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UAE and South Korea's Presidents_photo wam

UAE President receives South Korea’s head of state

President Yoon Suk Yeol, who is accompanied by First Lady Kim Keon-hee, is in the UAE on a state visit

South Korean president arrives in UAE on Jan 14, 2023 pic courtesy WAM

South Korea’s President Yoon Suk Yeol arrives in UAE on state visit

The South Korean President was received by Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and International Cooperation

UAE President Sheikh-Mohamed bin Zayed Al Nahyan issues law to establish Abu Dhabi Media Office _photo WAMcourtesy

UAE President issues law establishing Abu Dhabi Media Office

The new entity will form strategic partnerships with local, regional, and international media organisations to advance Abu Dhabi’s media sector

Avalon Properties CEO Ahmad Ibrahim

Dubai’s real estate sector had a remarkable year in 2022, says Avalon Properties’ CEO

Avalon Properties also experienced robust growth during this period, growing its operations across the UAE, covering Abu Dhabi, Dubai, and Sharjah

Dubai Police's first all-women SWAT team photo courtesy Dubai Police_facebook

Dubai Police reveals first all-women SWAT squad

Female officers are breaking the norm by conquering specialisations that were dominated by men, says Dubai Police commander-in-chief

UAE president meet Pakistan head of state courtesy WAM

UAE President receives Pakistan PM, leaders discuss cooperation

The leaders also witnessed the announcement of three memoranda of understanding

Nafis

Sheikh Mansour bin Zayed reviews NAFIS’ 2022 results and 2023 Emiratisation targets

NAFIS data shows that the number of UAE nationals who joined the private sector since the launch of the programme reached more than 28,700 by the end of 2022

Ferrari

Ferrari World Abu Dhabi’s new mega-coaster is now open to public

Mission Ferrari brings the park’s offerings to over 44 Ferrari-inspired attractions

Mubadala

Mubadala, US-based Resilience to manufacture biopharma in UAE

As part of the agreement, Mubadala will construct the new facility, where Resilience will manufacture biopharmaceutical-related products

UAE residence-visa

UAE golden visa: 79,617 visas issued in 2022, says GDRFA

The General Directorate of Residency and Foreigners Affairs in Dubai processed over 62.24 million transactions last year

Central-Bank-of-the-UAE

UAE Central Bank issues new anti-money laundering guidelines

The new guidelines involve the use of digital ID systems by LFIs to address their customer due diligence obligations

Visitor

Ras Al Khaimah records highest visitor numbers in 2022

The full-year figures follow a strong December performance in which the emirate welcomed its highest ever footfall in one month, with over 128,000 visitors

ADNOC

Abu Dhabi’s ADNOC sets up new gas processing, operations and marketing entity

ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products

CBUAE

Gross bank assets rose to Dhs3.58tn by end of Oct 2022, reveals Central Bank of UAE

The central bank attributed the increase in domestic credit to the increase in credit granted to the public and private sectors

DFM and DWTC to host IPO summit in Dubai

Dubai Financial Market, DWTC set to host first MENA IPO Summit – Dubai

The inaugural summit will take place from January 23-25 at The Museum of the Future

Dubai Chamber of Commerce establishes Medical Labs & Diagnostic Centres Business Group

The establishment of the business group plays a crucial role in recommending policy changes to improve the sector’s competitiveness

Sheikh Hamdan and Sheikh Maktoum review roadmap for D33 implementation_photo courtesy_Dubai Media Office

Dubai: Sheikh Hamdan, Sheikh Maktoum review roadmap for D33, first 10 projects

The first phase of D33 projects includes launching the Dubai Green and Sustainable Industry Plan

rain in dubai work from home

Heavy downpours hit Dubai and parts of UAE on Saturday, chance of rainfall on Sunday

There’s a chance of light to moderate rainfall across some areas in the UAE on January 8

UAE police arrest international trafficker photo courtesy twitter-interpol

UAE arrests kingpin of major human trafficking ring

The UAE worked closely with Interpol and local police in Sudan for the operation to nab the Eritrean criminal and members of the human trafficking ring

Dubai real estate courtesy Dubai Media Office

Dubai records real estate transactions valued at Dhs10bn during the week

Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m

Dubai_ new Customs duty on international purchases

Dubai levies new custom duty on international shopping over Dh300 from Jan 1

Residents shopping internationally will have to pay 5 per cent import customs duty and 5 per cent value-added tax on purchases

Aldar, Diamond Developers launch sales for The Sustainable City – Yas Island project

Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025

MohRE emiratisation fines

UAE’s MoHRE fines companies failing to achieve Emiratisation targets for 2022

The value of the monthly financial contributions imposed on private sector entities will increase progressively at a rate of Dhs1,000 annually until the year 2026

EAD launches new digital system for compliance checks

The Environment Agency – Abu Dhabi launches new digital system for environmental and compliance checks

The system allows EAD inspectors to comprehensively review any aspect of an organisation’s activities that can cause potential environmental harm

ENOC, AutoPro and Dubai Police collaborate for On the Go initiative

Dubai Police launches fourth phase of ‘On-The-GO’ initiative at ENOC service stations

During the fourth phase, ENOC personnel at service stations will assist motorists in reporting minor accident reports within a few minutes

dnata breaks ground on warehouse in Iraq

Dubai-headquartered dnata breaks ground on $14m cargo warehouse in Erbil, Iraq

dnata’s latest expansion follows the opening of a new, advanced cool chain facility and a bus maintenance facility in 2022 at EBL

MoHRE unemployment insurance scheme

UAE unemployment insurance scheme: Over 60,000 subscribers sign up in two days

According to MoHRE, 90 per cent of those who signed up chose to subscribe to the scheme annually

Flat6Labs, Wio Bank ink MoU to enhance SME-centric banking services in Abu Dhabi

In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme

UAE-weather

UAE weather update: A chance of fog, rain forecasts NCM

The maximum temperature in Dubai is expected to reach 27°C with the minimum temperature being 18°C

UAE cabinet meeting 2023 courtesy Dubai Media Office

Sheikh Mohammed chairs year’s first UAE Cabinet meeting, approves govt’s top five priorities

The priorities include establishing the national identity, enhancing sustainability, developing the educational system, accelerating Emiratisation, and expanding international economic partnerships