UAE Weekly News Roundup 20/12/20
20th December 2020
Welcome to Gateway's fifteenth weekly UAE business news roundup. A weekly, local business magazine with key business headlines from the last week to help you 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
Dubai has 401 active licences in fisheries sector, says Dubai Economy (WAM 19/12/2020)
Department of Economic Development gives enterprises one-year extension to secure ‘Tajer Abu Dhabi’ license even without business location (WAM 17/12/2020)
UAE bilateral trade relationship headlines
UAE and Israel discuss cooperation in infrastructure, transportation fields (WAM 13/12/2020)
Dubai trade with Bahrain skyrockets 170% in ten years (WAM 15/12/2020)
Abdullah bin Zayed, Russian Minister of Trade and Industry explore prospects of cooperation (WAM 15/12/2020)
Abu Dhabi's trade with Bahrain at AED 41.83 bn in 6 years (WAM 16/12/2020)
UAE is one of the key strategic partners of Tajikistan in Middle East: Tajik Ambassador (WAM 17/12/2020)
Dubai remains preferred market for Indian retailers eyeing global expansion (WAM 17/12/2020)
UAE, UK exploring establishing working group on climate action, post-COVID (WAM 17/12/2020)
DP World signs MoU with Rwanda Development Board to accelerate international trade (WAM 17/12/2020)
ADGM RA, British Virgin Islands Financial Services Commission ink agreement to promote international cross-border collaboration (WAM 17/12/2020)
Abdullah bin Zayed, Pakistan's FM review regional developments, expanding cooperation (WAM 18/12/2020)
UAE economy-related headlines
AED3.671 bn in exports by members of RAK Chamber in nine months (WAM 13/12/2020)
Why more Middle East businesses need to communicate in Arabic (The National 13/12/2020)
UAE accounts for 11% of global gold exports trade: Minister of Economy (WAM 14/12/2020)
Dubai leads regionally, sixth globally in cultural interaction on Global Power City Index 2020 (WAM 14/12/2020)
Mohammed bin Rashid issues law regulating timeshare industry in Dubai (WAM 14/12/2020)
UAE property market set to stabilise in 2021 amid Covid-19 economic recovery (The National 14/12/2020)
5 investment projects worth AED 524 million to spur growth of Abu Dhabi’s agriculture sector (WAM 15/12/2020)
UAE ranks first in Arab World in Human Development Report 2020 (WAM 15/12/2020)
Mohammed bin Rashid issues new legislations on unfinished and cancelled real estate projects (WAM 15/12/2020)
ADNOC to boost in-country value to support post-Covid Economic Growth (WAM 15/12/2020)
Trade with the Gulf ‘vital’ for post-Brexit Britain (The National 15/12/2020)
Increased UAE-Israel co-operation to help SMEs, minister says (The National 15/12/2020)
Gold sparks 6% spike in UAE exports (Khaleej Times 15/12/2020)
Industry leaders offer glimpse into future of UAE logistics sector (Khaleej Times 15/12/2020)
Ministry of Climate Change and Environment launches UAE Environmental Policy (WAM 16/12/2020)
GE ranks UAE global innovation leader (Khaleej Times 16/12/2020)
UAE economy's rebound to pre-crisis level by 2022 (Khaleej Times 16/12/2020)
AED3.2bn in week-long real estate transactions in Dubai (WAM 17/12/2020)
ADIO’s expanded AED2bn incentive programme targets high-growth areas (WAM 17/12/2020)
UAE's retail sector to fully recover by 2021, Majid Al Futtaim CEO says (The National 17/12/2020)
Covid-19 set to disrupt Gulf’s $67bn education sector (Khaleej Times 17/12/2020)
Dubai Metro will start operating 4 new stations (WAM 18/12/2020)
Fitch affirms Adnoc's AA+ rating on the back of high output and low cost of production (The National 18/12/2020)
How diverse reforms can harness the GCC’s human resources (The National 18/12/2020)
How Covid-19 transformed the UAE's remittance sector in 2020 (The National 20/12/2020)
SMEs in UAE received over Dh420m in trade credit support (Khaleej Times 20/12/2020)
Covid-19 impact: Tight supply cycle to help subdue steep rents in GCC (Khaleej Times 20/12/2020)
Sustainability amid new mandates (Khaleej Times 20/12/2020)
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Written by Jenny Hunt, Founding Partner & CEO
Gateway Group of Companies, Abu Dhabi & Dubai UAE
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