UAE Weekly Business News 31/05/21
Welcome to Gateway's 38th weekly roundup of business headlines in the UAE. This resource aims to help you quickly and conveniently keep in touch with business in Abu Dhabi and Dubai.
Links to articles are in purple. In some instances where the publisher and date is mentioned without a link, it means it was seen in the paper version of the title and no online link was found.
UAE trade licence-related headlines
Ministry of Economy issues 8 violations of AED1.35 million against gold trading businesses (WAM 23/05/2021)
Dubai Economy issues 15,475 new licenses during Q1 2021 (WAM 24/05/2021)
Abdullah bin Zayed, Canadian counterpart discuss bilateral relations (WAM 27/05/2021)
UAE bilateral trade-related headlines
Regional COVID-19 vaccination site for Chinese nationals launched in Dubai (WAM 23/05/2021)
Strengthening economic ties with the UAE is a top priority: Pakistan (Khaleej Times 24/05/2021)
Abdullah bin Zayed, Canadian counterpart discuss bilateral relations (WAM 27/05/2021)
Philippines wants close cooperation with UAE to achieve food security (WAM 31/05/2021)
UAE economy-related headlines
Etihad Credit Insurance backs UAE companies with about Dh2.3bn in credit guarantees (The National 23/05/2021)
Dubai SME extends AED192m worth of incentives in 2020 (Khaleej Times 23/05/2021)
UAE e-commerce sector emerges as the fastest-growing economic segment in the Middle East (WAM 24/05/2021)
DMCC launches Crypto Centre to champion cryptographic and blockchain technologies in Dubai (WAM 24/05/2021)
ADNOC to build world-scale blue ammonia project (WAM 24/05/2021)
Dubai registers AED92 billion worth of real estate transactions from January - April 2021 (WAM 24/05/2021)
Dubai wins praise for efforts to revive aviation industry (WAM 25/05/2021)
ADNOC enables UAE industry through long-term, reliable natural gas supply (WAM 25/05/2021)
ADNOC awards $744 million contract for full field development of Belbazem Offshore Block (WAM 25/05/2021)
UAE Ministry of Economy approves action plan to identify beneficial owners of 400,000 companies (The National 25/05/2021)
Abu Dhabi's Kizad to develop $1bn green ammonia plant (The National 25/05/2021)
Middle East hotel occupancy rates during Ramadan close to 2019 levels (The National 25/05/2021)
ADGM Office of Data Protection signs MoU with Jersey Data Protection Authority (WAM 26/05/2021)
April 2021 had 4,832 transactions worth AED 10.98 billion: DLD (WAM 26/05/2021)
UAE’s credit profile reflects the country’s fiscal and economic strength, Moody's (The National 26/05/2021)
UAE residents willing to adopt augmented reality for retail shopping (Khaleej Times 26/05/2021)
Technology driving engagement in UAE’s sports sector (Khaleej Times 27/05/2021)
Dubai Economy fines 49 restaurants and cafes for allowing dine-in beyond permitted hours (WAM 28/05/2021)
Dubai Economy finds 26 violations of COVID-19 guidelines (WAM 29/05/2021)
FTA to amend administrative penalties for tax law violations (WAM 29/05/2021)
UAE banks witness sharp decline in branches (Gulf News 29/05/2021)
Courier industry pins hopes on digital transformation (Khaleej Times 29/05/2021)
Dubai supports nation’s industries, promotes their exports in global markets (WAM 30/05/2021)
Dubai Economy issues 56 fines for violations of COVID-19 precautionary guidelines (WAM 30/05/2021)
Dubai Industries & Exports given mandate to create hub for industries of the future (The National 30/05/2021)
Abu Dhabi employers encouraged to be more family friendly (The National 30/05/2021)
100% ownership era dawns (Khaleej Times 30/05/2021)
Top 3 industries hiring fresh graduates in UAE (Khaleej Times 30/05/2021)
Dubai Economy issues 31 fines for violations of COVID-19 guidelines (WAM 31/05/2021)
UAE's Ministry of Economy launches campaign for companies to comply with 'ultimate beneficiary' rules (The National 31/05/2021)
UK's red-listing of UAE lays deep dent on private jets (Gulf News 31/05/2021)
COVID: How Dubai's venues can host mega-events safely (Gulf News 31/05/2021)
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Written by Jenny Hunt, Founding Partner & Strategic Advisor to the Gateway Group of Companies, Abu Dhabi & Dubai UAE
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