Jenny Hunt
UAE Weekly Business News 30/10/23
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UAE Weekly Business News, Issue 160. 30 October 2023.
UAE free zones news
Hamriyah Freezone Authority, Amazon UAE sign Lease Agreement for new logistics centre (WAM 29/10/2023)
Fostering transparency through the DFSA’s public register (Arabian Business 27/10/2023)
ACX announces key trades on World’s First Regulated Carbon Exchange and Clearing House in ADGM (WAM 25/10/2023)
DGCX launches GCC’s first Shari’ah Compliant Silver Spot Contract (WAM 24/10/2023)
KEZAD Group signs expansion agreement with GPP Abu Dhabi (WAM 24/10/2023)
UAE’s Artificial Intelligence Office partners with ADGMA to empower 5,000 national talents in digital fields (WAM 23/10/2023)
UAE employment, visa and Emiratisation news
Industrialist Career Fair concludes with over 3,000 immediate-hire interviews for Emirati talent across UAE (WAM 27/10/2023)
ETHRAA programme enables 1,100 to secure jobs in 9 months (WAM 26/10/2023)
UAE jobs: Bosses expect to increase headcount within 2 years, 89% forecast revenue growth (Arabian Business 25/10/2023)
Emirates invites UAE nationals to join Aircraft Maintenance Engineer Licence Scholarship Programme (WAM 24/10/2023)
GCC unified tourist visa to be introduced between 2024 and 2025 (WAM 23/10/2023)
UAE business and trade news
DEWA taps power of sustainability to keep up with surging demand projections for utility services (WAM 29/10/2023)
Dubai to host 2024 World Cities Culture Summit (WAM 29/10/2023)
Eurowings expects strong demand for new Dubai routes (The National 29/10/2023)
Dubai is one of the best destinations for a ‘workation,’ says new study (Arabian Business 28/10/2023)
Dubai will host Beautyworld Middle East 2023 (WAM 27/10/2023)
Dubai records AED23.38b in weekly real estate transactions (WAM 27/10/2023)
Abu Dhabi International Airport posts 29.3% increase in passenger traffic in Q3-23 (WAM 27/10/2023)
dnata partners with Virgin Atlantic to support Dubai return this October (WAM 27/10/2023)
Dubai International Content Market to host over 80 exhibitors from 16 countries (WAM 27/10/2023)
Emirati doctor becomes first Arab woman to be elected President of International Hospital Federation (WAM 27/10/2023)
30th Jewellery & Watch Show Abu Dhabi to feature over 200 leading brands and designers (WAM 27/10/2023)
Abu Dhabi closes two healthcare centres over series of breaches (The National 27/10/2023)
My Perfumes eyes expansion as global demand for perfumes from UAE soars (Khaleej Times 27/10/2023)
How UAE’s smart airports meet global travellers’ rising demand for high-tech services (Khaleej Times 27/10/2023)
UAE and Saudi Arabia’s technology sectors mature as investors gear up for exits, experts say (Arabian Business 27/10/2023)
RTA completes maintenance of 68,000 traffic and directional signs in Dubai (WAM 26/10/2023)
Cleveland Clinic Abu Dhabi conducts UAE’s first robot-assisted kidney transplants (WAM 26/10/2023)
Integrated Transport Centre: a Sustainable transport system enhances quality of life (WAM 26/10/2023)
DP World, APM Terminals spearhead roadmap for accelerating electrification of port operations (WAM 26/10/2023)
Tadweer, Abu Dhabi Airports partner to explore progressive waste management practices (WAM 26/10/2023)
Abu Dhabi Airports launch 'Check Your Terminal' campaign (WAM 26/10/2023)
Etihad launches daily flight to Nairobi starting May 2024 (WAM 26/10/2023)
Net Zero Nuclear announces Urenco as new corporate partner (WAM 26/10/2023)
Dubai among top 25 global cities for third consecutive year (WAM 26/10/2023)
UAE residential market strong in third quarter, report says (The National 26/10/2023)
Abu Dhabi Airport's new terminal: All airlines to operate from Terminal A starting Nov 15 (Khaleej Times 26/10/2023)
Abu Dhabi Airport guide: How to get to Terminal A, opening date, airline information, taxis, shuttle buses, dining, hotel and more (Arabian Business 26/10/2023)
Dubai Metro expansion: RTA plans new 30km, multi-billion dollar Blue Line (Arabian Business 26/10/2023)
12th Specialty Food Festival to consolidate Dubai as gastronomic hub (WAM 25/10/2023)
Thuraya, nybl partner to redefine satellite communications with AI (WAM 25/10/2023)
Dubai Municipality initiates testing of a self-driving electric vehicle to clean up bicycle trails on Dubai's beaches (WAM 25/10/2023)
EAD enhances sustainability by deploying renewable energy (WAM 25/10/2023)
National Guard Command, Tasneef sign MoU in maritime classification, technical consultations, training (WAM 25/10/2023)
Environment Agency – Abu Dhabi partners with TotalEnergies to deploy PV panels at Plant Genetic Resource Centre (Abu Dhabi Media Office 25/10/2023)
Dubai starts using AI to monitor taxis, buses and delivery riders (The National 25/10/2023)
Revenue from Dubai-Riyadh air route soars higher (The National 25/10/2023)
Malaffi and Riayati integration expands access to patient records across UAE (Arabian Business 25/10/2023)
India’s Himalaya Wellness to open $54.4m herbal pharmaceutical factory in Dubai (Arabian Business 25/10/2023)
UAE services exports set to reach new heights, driven by strong growth in key sectors (WAM 24/10/2023)
Dubai International Chamber arranges 350+ B2B meetings for Dubai F&B companies during Anuga (WAM 24/10/2023)
AD Ports Group all set to host IAPH World Ports Conference 2023 (WAM 24/10/2023)
EDGE launches cybersecurity solution to enhance regulatory and compliance management (WAM 24/10/2023)
Al Seer Marine, L3Harris renew strategic partnership (WAM 24/10/2023)
PureHealth launches healthcare cloud providing digital health (WAM 24/10/2023)
Gordonstoun school coming to Abu Dhabi (The National 24/10/2023)
TDRA unveils ‘GovSign’ initiative (WAM 23/10/2023)
RTA grants Sky Blue Media advertising rights on public bus fleet, facilities for 5 years (WAM 23/10/2023)
Dubai private-school sector records highest-ever enrolement in 2023-24 academic year (WAM 23/10/2023)
Dubai to host Arab Health 2024 (Arabian Business 23/10/2023)
UAE financial news
Borouge reports 22% Q3 2023 net profit increase (WAM 30/10/2023)
Liquidity Group helps provide $300m to UAE start-ups to address funding gap (The National 28/10/2023)
Mubadala issues its first-ever $750m Green Bond, recording 9.1x over subscription (WAM 27/10/2023)
Emirati and Saudi stock exchanges surpass Arab peers with $167b in gains (WAM 27/10/2023)
Maktoum bin Mohammed meets with World Bank Group President (WAM 26/10/2023)
Mashreq’s net profit surges 122% to AED5.8b in the first 9 months of 2023 (WAM 26/10/2023)
Ghitha Holding reports AED124m in Q3 2023 profits (WAM 26/10/2023)
UAE President receives World Bank Group President (WAM 26/10/2023)
Emirates NBD’s nine months profit surges 92% to AED17.5b in 2023 (WAM 26/10/2023)
ADCB reports nine-month net profit of AED5.75b (WAM 25/10/2023)
ADIB reports 53% growth in net profit for first nine months of 2023 (WAM 25/10/2023)
CBD reports nine month net profit of AED1,936m (WAM 25/10/2023)
NBF’s nine months net profit surges 122.5% to reach AED513.2m (WAM 25/10/2023)
FTA issues public clarification on implementing reverse charge mechanism on electronic devices (WAM 25/10/2023)
UAEFTS processed AED10.997t in transactions in 8 months (WAM 25/10/2023)
UAE banks' investments exceed AED580b by end of August, reaching an all-time high (WAM 25/10/2023)
Khaled bin Mohamed bin Zayed meets CEO of asset management company BlackRock (WAM 25/10/2023)
Khaled bin Mohamed bin Zayed meets JP Morgan Chase CEO (WAM 25/10/2023)
World Bank and Islamic Development Bank to offer up to $6b in funding for Mena projects (The National 25/10/2023)
UAE corporate tax: Free zone companies warned to pay closer attention to new rules (Arabian Business 25/10/2023)
United Arab Bank reports net profit of AED209m for first nine months of 2023 (WAM 24/10/2023)
Investcorp announces intention to float on ADX (WAM 24/10/2023)
NMDC doubles net profits during 9 months of 2023 to AED1.51b (WAM 24/10/2023)
MoEc, SCA, Economic Security Centre of Dubai to enhance oversight of auditing profession (WAM 24/10/2023)
Invest AD to launch Blackstone Private Debt Fund (WAM 23/10/2023)
Amazon handed UAE payment licence in boost for SMEs (Arabian Business 23/10/2023)
UAE mergers and acquisitions news
Alpha Dhabi acquires significant stake in NTS Amega Global (WAM 25/10/2023)
UAE bilateral trade news
UAE signs Cooperation Agreement with Indonesia to build Cardiology Hospital in Surakarta (WAM 29/10/2023)
Masdar signs clean energy agreements for solar and onshore wind projects in Azerbaijan (Abu Dhabi Media Office 28/10/2023)
Al Zeyoudi discusses new trade deal with Georgian PM, addresses Tbilisi Silk Road Forum (WAM 27/10/2023)
UAE President receives phone call from President of Azerbaijan (WAM 27/10/2023)
UAE President receives UK Defence Secretary (WAM 26/10/2023)
dnata to save further 650 tonnes of carbon per year with innovative cooling technology in Singapore (WAM 25/10/2023)
UAE, Scotland sign MoU to promote bilateral trade, deepen technology, innovation and research collaboration (WAM 25/10/2023)
Dubai showcases its manufacturing capabilities at Anuga food and beverage exhibition (WAM 25/10/2023)
ADDED partners with Jiangsu Provincial Overseas Cooperation and Investment Company (WAM 25/10/2023)
UAE A significant player in renewable energy scene in UK (WAM 25/10/2023)
UAE and Kosovo hold first session of Joint Economic Committee to enhance cooperation in fields of trade, agriculture and energy (WAM 25/10/2023)
TRENDS Research and Advisory releases road map to COP28 (WAM 25/10/2023)
UAE-Zimbabwe trade reaches $2b in 2022 (WAM 24/10/2023)
UAE President receives Foreign Minister of Türkiye (WAM 24/10/2023)
Mohammed bin Rashid meets with King of Bahrain in Abu Dhabi (WAM 24/10/2023)
UAE highlights potential of halal trade at Global Halal Brazil Business Forum (WAM 24/10/2023)
UAE participates in first GCC-China economy and trade ministerial conference to advance joint efforts (WAM 23/10/2023)
Abu Dhabi Fund for Development inaugurates Gudule general hospital in South Sudan (WAM 23/10/2023)
UAE and Canada hold first Joint Committee in Abu Dhabi (WAM 23/10/2023)
Abdullah bin Zayed, FM of Canada discuss bilateral relations (WAM 23/10/2023)
UAE President visits King of Bahrain at his residence in Abu Dhabi (WAM 23/10/2023)
Leading up to COP28 in the UAE
30th November-12th December 2023
COP28 President calls for improved adaptation finance for vulnerable nations at Climate and Development Ministerial (WAM 29/10/2023)
Mariam Almheiri unveils ‘COP First’ as UAE targets Climate Conscious Catering for set-piece climate conference (WAM 29/10/2023)
Meera Al Suwaidi presents Sustainable Development Committee's progress report to IPU’s 147th general assembly (WAM 28/10/2023)
China backs UAE’s COP28 hosting to address global climate change challenges (WAM 27/10/2023)
Business leaders and entrepreneurs convene at ‘Road to COP28’ event in Dubai to address MENA climate action (WAM 27/10/2023)
Four-nation space project involving UAE could aid climate change fight (The National 27/10/2023)
How UAE companies and banks are uniting to accelerate net zero (The National 27/10/2023)
Georgia's Minister of Economy looks forward to discussing environmental agenda at COP28 (WAM 26/10/2023)
Sorbonne University concludes first conference of Pre-COP programme (WAM 26/10/2023)
Scotland’s delegation of leading Net Zero businesses to participate in COP28 (WAM 25/10/2023)
Emirates Global Aluminum an advancing environmental excellence for sustainable future (WAM 25/10/2023)
Tokyo Governor highlights COP28 pivotal role in achieving carbon neutrality (WAM 25/10/2023)
COP28 a significant step towards climate action: Secretary-General of Union for Mediterranean (WAM 25/10/2023)
Retailers rise to climate challenge with 131 businesses signing UAE Climate Responsible Companies (WAM 24/10/2023)
COP28, a landmark in global climate action history (WAM 24/10/2023)
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
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