Mohammad Bin Rashid launches fund to finance innovative projects

Dubai: A fund to finance innovation projects has been created to boost the country’s approach towards innovation and facilitate the setting up of enterprises by innovative entrepreneurs. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President ... ( read original story ...)

Market speculations on upcoming bank mergers still afloat

“We do not have any information from any official source about this topic [the merger], and it has not been discussed with the bank’s management,” UNB said in its statement. Challenges in the UAE’s operating environment on the back of lower oil ... ( read original story ...)

Dubai rape claim woman's case dropped

A British woman, who was charged with having extra-marital sex in Dubai after reporting she was raped, has had all charges against her dropped. The woman was arrested and had her passport confiscated after she claimed she was raped by two British men. ( read original story ...)

New Abu Dhabi-Dubai highway nearly complete

Abu Dhabi: A new 62-kilometre highway connecting Abu Dhabi and ... project manager for the new highway at Musanada, told Gulf News ahead of a media tour. Musanada has been in charge of all construction on the new highway, and began the work in the first ... ( read original story ...)

Rain and dusty conditions forecast in UAE over next three days

The good news for those praying for rain is that some showers may come on Thursday and Friday. “Clouds will also start increasing on Wednesday in the northern and eastern parts of the UAE and will gradually approach some coastal areas between Abu Dhabi ... ( read original story ...)

Trump overseas business interests subject to new scrutiny

Those business interests have ranged from beverage sales in Israel to golf course developments in the UAE. Although the location of some of Trump's foreign business deals could overlap with future foreign policy decisions, many of Trump's foreign business ... ( read original story ...)

Dubai real estate prices to 'keep falling'

Dubai: Real estate prices in Dubai will continue declining in 2017, with a recovery only starting late next year, says property consultancy Cluttons. Home values in the emirate dropped 7.4% on an annual basis at the end of the third quarter and will ... ( read original story ...)

Dubai climbs innovation index rankings

... on Monday by the Dubai Chamber of Commerce and Industry and PricewaterhouseCoopers shows Dubai improving its ranking from 16 to 15 while outperforming business hubs such as Madrid, Milan, Shanghai and Moscow. New York secured the top position in the ... ( read original story ...)

More UAE firms offer better gratuity pay

Dubai: Losing employees, or a high turnover rate, is bad for business. It just doesn’t have financial repercussions, it can impact employee morale. This is why organisations in the UAE are rethinking on the provision of end-of-service benefits (EOSB). ( read original story ...)