Business News from Tuesday, July 22nd, 2025

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved a major project at Mina Al Hamriya involving the construction of a 700-metre quay with a 12-metre draft, designed to accommodate larger vessels and expand the port’s cargo-handling capability.

Dubai on Tuesday launched an initiative aimed at providing businesses with seamless access to multiple free zones, while maintaining a single license, as the city aims to widen its investor-friendly business environment. 

Dubai Chambers has announced the fourth international edition of the Dubai Business Forum is set to be held in New York on November 12.

Turkey has submitted a draft proposal to Iraq to renew and expand an energy agreement between the two countries to include cooperation in oil, gas, petrochemicals and electricity, an Iraqi oil ministry official told the state news agency.

The Emirates Group has launched a global recruitment drive that aims to hire 17,300 staff across 350 roles this financial year.  

The UAE’s trade in telecommunication services rose by 4.3 percent in 2024, reaching AED10.2 billion, up from AED9.8 billion in 2023, according to data released by the Federal Competitiveness and Statistics Centre (FCSC).