UAE Weekly Business News 13/09/20
Updated: Sep 1
Hello - if you have reached this blog, then welcome to Gateway's first weekly business news roundup for the UAE. The fact you are reading this, I am guessing that you are either already doing business in the UAE or you are planning to. In an attempt to help companies expand into the UAE, and successfully do business here, I hope this new weekly blog of business headlines will be a helpful a resource.
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.
Don't miss it
The UAE Weekly Business News is published every Monday. Subscribe to our blog to receive it in your inbox automatically.
UAE Weekly Business News, Issue 01. 13th September 2020.
Trade license-related headlines
NOON gives an e-commerce platform to Emiratis with an E-Trader License in Dubai (WAM 08/09)
7,798 E-trader licenses issued since their launch in Dubai in 2017 (WAM 08/09)
58% of Dubai's E-trader licenses are owned by women (WAM 08/09)
UAE influencers require National Media Council approval to place ads (Khaleej Times 09/09)
UAE bilateral trade relationship headlines
Abu Dhabi and Korea agree cooperation and investment in 10 sectors (WAM 08/09/20)
Dubai and Canada discuss post-Covid economic recovery (Khaleej Times 08/09/2020)
UAE discusses bilateral trade with Hungary (WAM 09/09/20)
First Israeli team arrives in UAE to promote trade ties (Khaleej Times 09/09/2020)
UAE and Western Australia discuss economic cooperation (WAM 12/09/2020)
UAE economy-related headlines
Dubai residents prefer larger homes as rents fall (Khaleej Times 06/09/2020)
UAE residents staycation (Khaleej Times 07/09/2020)
Halal economy to be worth $3.2tn by 2024 (WAM 08/09/20)
UAE announces AED9.75bn budget surplus in Q2 (Khaleej Times 08/09/2020)
Abu Dhabi Open Platform launches (Khaleej Times 08/09/2020)
Tadweer opens phase two of Al Dhafra solar plant (Khaleej Times 08/09/2020)
GCC asset managers’ profitability under pressure from COVID and oil prices (Gulf News 12/09/2020)
New smart system 'Fawri Tick ' to combat illegal financing (Khaleej Times 08/09/2020)
Economic Substance Requirements (ESR) tweaked and clarified (Gulf News 06/09/2020)
ADNOC invests $245 million to upgrade main oil lines, Jebel Dhanna terminal (Gulf News 09/09/2020)
Abu Dhabi hotels to serve Kosher food (Khaleej Times /09/2020)
Live events return to Dubai, albeit socially distanced (Khaleej Times 10/09/2020)
UAE firms can now obtain bank loans against move-able assets as collateral (Khaleej Times 10/09/2020)
UAE economic recovery linked to growth in digital payments (Khaleej Times 11/09/2020)
Al Futtaim Group to recruit 100s of employees for its new health and beauty franchise, Watson (Khaleej Times 11/09/2020)
Abu Dhabi launches strategy for people of determination (WAM 12/09/2020)
Dubai receives first Russian tourist group (Khaleej Times 13/09/2020)
Khalifa Port expansion on track despite challenges (WAM 12/09/2020)
Real Estate Dispute Settlement Centre to be established in Abu Dhabi (Khaleej Times 13/09/2020)
DIFC & Dubai Future Foundation sign MOU to advance the innovation agenda in Dubai and to engage the fintech community through training initiatives (Gulf News 12/09/2020)
All UAE homes to be fitted with fire detectors and connected to the Civil Defence e-system (Khaleej Times 13/09/2020)
Global demand for oil not expected to reach pre-Covid levels until 2023 (Khaleej Times 13/09/20)
Travel boost expected between UAE & Israel (Khaleej Times 13/09/2020)
Higher educational institutions can claim VAT refund (Gulf News 13/09/2020)
UAE ranks first among GCC countries in medical tourism (WAM 13/09/2020)
Visas-related headlines
UAE visit visa holders on overstay will be fined (Khaleej Times 12/09/20)
Covid-related headlines
Dubai economy closes businesses flouting Covid-19 regulations (WAM 12/09/20)
PCR tests on the 6th day after entering Abu Dhabi are a must to avoid fines (Khaleej Times 13/09/20)
Updated fines for Covid-19 rule breakers (The National 13/09/20)
Price of PCR test reduced to AED250 in Dubai (The National 13/09/20)
Latest Covid-19 stats in the UAE as at 13th September 2020
640 New Cases
468 New Recoveries
0 New Deaths
79,489 Total Cases
69,451 Total Recoveries
399 Total Deaths
If you find this resource informative and helpful,
please show your appreciation by clicking the ❤️ at the bottom of this page.
Thank you.
Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
25 Best Abu Dhabi Blogs And Websites
Need business support services in the UAE? We're here to help.
Remove the challenge of doing business in a foreign country, by using the trusted business services of Gateway Group. Recommended by international law firms, business groups and trade associations; we can support your business when you need the peace of mind of having someone on-the-ground who knows what they are doing, understands the business environment, is clued up on how to get things done and will quickly grasp exactly what you need. Whether you need one-time help or on-going support, speak to our friendly team to find out how we can help you.
Gateway Group Business Setup
Gateway Group helps companies get licensed to do business in the United Arab Emirates. Founding Partner, Jenny Hunt, has been setting up businesses in Abu Dhabi and Dubai, and arranging visas, for over 10 years!
Founded, and headed up by, British husband and wife team, Nathan and Jenny Hunt, Gateway operates with it's core values at heart: Honesty. Trust. Integrity. Just like their clients - they've invested their own money into businesses, and want the confidence of having management & financial control, asset protection, trustworthy partners for on-the-ground support, and being legally compliant. They understand the anxiety. And, the good news is they've done all the ground work already - tried and tested it on your behalf, so to speak - so they are best positioned to help you setup your UAE company the right way, and provide complementary business support services. #GatewayToUAE #ReassuringlyHonest
