UAE Weekly News Roundup 25/10/20
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 07. 25th October 2020.
Trade License-related news headlines
200 law firms suspended in UAE for failing to comply with anti-money laundering procedures (Gulf News 21/10/2020)
UAE bilateral trade relationship news headlines
UAE, Israel sign air transport services agreement (WAM 21/10/2020)
Abu Dhabi Chamber organises Abu Dhabi-Korea Healthcare Week (WAM 21/10/2020)
Promising prospects for food security cooperation between UAE, Brazil (WAM 22/10/2020)
UAE, US issue joint statement on solidifying strategic partnership (WAM 22/10/2020)
UAE, Israel sign treaty on mutual entry visa exemption (Gulf News 22/10/2020)
UAE economy-related headlines
30% of UAE companies plan to cut workforce, 10% reduce salaries: Survey (Khaleej Times 19/10/2020)
ADDED, ADAFSA sign agreement to implement Abu Dhabi Local Content programme in agricultural sector (WAM 20/10/2020)
UAE ranks among top global commodity trading hubs in DMCC Future of Trade research (WAM 20/10/2020)
Jebel Ali Customs Centre makes 103 seizures, 104,700 inspection operations in 8 months (WAM 20/10/2020)
Dubai Maritime City marks 70% completion of Phase I of infrastructure works (WAM 20/10/2020)
Pakistani, Indian job seekers warned not to travel to Dubai on tourist, visit visas (Gulf News 20/10/2020)
Foreign investors now increasingly seeking equity partnerships (Khaleej Times 20/10/2020)
Abu Dhabi Department of Energy updates list of violations, fines for all licensed entities (WAM 21/10/2020)
Dubai Customs solves 170 IPR disputes in 9 months in 2020 (WAM 21/10/2020)
Trial run of e-scooters in Dubai to roll out next week in five zones (Gulf News 21/10/2020)
UAE eyes zero oil in GDP in next 50 years (Khaleej Times 21/10/2020)
GCC agri-nutrients sector feeding 350m worldwide (Khaleej Times 21/10/2020)
DLD fines 10 realty firms, warns 30 (Khaleej Times 21/10/2020)
Economic drivers, start your engines (Khaleej Times 21/10/2020)
UAE Cabinet approves amendments to provisions of bankruptcy law (WAM 22/10/2020)
CBUAE launches new regulations regarding reserve requirements (WAM 22/10/2020)
Foreign currency deposits in UAE banks up 7.3% in eight months (WAM 22/10/2020)
Department of Health Abu Dhabi develops 'Certificate of Need' to identify investment opportunities in healthcare sector (WAM 22/10/2020)
Dubai commits to increasing share of renewable energy to balance conservation, development (WAM 22/10/2020)
Abu Dhabi setting international example for sustaina bility, efficiency in energy sector, says DoE official (WAM 22/10/2020)
Abu Dhabi a global centre of energy, sustainability (WAM 22/10/2020)
1,000 aircrafts fly over UAE airspace a day (WAM 22/10/2020)
Investors find UAE more attractive than US, Europe (Khaleej Times 22/10/2020)
Mideast air traffic to fly back to 45% of pre-Covid levels in 2021 (Khaleej Times 22/10/2020)
Dubai real estate transactions valued at AED4bn during week ending 22 October (WAM 23/10/2020)
SEDD handles more than 2,500 Consumer Protection Complaints during 2020 Q3 (WAM 24/10/2020)
Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority (WAM 24/10/2020)
New research project aims to advance UAE’s leadership in Artificial Intelligence (WAM 24/10/2020)
Cabinet issues resolutions on Insurance Authority, Securities and Commodities Authority (WAM 24/10/2020)
Etisalat UAE recognised fastest mobile network operator globally (WAM 24/10/2020)
Dubai government boosts Covid stimulus to Dh6.8bn (The National 24/10/2020)
How thinking like our nomadic ancestors can help start ups survive the pandemic (The National 25/10/2020)
Covid-related headlines
Dubai Economy fines 5 businesses, warns 4 for violating COVID-19 guidelines (WAM 20/10/2020)
750 businesses fully complied with COVID-19 guidelines: Dubai Economy (WAM 21/10/2020)
Emirates SkyCargo to set up largest GDP compliant air cargo hub for global distribution of COVID-19 vaccine (WAM 22/10/2020)
Three shops in Dubai given fines, 10 warned for not adhering to precautionary measures (Gulf News 22/10/2020)
COVID-19: Posting social distancing stickers a must, Dubai shop warned (Gulf News 23/10/2020)
Dubai Municipality closes 4 laundries in Souq Al Kabeer, fitness centre in Mankhool for COVID-19 violations (Gulf News 25/10/2020)
Latest Covid-19 stats in the UAE as at 25th October 2020
1,359 New Cases
2,037 New Recoveries
4 Deaths
125,123 Total Cases
118,931 Total Recoveries
477 Total Deaths
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Written by Jenny Hunt
Founder, Gateway Group, Abu Dhabi & Dubai, United Arab Emirates
FORBES' Top 100 Most Influential Women in the Middle East
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