UAE Weekly Business News 30/09/2024
Welcome to Gateway Group's weekly collation of trade and investment headlines shaping the Abu Dhabi and Dubai economies.
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 laws, conveniently in one place.
How to use this resource
Scan the headlines and click the ones you want to read in full.
Every Monday
UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically. It's FREE.
UAE Weekly Business News: Issue 208 published 30 September 2024.
UAE FREE ZONE NEWS
DMCC grows to over 500 Italian companies in 2024 as it concludes latest roadshow in Rome and Milan (Government of Dubai Media Office 30/09/2024)
DIFC: Capricorn launches platform to host fund managers in Dubai (Arabian Business 27/09/2024)
DMCC to host world's first ‘Dubai Diamond Week’ (WAM 26/09/2024)
DMCC signs strategic partnership with Palestine Islamic Bank (WAM 25/09/2024)
Investec extends footprint with Dubai International Financial Centre office launch (Government of Dubai Media Office 25/09/2024)
Santander opens private banking office in DIFC as it targets share of $8t private wealth in region (Arabian Business 24/09/2024)
UAE VISA NEWS (inc. employment, Emiratisation, human resources, training and women)
Pakistanis on visit visa asked to buy return tickets from same airline (Khaleej Times 30/09/2024)
UAE visa amnesty: 3 revised rules to ease process for illegal residents (Khaleej Times 29/09/2024)
Indians warned of scam calls asking money to resolve immigration issues (Khaleej Times 28/09/2024)
Hotpack Global to offer 200 job placements to amnesty seekers (Khaleej Times 27/09/2024)
Informa Connect Academy announces global partnership with Center for Leadership Studies (Arabian Business 2024)
UAE workers seek jobs in Saudi Arabia amid $3t investment boom (Arabian Business 27/09/2024)
Ru'ya Careers UAE 2024 concludes with record job offers (WAM 26/09/2024)
Decision to waive health insurance fines reflects integration in government work: ICP (WAM 26/09/2024)
‘Abu Dhabi Declaration on Work and Employment for People of Determination' announced (WAM 25/09/2024)
ZHO signs cooperation agreement with Ittihad International Investment for training, employment (WAM 25/09/2024)
Passport validity period to be one month instead of 6 months to enable violators to amend their status: ICP (WAM 24/09/2024)
UAE extends 14-day exit pass validity for visa amnesty-seekers (Khaleej Times 24/09/2024)
UAE: How to check your labour card details online, get physical copy (Khaleej Times 24/09/2024)
UAE visa amnesty: Minimum passport validity reduced to 1 month (Khaleej Times 24/09/2024)
UAE BUSINESS NEWS
Maqta Gateway, Presight partner to enhance trade, logistics sectors with AI-Powered Solutions (WAM 30/09/2024)
ADNOC Drilling signs Turnwell Agreements, accelerates initial $1.7b 'unconventionals' campaign (WAM 30/09/2024)
UAE's October calendar to feature major international events across various sectors (WAM 30/09/2024)
UAE President designates 28 February as Emirati Day for Education (WAM 30/09/2024)
AIM Congress 2025 to refine global finance industry (WAM 30/09/2024)
Emirates’ commercial leadership lays out strategic vision for the ‘next era’ (Government of Dubai Media Office 30/09/2024)
Dubai airport passenger traffic set to reach record 93 million by end of 2024 (Khaleej Times 30/09/2024)
New technologies set to disrupt UAE insurance sector (Khaleej Times 30/09/2024)
UAE: New platform launched to provide real-time data on firms (Khaleej Times 30/09/2024)
Dubai real estate sector recorded MASSIVE $5.2b of transactions last week (Arabian Business 30/09/2024)
Global speakers from 30+ countries to headline inaugural Data & Community Development Forum (WAM 29/09/2024)
Nearly 40,000 new off-plan units likely to be launched in Dubai in last 4 months of 2024 (Khaleej Times 29/09/2024)
Dubai property market needs up to 20% extra supply to control rising rents (Khaleej Times 29/09/2024)
Esports in UAE: Promising industry with global aspirations (WAM 28/09/2024)
Emirati Tech Founder Programme launched (WAM 28/09/2024)
WETEX 2024 a leading platform to discuss enhancing sustainability in oil and gas sector (WAM 27/09/2024)
EDB to champion sustainable food security solutions at Gulfood Green & Agrotech 2024 (WAM 27/09/2024)
UAE values regional, international partnerships in driving energy sector transformation (WAM 27/09/2024)
Global surfaces and Jafza unveil new AED100m manufacturing facility for engineered surfaces (Government of Dubai Media Office 27/09/2024)
UAE insurance sector growing with premiums up 31% to $9.72b in H1 (Arabian Business 27/09/2024)
Abu Dhabi tourism: Aldar and IHG announce major deal to transform 6 Yas Island hotels into single luxury resort with beach access (Arabian Business 27/09/2024)
UAE construction sector thrives as airport expansion and hospitality projects drive demand despite 5% increase to costs (Arabian Business 27/09/2024)
Mohammed bin Rashid meets with Group Chairman of HSBC Holdings, local dignitaries, businessmen, investors (WAM 26/09/2024)
Al Seer Marine expands fleet with delivery of two new MR tankers (WAM 26/09/2024)
UAE launches expanded $2M Global FoodTech Challenge (WAM 26/09/2024)
UAE joins High Level Panel for a Sustainable Ocean Economy (WAM 26/09/2024)
Dubai Maritime City boosts ship handling capacity to 1,000 vessels (WAM 26/09/2024)
Digital Dubai announces Dubai Data, AI Platform to usher in new phase of digital transformation (WAM 26/09/2024)
62nd Annual International Association of Women Police Training Conference to take place in Abu Dhabi (WAM 26/09/2024)
UAE holds 30% of Middle Eastern cinema market share (WAM 26/09/2024)
SCFEA Grants New Oil and Gas Exploration Concession for Onshore Block 2 in Abu Dhabi to Malaysia's PETRONAS (Abu Dhabi Media Office 26/09/2024)
Dubai’s Vara strengthens marketing regulations (Khaleej Times 26/09/2024)
Shoppers buy more lightweight gold jewellery amidst record-high prices (Khaleej Times 26/09/2024)
Dubai’s office rents climb 22.4% in H1 (Khaleej Times 26/09/2024)
UAE robot taxis: WeRide and Uber to launch autonomous car rides to Abu Dhabi this year (Khaleej Times 26/09/2024)
India, UAE businesses cash in on major demand for Abu Dhabi mega-events IIFA, Grand Prix, Coldplay concert (Khaleej Times 26/09/2024) UAE real estate market value to reach $681b by end of 2024 (Khaleej Times 26/09/2024)
Abu Dhabi sees highest rent increase in more than 10 years: Report (Khaleej Times 26/09/2024)
Dubai opens 2,700 new hotel rooms, eyes further 10,000 by end of 2025 (Khaleej Times 26/09/2024)
UAE airlines extend cancellation of Beirut flights (Khaleej Times 26/09/2024)
“Invest in the Emirates” campaign expands global reach with high-impact outdoor campaign across major cities worldwide (WAM 25/09/2024)
DoH enables healthcare providers to personalise treatment options (WAM 25/09/2024)
Tawdheef x Zaheb 2024 will be held in November (WAM 25/09/2024)
UAE airports see 14.2% passenger traffic surge in H1 (WAM 25/09/2024)
UAE 1st globally in Network Readiness Index according to UN E-Government Survey 2024 (WAM 25/09/2024)
EtihadWE, Khalifa University partner to advance water quality (WAM 25/09/2024)
MoIAT, DFF partner to build capacity, strengthen leadership, innovation in UAE industrial sector (WAM 25/09/2024)
WETEX 2024 showcases latest technologies to increase efficiency of energy production, transmission, distribution (WAM 25/09/2024)
Fourth edition of Dubai PodFest to discuss growth outlook for the region’s podcasting industry (Government of Dubai Media Office 25/09/2024)
Microsoft expands its Global Engineering Development Center’s footprint to the UAE’s capital, Abu Dhabi (Abu Dhabi Media Office 25/09/204)
Department of Health – Abu Dhabi empowering healthcare providers to advance personalised treatment utilising pharmacogenomic reports (Abu Dhabi Media Office 25/09/204)
UAE crypto market grows 42% year-on-year (Khaleej Times 25/09/2024)
Abu Dhabi: Aldar to investment AED1.5b in expanding hospitality portfolio (Khaleej Times 25/09/2024)
Dubai: How digitalisation is attracting overseas property buyers (Khaleej Times 25/09/2024) Global heavyweights in real estate sector eye expansion into UAE, GCC amid talk of next round of market boom (Khaleej Times 25/09/2024)
Etihad 'working hard' to be IPO-ready if shareholder decides to list, says CEO (Khaleej Times 25/09/2024)
Khaled bin Mohamed bin Zayed meets Group Chairman of HSBC Holdings (WAM 24/09/2024)
EAD, International Centre for Biosaline Agriculture partner to foster sustainable management of environmental resources (WAM 24/09/2024)
AIM Congress 2025 highlights latest trends in FDI and global trade (WAM 24/09/2024)
Global Rail begins 8 October (WAM 24/09/2024)
Abu Dhabi Agriculture and Food Safety Authority organises international symposium on Supporting the Development of Camel Milk Sector (Abu Dhabi Media Office 24/09/204)
Silal and International Center for Biosaline Agriculture launch UAE’s first quinoa trials through ADQ-backed research and development fund (Abu Dhabi Media Office 24/09/204)
Best restaurants in Dubai announced in 2024 Tripadvisor awards (Arabian Business 24/09
UAE’s Burjeel to collaborate with Axiom Space for research in space (Arabian Business 24/09/2024)
UAE FINANCIAL NEWS
UAE leads Arab world in banking sector assets with 24.3% share (WAM 30/09/2024)
Magnati, RAKBANK collaborate to launch merchant financing platform (WAM 30/09/2024)
UAE's ADNH to offer 40% of its catering business in IPO (Khaleej Times 30/09/2024)
Podeo raises $5.4 million to support podcast discoverability, monetisation (Arabian Business 30/09/2024)
UAE corporate tax brings unexpected benefits to family businesses (Arabian Business 30/09/2024)
FTA issues decision postponing deadlines for corporate tax return filing, payment for specific tax periods (WAM 29/09/2024)
UAE continues drive to combat money laundering, terrorism financing (WAM 29/09/2024)
UAE climbs global rankings in fight against financial crime (Arabian Business 29/09/2024)
UAE Corporate Tax: FTA extends deadline to December 2024 (Arabian Business 29/09/2024)
CBUAE reviews latest developments in exchange businesses (WAM 27/09/2024)
AED1.1b Islamic Treasury Sukuk issued for September 2024 (WAM 26/09/2024)
UAE banking sector showcases resilience with strong capital buffers, favourable liquidity conditions: CBUAE (WAM 26/09/2024)
ADX welcomes listing of Chimera S&P Germany UCITS ETF (WAM 26/09/2024)
UAE, Saudi Arabia sees high interest in DeFi, crypto activity driven by youth (Arabian Business 26/09/2024)
Mining Grid to host inaugural crypto and blockchain event in Dubai (Arabian Business 25/0
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest (Arabian Business 25/09/2025)
Emirates Development Bank underlines commitment to financing national development, SME growth (WAM 24/09/2024)
UAE authorities give companies one week to submit paperwork or face fines (Arabian Business 24/09
UAE seizes $639m of assets for money-laundering violations (Arabian Business 24/09/2025)
Dubai Financial Market announces completion of periodic review of its general, Islamic indexes (WAM 23/09/2024)
UAE M&A NEWS
e& gets EC go-ahead in its $2.4b acquisition of PPF Telecom (Arabian Business 26/09/2024)
Mashreq sells majority stake in NEOPAY for $385m (Arabian Business 25/09/2024)
Masdar to acquire ‘Saeta’ from Brookfield for $1.4b (WAM 24/09/2024)
MAGRABi, Rivoli Vision set to merge to create Middle East eyewear giant (Arabian Business 25/09/2024)
UAE BILATERAL TRADE NEW
Thani Al Zeyoudi, Solomon Islands PM inaugurate embassy in Abu Dhabi (WAM 30/09/2024)
Abu Dhabi Crown Prince to begin official visit to Qatar tomorrow (WAM 30/09/2024)
UAE participates in meeting of GCC Electricity and Water Cooperation Committee in Qatar (WAM 30/09/2024)
Hamdan bin Mohammed meets with Prime Minister of Uzbekistan (WAM 29/09/2024)
UAE to invest $30m to support Ghana’s biodiversity, climate goals (WAM 29/09/2024)
Abdullah bin Zayed meets President of Maldives (WAM 28/09/2024)
Abdullah bin Zayed meets Kosovo's Prime Minister (WAM 28/09/2024)
Hamdan bin Mohammed attends UAE-Uzbekistan Government Knowledge Exchange Retreat in Tashkent (WAM 28/09/2024)
UAE President meets with former US President Donald Trump (WAM 27/09/2024)
UAE reaffirms commitment to green infrastructure, private capital mobilisation at AIIB Board of Governors’ meeting (WAM 27/09/2024)
1st Arabic Cultural Institute in Milan surpasses expectations (WAM 27/09/2024)
President of Uzbekistan meets with Hamdan bin Mohammed in Tashkent (WAM 27/09/2024)
Hamdan bin Mohammed witnesses signing of UAE-Uzbekistan agreements, MoUs in Tashkent (WAM 27/09/2024)
Hamdan bin Mohammed meets with Deputy Prime Minister of Uzbekistan (WAM 27/09/2024)
Symbiosis International University opens first overseas campus in Dubai (Arabian Business 27/09/2024)
Bayanat, Vay announce partnership to expand teledriving solutions in the Middle East, Africa and Asia Pacific (WAM 26/09/2024)
UAE, US governments announce agreement to begin formal process for UAE inclusion in Global Entry Programme (WAM 26/09/2024)
UAE President and US Secretary of Commerce discuss importance of technology investment (WAM 25/09/2024)
Abu Dhabi Stem Cells Centre pioneers UAE-US collaborations in innovative care, stem cell research (WAM 25/09/2024)
UAE President and US Senators discuss bilateral relations (WAM 25/09/2024)
UAE, US review progress of $20b ship-to-rail corridor project (Khaleej Times 25/09/2024)
Etihad Cargo celebrates 20 years of successful operations in India (WAM 24/09/2024)
UAE President receives Bahraini Crown Prince (WAM 24/09/2024)
UAE President welcomes framework promoting AI cooperation with US (WAM 24/09/2024)
UAE President reviews strategic relations in meetings with US officials Antony Blinken and Jake Sullivan (WAM 24/09/2024)
Russia's Sverdlovsk region strengthens cooperation with UAE at World Rehabilitation Congress 2024 (WAM 24/09/2024)
UAE President reaffirms ‘unwavering commitment’ to US partnership during talks with President Biden (WAM 23/09/2024)
If you found this blog post informative and helpful, please show your support by clicking the ❤️ at the bottom of the page. Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi and Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
