This week the UAE announced a major change to the way it recognises education certificates from universities around the world. It will allow students and graduates to have easier access to the UAE jobs market.
At the same time the UAE is set to see an influx of white-collar talent coming to the country.
This week Dubai saw major developments and plans announced, which will transform the city. From a the world’s largest fruit and vegetable market and a “green spine” highway passing through the city to a plan to overhaul and upgrade Jebel Ali Beach, the ever-changing city is facing further transformation.
In Dubai real estate this week, transactions hit record levels on the back of an off-plan sales surge and the importance of outstanding schools to developments was under the spotlight.
Elsewhere, we sat down with the leaders of Shiba Inu for a first ever interview and Qatar Airways announced discount stopover stays for GCC residents.
Catch up with 10 of the biggest stories this week as selected by Arabian Business editors.
UAE announces major education qualification update
The Ministry of Education (MoE) has launched the second phase of the “University Certificates Recognition” system for degrees issued by foreign higher education institutions (HEIs). The enhancements enable more graduates from foreign HEIs to benefit from the system’s features for facilitating the recognition procedures of their qualifications while ensuring the validity, reliability and integrity of the process.
More than 60,000 students in foreign HEIs are expected to benefit from the new system updates in 2024, as they will get faster, more efficient, and more flexible digital services that will help them complete their academic studies or enter the labour market easily.
Qatar Airways announces stopover stays for residents of UAE, Saudi, Bahrain, Kuwait and Oman from just $14
Travellers booking their flights on Qatar Airways’ global network of over 170 destinations now have the option to transform one holiday into two by stopping over in Qatar for up to four nights.
Designed to bridge the journey and the destination, these packages will allow GCC travellers to explore the vibrant city of Doha, all while enjoying Qatar Airways’ signature hospitality and personalised world-class service, even on short stays. The new Stopover packages will remove the need for separate reservations and enable travellers in the region to streamline their travel plans through a new and improved booking process that incorporates flight and hotel bookings in one comprehensive itinerary.
UAE summer 2024: Dubai International Airport issues travel alert; 3.3mn passengers expected in July peak
Officials project that 914,000 passengers will depart from DXB during this period.
The UAE airport expects its busiest weekend from July 12 to 14, with 840,000 travellers expected. July 13 is forecast to be the peak day, with an estimated 286,000 passengers.
EXCLUSIVE: Shiba Inu leaders Shytoshi Kusama, Kaal Dhairya sit down for first-ever interview
The meme coin leaders have created the world’s largest decentralised community but, somehow, they have remained completely anonymous. Until now.
When it comes to meeting the man behind the multibillion-dollar crypto giant Shiba Inu, the biggest challenge is actually meeting him. To all intents and purposes, he doesn’t exist. Shytoshi Kusama is not his real name. No one has a clue what he looks like. He has never been photographed in public, his voice never heard, and his whereabouts – even by continent – remain a mystery.
Arabian Business sat down to speak to the man behind the meme coins. And no, it is not Elon Musk.
Dubai Crown Prince Sheikh Hamdan approves new Jebel Ali Beach Development Project master plan
The 6.6 km beach is set to become a recreational destination in the UAE with a focus on environmental preservation.
The Jebel Ali Beach Development Project is part of a comprehensive master plan to develop public beaches in the emirate. This plan aims to increase the total length of beaches by an impressive 400 percent, involving the addition of new public beaches and the enhancement of existing ones.
Dubai announces world’s largest fruit and vegetable market
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the development of the Logistics Hub for Foodstuffs, Fruit and Vegetable Trade, the largest such facility in the world, serving the world’s largest market for foodstuffs, fruits and vegetables. This initiative aligns with the emirate’s strategies to enhance investment and economic opportunities, thus contributing to the goals of the Dubai Economic Agenda D33, which aims to double the size of Dubai’s economy and transform it into one of the top three economic cities globally by 2033.
This agreement marks the creation and management of the “Foodstuffs, Fruits and Vegetables Market,” set to be the largest of its kind globally.
Dubai real estate transactions hit record $34bn in Q2 as off-plan sales soar 80%; 5 in demand ownership areas revealed
According to data from the Dubai Land Department, Dubai recorded the highest volume and value of transactions ever, with a total number touching 43,522, showing an increase by 45 per cent compared to Q2 2023.
The value of transactions increased by 37 per cent, totalling to AED124.4bn ($33.9bn).
Dubai Green Spine: Plans unveiled for 64km green highway along E311 with 1 million trees, solar-powered trams, new parks and farms
Spearheaded by URB and developed by its ambitious research arm, EPIC Lab, this transformative project aligns with the Dubai 2040 Urban Master Plan.
It aims to revolutionise urban mobility, elevate environmental and social standards, and accommodate Dubai’s anticipated population expansion. The ambitious plans could see:
- 300 megawatts solar power
- 1 million new trees
- Alignment with Dubai 2040 Plan
- Promotion of non-motorised transport
- Significantly reduced carbon footprint
- Enhanced community connectivity
- New urban farms and gardens
UAE jobs: Incoming influx of white-collar talent from US, UK, Europe as global firms push for staff relocation plans amid mass layoffs
This incoming wave of talent, especially Indian professionals, is being seen as an indication of the UAE’s rising status as a hub for global wealth and talent.
Companies in many sectors, especially technology and finance, are increasingly looking to set up or relocate their backend operations to the UAE amidst the country’s fast rise as a regional hub for many services and a global hub in a few segments, triggering more demand for experienced talents, industry insiders told Arabian Business.
Dubai real estate: Best areas to live near ‘Outstanding’ schools revealed
According to Realiste, the presence of a reputable school district can “greatly influence” the decisions of property buyers.
The Knowledge and Human Development Authority (KHDA), has identified several schools as “Outstanding” in its latest evaluations. Find out more.
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