UAE Weekly News Roundup 15/11/20
15th November 2020
Welcome to Gateway's tenth weekly UAE business news roundup. This is a collation of business headlines from the last week. A great way to quickly and conveniently 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
CBUAE urges Hawala providers to adhere to mandatory registration process (WAM 12/11/2020)
UAE bilateral trade relationship headlines
Visa-free entry for UAE citizens travelling to Peru (WAM 09/11/2020)
Abdullah bin Zayed, Italian counterpart chair 4th UAE-Italy strategic dialogue (WAM 09/11/2020)
Sharjah, Paris discuss cultural opportunities (WAM 09/11/2020)
Minister of Economy, Uzbek Minister of Investment and Foreign Trade, discuss strategic partnership (WAM 10/11/2020)
Abu Dhabi Fund for Development, Uzbekistan explore opportunities to expand cooperation (WAM 10/11/2020)
UAE, Myanmar establish diplomatic relations (WAM 10/11/2020)
Abdullah bin Zayed, German Minister of Foreign Affairs discuss strategic relations (WAM 11/11/2020)
UAE Ambassador, Russian Minister discuss cooperation (WAM 11/11/2020)
UAE-UK Business Council announces 10th anniversary campaigns for 2021 (WAM 12/11/2020)
UAE economy-related headlines
UAE law firms fined Dh100,000 for breaking anti-money laundering regulations (The National 08/11/2020)
Dubai primed to be global business hub (Khaleej Times 08/11/2020)
Covid sparks UAE e-commerce boom (Khaleej Times 08/11/2020)
Dh36.5 billion of excess working capital tied up in Middle East (Khaleej Times 08/11/2020)
Abu Dhabi’s non-oil foreign trade reached AED151.18 billion till September 2020 (WAM 0911/2020)
National Reference Laboratory launches newborn screening service (WAM 0911/2020)
UAE Cabinet amends laws on public notaries and digital signatures (The National 09/11/2020)
UAE legal reforms: Senior judge says tougher harassment laws better reflect modern society (The National 09/11/2020)
Optimism dims as Dubai growth slows (Khaleej Times 09/11/2020)
Dubai Economy launches Smart Inspection project via IoT to boost services for customers and investors (WAM 10/11/2020)
ADIO allocates AED 152 million incentives for ‘land, sea and space’ projects to increase AgTech (WAM 10/11/2020)
Department of Municipalities begins phase two of Mina Zayed re-development project (WAM 10/11/2020)
Jebel Ali Port, Jafza see steady growth in construction, steel sector (WAM 10/11/2020)
Total VAT revenues amount to AED11.6bn from January until August, 2020 (WAM 10/11/2020)
DIFC’s Innovation Hub to support Dubai’s future economic growth (WAM 10/11/2020)
ADNOC, ADQ launch TA’ZIZ joint venture to drive growth in UAE chemicals sector (WAM 10/11/2020)
How UAE's focus on FinTech will propel its rise as a global tech hub (The National 10/11/2020)
Abu Dhabi establishes dedicated court to tackle money laundering and tax evasion (The National 10/11/2020)
Sheikh Mohammed bin Rashid opens Dh590m smart traffic centre in Dubai (The National 10/11/2020)
UAE confirms once again it has no plans to raise 5% VAT (Gulf News 10/11/2020)
Online is winning over more UAE shoppers to keep buying (Gulf News 10/11/2020)
Adnoc, ADQ launch Ruwais Derivatives Park, to invest Dh18B (Khaleej Times 10/11/2020)
Alliances for Global Sustainability, Veolia partner to develop plastic recycling plant in Abu Dhabi (WAM 11/11/2020)
ADNOC, TOTAL deliver first unconventional gas from UAE (WAM 11/11/2020)
US F-35 sale to UAE shows regional shifts and improves Emirati deterrence in region (The National 11/11/2020)
Fitch Ratings affirms UAE government at 'AA' with a stable outlook (Gulf News 11/11/2020)
UAE consumers want to dine out more in 2021 (Gulf News 11/11/2020)
UAE’s healthcare investors should focus on specialities (Gulf News 11/11/2020)
Ahmed Al Sayegh highlights UAE’s keenness to create favourable business environment (WAM 12/11/2020)
NMDC Board recommends offer to combine National Petroleum Construction Company with National (WAM 12/11/2020)
UAE-UK air corridor opens up with travellers able to fly without 14-day quarantine (The National 12/11/2020)
UAE now among top 10 most influential nations (Khaleej Times 12/11/2020)
UAE shoppers are loving what they see with 'Buy Now Pay Later' options - and at zero interest (Gulf News 13/11/2020)
Gulf’s airports can still do well as hubs in a post-COVID-19 world (Gulf News 13/11/2020)
Abu Dhabi International Airport gears up to introduce new ‘Smart Travel’ features (WAM 14/11/2020)
Real estate contribution to Dubai’s GDP reached 7.2% in 2019 (WAM 14/11/2020)
SEDD completes more over 214,000 digital transactions during COVID-19 pandemic (WAM 14/11/2020)
UAE non-oil trade hits AED658.3 billion in H1 2020 (WAM 14/11/2020)
UAE Government discusses economic visions for next 50 years (WAM 14/11/2020)
UAE leads MENA in ranking of world’s most valuable, strongest nation brands (WAM 14/11/2020)
MoF launches ‘MNEs Notification and Reporting System’ (WAM 14/11/2020)
Dubai’s real estate sales jump 5% to reach Dh21bn in first quarter of 2020 (The National 14/11/2020)
UAE lays out economic vision for next 50 years (The National 14/11/2020)
UAE allows Omanis to enter through land ports from Monday (The National 14/11/2020)
Indians lap up Dubai real estate (Khaleej Times 14/11/2020)
Covid-related headlines
Coronavirus: Abu Dhabi's new border rules come into force today (The National 08/11/2020)
Coronavirus: Abu Dhabi offers 20 per cent rent rebate to select sectors (The National 15/11/2020)
Latest Covid-19 stats in the UAE as at 14th November 2020
1,174 New Cases
678 New Recoveries
0 Deaths
149,135 Total Cases
142,561 Total Recoveries
528 Total Deaths
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Written by Jenny Hunt, Founding Partner & CEO
Gateway Group of Companies, Abu Dhabi & Dubai UAE
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