWS

• EDGE expands end-to-end defence capabilities with addition of International Golden Group (WAM 23/01/2024)

UAE BILATERAL TRADE NEWS

• Ministry of Energy and Infrastructure explores collaboration with Beijing Research Institute of Uranium Geology (WAM 29/01/2024)

• UAE National Olympic Committee, Albanian counterpart discuss enhancing cooperation (WAM 29/01/2024)

• DAE signs long-term leases for 10 Boeing 737-8 aircraft with Turkish Airlines (WAM 29/01/2024)

• Egypt is exploring possibility of issuing bonds in Emirati dirhams, Indian rupees (WAM 29/01/2024)

• Arab Health 2024 to showcase UK investment potential for Gulf boom (The National 28/01/2024)

• Presidents of UAE, Democratic Republic of the Congo discuss bilateral relations (WAM 27/01/2024)

• Estonia's digital health triumph shines at Arab Health 2024 (WAM 27/01/2024)

• WAM delegation explores enhancing media cooperation in Turkmenistan (WAM 26/01/2024)

• Trends and Turkish Foreign Policy Institute discuss research cooperation (WAM 26/01/2024)

• Ahmed Al Sayegh discusses enhancing mutual cooperation with Minister of Trade of New Zealand (WAM 26/01/2024)

• Hong Kong recognises UAE as significant trading partner with trade volume exceeding $16b (WAM 25/01/2024)

• Maqta Gateway, Aqaba Development Corporation to digitalise Jordan’s maritime sector through Maqta Ayla (WAM 25/01/2024)

• Minister of Education leads UAE delegation at Bett EdTech exhibition in London (WAM 25/01/2024)

• UAE and Malaysia enter strategic partnership to boost digital infrastructure development (WAM 25/01/2024)

• Noura Al Kaabi meets Ambassador of Slovenia to UAE to discuss strengthening collaboration (WAM 24/01/2024)

• Dragon Oil hosts workshop on improving production and rediscovering Gulf of Suez fields (WAM 24/01/2024)

• Georgian PM receives Government Experience Exchange Office delegation (WAM 24/01/2024)

• Egyptian Planning Minister highlights ongoing cooperation with UAE in investment and sovereign funds (WAM 24/01/2024)

• UAE President visits King of Bahrain at his residence in Abu Dhabi (WAM 24/01/2024)

• Dubai in final talks with Uganda over new oil refinery (The National 24/01/2024)

• Malta launches Executive Leadership Programme in collaboration with UAE (WAM 22/01/2024)

---

If you found this blog post informative and helpful,

please show your appreciation by clicking the ❤️ at the bottom of this page.

Thank you.

---

Written by Jenny Hunt

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

FORBES' Top 100 Most Influential Women in the Middle East

25 Best Abu Dhabi Blogs And Websites