UAE Weekly Business News 29/04/2024
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UAE Weekly Business News: Issue 186 published 29th April 2024.
UAE FREE ZONE NEWS
DIFC delivers record 23% YoY growth in underwriting volumes, reaching annual $2.6b in gross written premiums (WAM 28/04/2024)
Dubai South signs agreement with AGMC to launch AED500m facility (WAM 26/04/2024)
DIFC Courts continues to consolidate its status as region’s pre-eminent forum for English language dispute resolution (WAM 25/04/2024)
DMCC hosts first trade roadshow in Japan to drive Dubai growth in Web3 , AI, gaming (WAM 25/04/2024)
ADGM, Hacken forge partnership to elevate blockchain security standards (WAM 24/04/2024)
DIFC welcomes AI marketing, growth solutions platform 'Webidoo' (WAM 24/04/2024)
UAE VISA NEWS (inc. employment, Emiratisastion, human resources, training and women)
Seven conditions related to pension disbursements in Law No. 57 of 2023: GPSSA (WAM 29/04/2024)
Emirati Human Resources Development Council, KPMG Lower Gulf join forces for Emiratisation (WAM 28/04/2024)
How to apply for Golden Visa as a student; process explained (Khaleej Times 28/04/2024)
‘Industrialists Career Exhibition’ concludes with 10,000 immediate interviews for Emirati talents (WAM 24/04/2024)
My Abu Dhabi Salary: ‘I earn up to Dh18,000 a month as a business coach’ (The National 23/04/2024)
New jobs in UAE surge 8% in 3 months as Gulf employment booms (Arabian Business 23/04/2024)
UAE BUSINESS NEWS
Suhail Al Mazrouei underscores UAE’s commitment to balancing economic development, environmental protection at World Economic Forum (WAM 29/04/2024)
ACRES Real Estate Exhibition to kick off May 16 in Dubai (WAM 29/04/2024)
Empower signs an agreement with Al Habtoor Group to provide district cooling services for Al Habtoor Tower (Government of Dubai Media Office 29/04/2024)
Abu Dhabi rises 10 places in Leading Maritime City Report 2024 (Abu Dhabi Media Office 29/04/2024)
Why electric freight is turning to the Middle East (The National 29/04/2024)
GenAI: UAE poised to rise to number 3 position globally (Arabian Business 29/04/2024)
International Congress of Arabic Publishing and Creative Industries inaugurates its third edition in Abu Dhabi (WAM 28/04/2024)
Session held as part of Dubai Economic Leadership Program highlights 3 strategies underpinning emirate’s success (WAM 28/04/2024)
Dubai Real Estate Brokers Programme attracts over 1,000 citizens, 25 strategic partnerships with the private sector (WAM 28/04/2024)
Eleventh Middle East Joint Surgery Congress concludes in Dubai (WAM 28/04/2024)
PublisHer, Visa agree to collaborate on projects supporting women in publishing, promote entrepreneurial activities (WAM 28/04/2024)
AIM Congress 2024: 450+ Dialogue sessions to be hosted with 330+ global partners (WAM 28/04/2024)
Dubai ranks first in the Arab World in 2024 Leading Maritime Cities report (WAM 28/04/2024)
Al Maktoum International Airport expansion solidifies Dubai's position as global aviation hub (WAM 28/04/2024)
Investopia 2024 emphasises importance of driving new economy projects in AI, fintech, healthcare, environment (WAM 28/04/2024)
Mohammed bin Rashid approves designs, start of work on new AED128b passenger terminal at Al Maktoum International Airport (WAM 28/04/2024)
Abu Dhabi Department of Economic Development partners with Emirates Driving Company to enhance innovation in transport sector (Abu Dhabi Media Office 28/04/2024)
UAE may beat goal of tripling renewable energy capacity by 2030 (The National 28/04/2024)
All operations at Dubai International Airport to be transferred to Al Maktoum (Khaleej Times 28/04/2024)
Dubai real estate: Apartments drive property market growth in Q1 2024 (Arabian Business 28/04/2024)
EAD announces 2024 Grazing Season in Abu Dhabi from May 15 to October 15 (WAM 27/04/2024)
Dubai SME rolls out financial assistance for businesses affected by exceptional weather conditions (WAM 27/04/2024)
Abu Dhabi Customs emphasises role of IP in driving national economic growth (WAM 27/04/2024)
Dubai real estate: Property market shatters records with over 30,000 transactions in Q1 2024 (Arabian Business 27/04/2024)
Burjeel Medical City carries out first deceased donor liver transplant (WAM 26/04/2024)
ADDED reveals AED11b investment opportunities in transportation industries (WAM 26/04/2024)
ADIO, Multi Level Group, EHang seal strategic collaboration to drive eVTOL development in UAE (WAM 26/04/2024)
EWEC announces partners to develop 1.5GW solar project in Abu Dhabi (WAM 26/04/2024)
Maktoum bin Mohammed meets with Co-Founder and Co-Chair of leading global private equity firm CVC Capital Partners (WAM 26/04/2024)
FEST Auto, ADU collaborate to accelerate sustainable urban mobility solutions (WAM 26/04/2024)
COP28 President urges governments to ‘think bigger, act bolder’ on national climate plans that are aligned with UAE Consensus (WAM 26/04/2024)
Abu Dhabi Airports records 6.9 million passengers in Q1 2024 (WAM 26/04/2024)
12th International Conference for Autism Research to take place in Abu Dhabi (Abu Dhabi Media Office 26/04/2024)
Zayed International Airport posts 36% jump in first-quarter passenger traffic (The National 26/04/2024)
GCC aluminium producers look to boost exports amid US ban on Russian metals (The National 26/04/2024)
Adnoc Distribution's AI-powered robotic pump attendant turns heads (The National 26/04/2024)
How UAE telco e& is using AI, robots and machine learning to transform communication industry (Arabian Business 26/04/2024)
Dubai ranks among top 10 most affordable global city destinations (Arabian Business 26/04/2024)
Spinneys, LuLu’s IPOs to set right tone for other private family-owned businesses to follow suit, say analysts (Arabian Business 26/04/2024)
Hamdan bin Mohammed inaugurates landmark Dubai Reef sustainability initiative with launch of pilot modules (WAM 25/04/2024)
Abu Dhabi Investment Office, GCAA, Abu Dhabi Mobility unveil UAE’s first operational vertiport (WAM 25/04/2024)
Abdullah bin Zayed receives UN Deputy Secretary-General (WAM 25/04/2024)
Joby partners with Abu Dhabi to establish electric air taxi ecosystem (WAM 25/04/2024)
ADFD highlights UAE’s extensive experience in sustainable development, humanitarian work at AVPN Global Conference 2024 (WAM 25/04/2024)
ADIO accelerates commercial air taxi operations across UAE (WAM 25/04/2024)
Abu Dhabi advances future of coastal transportation with REGENT (WAM 25/04/2024)
UAE participates in ICAO Seminar on Green Airports (WAM 25/04/2024)
Dubai Restaurant Week begins (WAM 25/04/2024)
UAE is expected to add 6.34GW to its power capacity from green projects between 2024 and 2030: Energy Industries Council (WAM 25/04/2024)
Dubai to host 31st Annual Middle East Petroleum and Gas Conference 20-22 May (WAM 25/04/2024)
Arabian Travel Market to kick off on May 6 in Dubai (WAM 25/04/2024)
UAE participates in World Energy Congress (WAM 25/04/2024)
GCAA grants operational approval for UAE's first vertiport (WAM 25/04/2024)
Cybersecurity capabilities, global state of scams explored on second day of GISEC Global 2024 in Dubai (WAM 25/04/2024)
'We are working towards revamping legal programmes in UAE universities to align with governmental targets,' Minister of Education (WAM 25/04/2024)
Archer and ADIO to Accelerate Commercial Air Taxi Operations Across UAE (Abu Dhabi Media Office 25/04/2024)
Soon, travel from Abu Dhabi to Dubai in just 30 minutes by flying taxis (Khaleej Times 25/04/2024)
UAE economy set to expand at ‘fastest clip’ in GCC (Khaleej Times 25/04/2024)
UAE aims to roll out 6G before 2030, allowing people to transmit human senses (Khaleej Times 25/04/2024)
UAE real estate: Commercial property demand high as sector thrives (Arabian Business 25/04/2024)
Dubai’s Roasters to embark on massive UAE, Middle East specialty coffee expansion (Arabian Business 25/04/2024)
Formula 1 Etihad Airways Abu Dhabi Grand Prix 2023 saw a record-breaking attendance of 170,000 fans (WAM 24/04/2024)
DIHAD 2024: Humanitarian leaders spotlight on gender equality, youth empowerment, global health advocacy (WAM 24/04/2024)
Dubai all set to host IFCC World Lab 2024 on May 26-30 (WAM 24/04/2024)
Second Gulf Metrology Forum discusses role of metrology in enhancing industrial capabilities, supporting sustainability, innovation (WAM 24/04/2024)
Dubai FinTech Summit to take place on 6 May (WAM 24/04/2024)
Nahyan bin Mubarak opens first Cleveland Clinic Global Summit on Innovations in Cancer Care (WAM 24/04/2024)
Khalifa University ranks first in UAE in top 1% research journal publications (WAM 24/04/2024)
Tadweer Group, TOMRA sign MoU to develop and implement bottle returns programme in Abu Dhabi (WAM 24/04/2024)
Victor jet charter platform moves headquarters to Abu Dhabi (WAM 24/04/2024)
Ministry of Economy organises ‘National Forum for SMEs - Government Procurement’ (WAM 24/04/2024)
Etihad Airways to begin operational flights to Paris from 1 November (WAM 24/04/2024)
TDRA unveils UAE’s 6G roadmap (WAM 24/04/2024)
‘Reaching the Last Mile’ announces AED55m commitment to Global Institute for Disease Elimination (WAM 24/04/2024)
UAE: More than 83 million cyber threats detected, blocked (Khaleej Times 24/04/2024)
Education, aviation, healthcare most vulnerable to cyberattacks (Khaleej Times 24/04/2024)
350 millionaires move from Africa to Emirates every year (Khaleej Times 24/04/2024)
UAE entrepreneurs have ‘confidence’ in use AI for business, says new report (Arabian Business 24/04/2024)
Ahmed bin Mohammed meets with leaders, representatives of global brands on sidelines of 4th edition of The Retail Summit (WAM 23/04/2024)
MBRHE to launch 'DecoBuild 2024' on May 16 (WAM 23/04/2024)
Core International Holdings commits AED5b to transform UAE's key sectors (WAM 23/04/2024)
22nd Arab Media Forum to be held from 27 to 29 May (WAM 23/04/2024)
Etihad launches 'Airbus A380' to New York (WAM 23/04/2024)
GCC economies to forge ahead despite geopolitical risks (The National 23/04/2024)
UAE investment in space sector nearly doubles to Dh40bn since 2015 (The National 23/04/2024)
Online fraud has increased for 42% of UAE organisations year-on-year (Khaleej Times 23/04/2024)
UAE insurance rates could surge following rain and severe weather (Arabian Business 23/04/2024)
Core International to invest $1.4b in UAE (Arabian Business 23/04/2024)
Yango enters Dubai car rental market with new digital platform of 3,500 cars (Arabian Business 23/04/2024)
UAE cyberattacks cost retail sector AED11m loss, says new report (Arabian Business 23/04/2024)
G42 selects Qualcomm to boost AI inference performance (WAM 22/04/2024)
RTA develops 360 maritime services via e-link to Dubai Maritime Authority (WAM 22/04/2024)
Du open to adding crypto and investment tools to its new FinTech service (The National 22/04/2024)
UAE FINANCIAL NEWS
Can AI replace your tax specialist? Probably not (The National 29/04/2024)
How Direct Debit start-up is consigning cheques to the past (The National 29/04/2024)
EasyLease achieves remarkable financial growth in Q1 2024 (WAM 27/04/2024)
RAKBANK announces record $156m Q1 profit (Arabian Business 26/04/2024)
WEE Marketplace secures $10m funding from Dubai firm (Arabian Business 26/04/2024)
United Arab Bank reports net profit of AED68m for Q1/24 (WAM 26/04/2024)
ADCB logs 26% net profit growth in Q1 2024 (WAM 25/04/2024)
Emirates NBD’s Q1 2024 profit surges 67% to AED6.7b (WAM 25/04/2024)
Emirates Islamic reports record Q1 2024 profit of AED811m (WAM 25/04/2024)
Department of Finance announces Abu Dhabi issuance of US$5b Bonds
CBUAE enhances SupTech initiative as part of its Financial Infrastructure Transformation Programme (WAM 25/04/2024)
ADIB delivers AED1.45b net profit in Q1 2024 (WAM 24/04/2024)
BHM Capital receives Dubai Financial Market’s approval to implement price stabilisation mechanism (WAM 24/04/2024)
Commercial Bank of Dubai registers net profit of AED701m in Q1 2024 (WAM 24/04/2024)
Astana International Exchange joins ADX's Tabadul Hub (WAM 24/04/2024)
Al Etihad Payments launches Open Finance to strengthen UAE's financial services sector (WAM 23/04/2024)
COP28 Presidency delegation advances climate finance agenda at World Bank-IMF Spring Meetings (WAM 23/04/2024)
ADQ, Oman Investment Authority launch $180m technology-focused fund to bolster digital economy (WAM 23/04/2024)
Spinneys announces offer price range between AED1.42 and 1.53 per share (WAM 23/04/2024)
Banks, finance companies may defer personal and car loans installments for six months to overcome repercussions of weather condition: CBUAE (WAM 22/04/2024)
UAE MERGERS AND ACQUISITIONS NEWS
Merger with Bayanat, establishment of AED15b Space42 to serve as transitional shift: Yahsat Group CEO (WAM 26/04/2024)
Bayanat, Yahsat shareholders approve merger to create SPACE42 (WAM 26/04/2024)
Response Plus Medical completes acquisition of UK's ‘Prometheus Medical’ (WAM 26/04/2024)
ADQ acquires stake in Plenary Group to accelerate growth of global public infrastructure (WAM 24/04/2024)
UAE BILATERAL TRADE NEWS
UAE, Ukraine conclude terms of Comprehensive Economic Partnership Agreement (WAM 29/04/2024)
UAE, Kuwait trade ministers affirm importance of 'Companies Investment Meet' in accelerating trade growth (WAM 28/04/2024)
Bin Touq, Estonian counterpart explore potential avenues for expanding cooperation (WAM 28/04/2024)
Bank of Sharjah acts as Joint Lead Manager, Bookrunner in $300 million sukuk for Kuwait International Bank (WAM 28/04/2024)
UAE-India trade on track to surpass $100b by 2023 (Khaleej Times 28/04/2024)
Thani Al Zeyoudi holds talks with Estonia’s Minister of Economic Affairs and ICT to strengthen bilateral trade ties (WAM 27/04/2024)
Dubai Health, UMass Chan Medical School sign MoU (WAM 26/04/2024)
Abu Dhabi's Rotana group exploring franchise deals in Pakistan and Africa (The National 26/04/2024)
UAE to cancel 6 years of traffic fines of Oman citizens (Arabian Business 26/04/2024)
UAE, Austria discuss strategic partnership developments, boosting cooperation (WAM 25/04/2024)
UAE, Costa Rican Presidents discuss bilateral cooperation as part of Comprehensive Economic Partnership Agreement in phone call (WAM 25/04/2024)
Abu Dhabi Chamber strengthens trade, investment ties with Chile (WAM 25/04/2024)
Assistant Minister of Foreign Affairs for Energy and Sustainability Affairs leads UAE delegation in a visit to Norway (WAM 25/04/2024)
UAE, Indonesia partner to reduce waste leakage into oceans and rivers (WAM 25/04/2024)
GAS, Indonesia’s Ministry of Youth and Sports sign MoU (WAM 25/04/2024)
Russian Export Centre concludes multi-sectoral business mission in Dubai (WAM 25/04/2024)
Adviser to Uzbek President commends UAE's pivotal humanitarian role worldwide (WAM 25/04/2024)
UAE government enhances Uzbek government cadres' human resources capabilities (WAM 25/04/2024)
UAE and Chile successfully conclude CEPA negotiations (WAM 25/04/2024)
UAE, Kenya sign investment MoU to develop mining, technology sectors (WAM 24/04/2024)
ADQ establishes framework agreement worth up to $500m to invest in priority sectors of Kenya’s economy (WAM 24/04/2024)
UAE Accountability Authority partners with Morocco Court of Accounts to consolidate supreme public finances auditing (WAM 24/04/2024)
Russian companies consider UAE as best place for business development, expansion (WAM 24/04/2024)
Zayed Foundation signs agreement to establish centre for people of determination in Kazakhstan
UAE, Ecuador announce intent to commence CEPA negotiations (WAM 24/04/2024)
Abdullah bin Zayed, Pakistani counterpart discuss cooperation ties, strategic partnership (WAM 23/04/2024)
UAE President, Chancellor of Austria discuss bilateral ties (WAM 23/04/2024)
Mohammed bin Rashid meets with Sultan of Oman, explores new opportunities to strengthen bilateral relations (WAM 23/04/2024)
Emirati companies aim to establish impactful projects in Oman: Chairman of UAE Chambers (WAM 23/04/2024)
UAE-Oman railway project contributes to reducing carbon emissions (WAM 23/04/2024)
Hafeet Rail aligns with Gulf Railway project, supports GCC vision: Suhail Al Mazrouei (WAM 23/04/2024)
UAE-Oman railway project has entered implementation phase: CEO of Hafeet Rail (WAM 23/04/2024)
UAE, Oman establish investment partnerships worth AED129b to deepen multi-sectoral cooperation (WAM 23/04/2024)
UAE-Oman Business Forum strengthens bilateral ties and economic growth (WAM 23/04/2024)
AD Ports Group signs agreement to operate, upgrade Luanda multipurpose port terminal in Angola (WAM 23/04/2024)
Zayed Sustainability Prize’s Beyond2020 Initiative deploys life-saving digital mammograms in Costa Rica (WAM 23/04/2024)
UAE shares successful government modernisation experiences with Rwanda (WAM 23/04/2024)
UAE, Iraq, Türkiye, Qatar sign MoU on 'Development Road Project' (WAM 22/04/2024)
Qatar’s Minister of Labour reviews historic achievements of Emiratisation in UAE private sector through Nafis programme (WAM 22/04/2024)
(WAM 22/04/2024)
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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
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