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Economy Middle East Summit
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United Arab Emirates
Cars & Boats
Prevailing winds take SailGP to Dubai
Sail Grand Prix is taking place in Mina Rashid on November 12-13
Economy
UAE’s Ministry of Economy launches initiative to attract SMEs to the country
Initiative will enable startups to compete in local, global markets
Markets
UAE’s Finance Minister celebrates listing of 5-year tranche T-Bonds
By ringing Nasdaq Dubai's bell
Health
UAE secures AED 2.8 bn deals at Arab Health 2022
The UAE reaffirms its position as a global healthcare hub
Economy
UAE’s Majid Al Futtaim hires over 700 Emirati recruits in one year
Emirati workforce doubled to 6% of total MAF's employees in the UAE
Banking & Finance
A new digital bank launches officially in the UAE
Bank said it would focus initially on SMEs
Logistics
AD Ports acquires majority stake in two Egypt-based transcargo companies
Total purchase valued at AED 514 mn
Energy
UAE raises gas emission reduction target by 31% by 2030
Up from previous target of 23.5%
Markets
UAE’s Tabreed is latest listed firm to allow 100% foreign ownership
Company amended Articles of Association to remove ownership cap
Economy
Moody’s forecasts UAE real GDP growth of 6%-7% in 2022
Credit quality of rated UAE real estate companies to remain stable
Markets
Dubai’s Salik IPO kicks off, aims to raise $800 mn
After the offering, Dubai government will retain 80% of the company
Banking & Finance
UAE’s fourth auction of 5-year T-bonds achieves AED 1.5 bn
As part of the AED 9 bn T-Bonds issuance program for 2022
Hospitality & Tourism
Dubai gears up to house first gigantic $5 bn moon-shaped resort
Project expected to attract 2.5 million visitors per year
Industry
Abu Dhabi issues 136 new industrial licenses in H1
Total number of active in-production licenses was 866 in June
Economy
UAE first globally in 156 development, economic indicators
Cabinet approved licensing of first electric clean energy cargo aircraft in region
Energy
ADNOC, Dubai Supply Authority sign natural gas deal
To supply fuel required to generate electricity at the Hassyan power complex
Economy
Dubai’s non-oil private sector production records fastest rise in 3 years
Job creation in August was fastest in a year
Banking & Finance
UAE: AED 33.5 bn in financing for trade, industry
Cumulative credit balance amounted to AED 718.1 bn in June
Banking & Finance
ADCB raises $500 mn with debut green bonds
Transaction attracted $1.9 bn in orders from regional, international investors
Hospitality & Tourism
Dubai is again building the world’s tallest hotel
Set to surpass the current holder of this record, Hotel Gevora
Legal reviews
Raising ownership of UAE company shares to 100%: Rewards and risks
Stocks of such companies will be more visible to potential investors
Markets
UAE stocks record AED 10 bn of gains
Gains were notable in the realty, banking, and telecom sectors
Energy
“Dubai Can” initiative cuts single-use plastic bottle usage by 3.5 mn
Initiative has seen 46 fountains installed across the emirate since launch
Economy
Employees onboarded by UAE firms exceed those offboarded in 2022
By a factor of 1.6
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