UAE Weekly News Roundup 01/11/20

Gateway Group's UAE Weekly News Roundup. Abu Dhabi and Dubai trade and economy headlines.

Welcome to Gateway Group's weekly collection of business highlights from Abu Dhabi and Dubai. It's the ideal way of staying informed about crucial UAE business news, conveniently in one place.

Simply scan through the headlines and choose the ones relevant to you. To read the full article, click the headline. The source is in purple for reference.

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UAE Weekly Business News, Issue 08. 1st November 2020.

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 news 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

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Written by Jenny Hunt

Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates

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