UAE Weekly News Roundup 01/11/20
1st November 2020
Welcome to Gateway's eighth weekly UAE business news roundup. It is a collation of key business headlines from the last week. A great way to keep in touch with the UAE's business world.
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.
Trade License-related headlines
Central Bank of the UAE fines two exchange houses Dh1.45m for lax compliance (The National 01/11/2020)
ADDED announces issuance of ‘Foreign Direct Investment’ license in Abu Dhabi (WAM 28/10/2020)
UAE bilateral trade relationship headlines
UAE, Spain discuss ways to bolster economic relations (WAM 27/10/2020)
ADNOC CEO seeks opportunities to strengthen UAE-India energy relationship (WAM 27/10/2020)
UAE, Uzbekistan to enhance economic cooperation (WAM 27/10/2020)
Tolerance Minister, Australian Ambassador discuss cooperation relations (WAM 27/10/2020)
India-UAE Food Dialogue explores prospects for boosting UAE-India food security cooperation (WAM 28/10/2020)
Finance Ministry discusses strategic partnerships with Singapore (WAM 28/10/2020)
Mohamed bin Zayed announces UAE's decision to open consulate in Laayoune, Morocco (WAM 28/10/2020)
UAE economy-related headlines
Dubai boosts appeal as global gateway for Latin American coffee (WAM 25/10/2020)
ADQ, Aldar sign MoU to develop and manage government capital projects (WAM 25/10/2020)
New Decree specifies qualification requirements of supervisors employed at Dubai sports clubs (WAM 26/10/2020)
Ma’an Grants Programme to fund, enhance Abu Dhabi social ventures (WAM 26/10/2020)
ADNOC awards $324 million contracts to optimise onshore field operations, enhance efficiencies (WAM 26/10/2020)
AED17.5 bn in credit facilities to non-residents in eight months (WAM 26/10/2020)
DMCC enhances ease of doing business in Dubai with new offer for international companies (WAM 26/10/2020)
DP World reports 3.1% increase in gross volume growth in Q3 2020 (WAM 26/10/2020)
First-time investors make up 70% of Dubai's property deals in 2020 (Gulf News 26/10/2020)
AED80.2 billion of Abu Dhabi's non-oil foreign merchandise trade in first five months of 2020 (WAM 27/10/2020)
UAE’s Eastern Region witnesses unprecedented development over ten years (WAM 27/10/2020)
FCA to officially launch UAE Customs Gateway (WAM 27/10/2020)
Dubai Customs received 516 reports on customs violations through Rafed in 9 months (WAM 27/10/2020)
Dubai Crown Prince launches ‘Nasdaq Dubai Growth Market’ to support SMEs (WAM 27/10/2020)
Jebel Ali Customs Centre completes 1.828m transactions in 8 months in 2020 (WAM 28/10/2020)
Dubai Airports CEO suggests three steps to expedite return of travel, tourism recovery (WAM 28/10/2020)
Abu Dhabi pearl trade jumps to AED8.8 billion in 5 months (WAM 28/10/2020)
TRA publishes list of approved telecom devices on its website (WAM 28/10/2020)
UAE-Israeli tech innovation is set to take off (Khaleej Times 28/10/2020)
UAE's online marketplaces get ready to add colour to Fridays (Gulf News 29/10/2020)
'Zadi' platform keeps Dubai's food trade flowing (Gulf News 29/10/2020)
Japan imported 20.173 mmb of crude from UAE in September (WAM 30/10/2020)
UAE’s private healthcare system desperately needs a reset (Gulf News 30/10/2020)
Kosher travel brings big opportunities for UAE's hotels and restaurants (Gulf News 30/10/2020)
Sheikh Mohammed announces new Dubai projects worth Dh6.6 billion (Gulf News 31/10/2020)
Abu Dhabi and Dubai are on a rapid growth trajectory: HSBC (Gulf News 31/10/2020)
Saying goodbye to the UAE: Expats contemplate life after Dubai (Gulf News 01/11/2020)
UAE budget 2021: Cabinet approves Dh58 billion budget (Gulf News 01/11/2020)
Dubai Chamber launches programme to help local start-ups expand to new markets (The National 01/11/2020)
UAE wealthiest nation in Middle East, Dubai richest city (Khaleej Times 01/11/2020)
Expect a UAE, GCC market rally if Trump wins (Khaleej Times 01/11/2020)
Biden a better prospect for Mideast economies, say UAE businessmen (Khaleej Times 01/11/2020)
Gold coins, bars see higher demand in UAE, jewellery sales dip (Khaleej Times 01/11/2020)
Covid-related headlines
Dubai Economy fines 7 businesses for violating COVID-19 guidelines (WAM 27/10/2020)
Latest Covid-19 stats in the UAE as at 1st November 2020
1,278 New Cases
1,606 New Recoveries
1 Death
133,907 Total Cases
130,508 Total Recoveries
496 Total Deaths
Gateway Group Of Companies
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Written by Jenny Hunt, Founding Partner & CEO
Gateway Group of Companies, Abu Dhabi & Dubai UAE
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