UAE Weekly Business News 17/05/22

Our condolences on the passing of Sheikh Khalifa bin Zayed Al Nahyan. President Khalifa passes away (WAM 13/05/2022)

Our congratulations to His Highness Sheikh Mohamed bin Zayed Al Nahyan as the new President of the UAE. Federal Supreme Council elects Mohamed bin Zayed as UAE President (WAM 14/05/2022).

Welcome to Gateway's 86th weekly roundup of business headlines in the UAE. This resource aims to help you quickly and conveniently keep in touch with business in Abu Dhabi and Dubai.

Click the headlines below to go directly to the articles. The source is in purple.

UAE Weekly Business News headlines. Start your business in Abu Dhabi or Dubai with Gateway Group of Companies for the best company registration and visa services.

UAE trade licence and visa-related headlines

• UAE Cabinet increases Emiratisation rate to 2% annually (WAM 09/05/2022)

• UAE Cabinet approves redundancy payments for unemployed Emiratis (The National 09/05/2022)

• Abu Dhabi Global Market's sandbox programme opens applications for decentralised finance (The National 11/05/2022)

• Hub71 welcomes 16 new startups to its dynamic tech ecosystem (WAM 12/05/2022)

• UAE introduces unemployment pay for Emiratis and residents under new scheme (The National 12/05/2022)

• Unemployment insurance 'safety net'; increasing Emiratisation rate motivates national talent (WAM 13/05/2022)

• UAE's new unemployment insurance scheme will give employees vital protection (The National 13/05/2022)

• ‘Can my employer refuse to pay me as I recover from a work injury?’ (The National 16/05/2022)

UAE bilateral trade-related headlines

• UAE, Greece trade exchange increase by 67% in 2021 (WAM 09/05/2022)

• UAE-Greece Joint Statement reaffirms determination of two countries to further deepen and widen relationship (WAM 09/05/2022)

• WAM signs cooperation agreements with three Uruguayan media outlets (WAM 09/05/2022)

• Emirates signs MoC with Malaysia Tourism Board (WAM 10/05/2022)

• UAE a source of pride for all Arabs: CEO Egyptian Tourism Promotion Board (WAM 10/05/2022)

• Sultan Al Jaber, German Vice-Chancellor discuss strengthening strategic relations (WAM 10/05/2022)

• Ahmed bin Saeed receives Jamaican tourism delegation (WAM 10/05/2022)

• UAE delegation to visit India to explore joint investment within framework of CEPA agreement (WAM 10/05/2022)

• UAE to begin reducing tariffs on India's goods by 90%: Minister of Economy Emirates, South African Tourism Board sign MoU to boost tourism (WAM 11/05/2022)

• Abu Dhabi DoE partners with Saskatchewan's trade ministry on sustainable energy initiatives (WAM 12/05/2022)

• UAE delegation familiarises Indian business community with UAE-India CEPA facets (WAM 12/05/2022)

• UAE, Cameroon accelerating sports cooperation programmes (WAM 12/05/2022)

• CEPA to increase UAE imports from India by $14.3b by 2030 (WAM 13/05/2022)

UAE business and economy-related headlines

• Dubai receives 630,000 health tourists in 2021 (WAM 09/05/2022)

• UAE develops strategy to become number one in Global Food Security Index by 2051 (WAM 09/05/2022)

• DEWA completes 98.83% of its AED266m water pipeline project (WAM 09/05/2022)

• DCT Abu Dhabi and Miral launch new destination vision and strategy for Saadiyat Island (WAM 09/05/2022)

• Government of Dubai establishes a Debt Management Office (WAM 09/05/2022)

• UAE’s industrial success key to robust national food security (WAM 09/05/2022)

• UAE’s National Human Rights Institution announces completion of its accelerated 100-day plan to set up it's operations (WAM 09/05/2022)

• Middle East travel and tourism sector to create 3.6m jobs in 10 years (The National 09/05/2022)

• Dubai ranks No. 1 globally in hotel occupancy in first quarter of 2022 with 82% (WAM 10/05/2022)

• Abu Dhabi’s Building Retrofit Programme to save up to 40% power consumption (WAM 10/05/2022)

• Investments in new desalination plants in UAE valued at AED7.63b (WAM 10/05/2022)

• Empower provides district cooling services to 17% of the hotels in Dubai (WAM 10/05/2022)

• Al Ameen Service launches "WeGotYourBack" campaign in cooperation with Digital Dubai (WAM 10/05/2022)

• UAE is ahead of curve in powering Net Zero through ensuring energy security, sustainability (WAM 10/05/2022)

• Investment in new ideas, technology and inclusivity to drive Middle East tourism sector (WAM 10/05/2022)

• Majority of Middle East’s wealthy plan to increase sustainable investments (The National 10/05/2022)

• Dubai government to restructure Land Department and Municipality (The National 10/05/2022)

• Sheikh Mohammed bin Rashid says Dubai leads the world in its return to normality (The National 10/05/2022)

• Abu Dhabi Convention & Exhibition Bureau, Etihad Airways sign MoU (WAM 11/05/2022)

• Emirates partners with DCT Abu Dhabi to encourage more visits and boost tourism to the emirate (WAM 11/05/2022)

• Abu Dhabi’s non-oil foreign trade totalled AED61.5b in Q1 2022 (WAM 11/05/2022)

• Over 2.56m passengers pass through Abu Dhabi Airport in Q1, growth of 218% (WAM 11/05/2022)

• First auction of dirham treasury bonds oversubscribed 6.3 times amid strong demand (The National 11/05/2022)

• Dubai prime property prices soar by almost 60% in past 12 months (The National 11/05/2022)

• Metacon in Dubai to showcase the metaverse in the physical world (The National 11/05/2022)

• More than 400 teaching jobs in UAE on offer ahead of new academic year (The National 11/05/2022)

• Emirates concludes busy ATM with Premium Economy focus, partnerships to drive travel recovery (WAM 12/05/2022)

• TA'ZIZ, Reliance partner with UAE’s Shaheen on $2b chemicals project in Ruwais (WAM 12/05/2022)

• DXB records busiest quarter since 2020 with 13.6m passengers (WAM 12/05/2022)

• Emirates inks MoU with Jafza to attract new businesses to Dubai (WAM 12/05/2022)

• TAQA's green hydrogen projects in advanced techno-feasibility stage (WAM 12/05/2022)

• Dubai Airport Show to set future momentum for aviation industry's growth(WAM 12/05/2022)

• RTA ramps up power-saving, recycling, waste management initiatives (WAM 12/05/2022)

• Dubai International Airport raises 2022 passenger traffic forecast to 58.3m (The National 12/05/2022)

• GCC consulting market crosses $3b for first time on economic transformation push (The National 12/05/2022)

• UAE expanded economic reach, growing strategic weight under Khalifa's leadership: Report (WAM 13/05/2022)

• OPEC highlights positive expectation for UAE economy (WAM 13/05/2022)

• Masdar, National Petroleum Construction Company to explore renewable energy opportunities (WAM 13/05/2022)

• Dubai's non-oil economy improves in April as new business continues to rise sharply (The National 13/05/2022)

• Dubai seeks new markets to surpass 2021 overseas visitor numbers (The National 13/05/2022)

• UAE Banking Sector: Great strides under leadership of Khalifa bin Zayed (WAM 14/05/2022)

• President Sheikh Mohamed bin Zayed's lead role in UAE’s economic transformation (The National 14/05/2022)

• The UAE economy's transformation under Sheikh Khalifa's leadership (The National 14/05/2022)

• Sheikh Mohamed's vision has made Adnoc a key pillar of UAE economic strength (The National 14/05/2022)

• Mohamed bin Zayed: Ambitious economic vision for UAE Centennial 2071 (WAM 15/05/2022)

• UAE enters 'new era of growth and prosperity' under President Sheikh Mohamed's leadership (The National 15/05/2022)

• UAE saw surge in progress in these six areas during Sheikh Khalifa's years in office (The National 15/05/2022)

• UAE spent AED40b in development projects under the late Sheikh Khalifa (WAM 16/05/2022)

• GCC banks minimize cyber risks with strong investment in digital security, S&P says (The National 17/05/2022)

UAE Tenders

• EWEC invites Expression of Interest submissions for development of Al Ajban Solar Photovoltaic Independent (WAM 10/05/2022)

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Written by Jenny Hunt

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

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