Dubai Internet City, the city’s technology freezone, said on Wednesday that it had seen applications for its start-up programme boom since it introduced the in5 system back in 2013. The initiative allows small firms to register in the technology park for Dh14,500 annually, providing entrepreneurs with a trade licence, four work visas, and shared office space.
Mubadala Investment Company will join hands with Greece’s New Economy Development Fund (Taneo) to create a €400 million (Dh1.8 billion) co-investment platform which will target investment opportunities in key sectors of Greece’s economy.
The commutation periods spent by the worker from the place of residence to the work site thereof shall not be calculated within the working hours.
Orascom Construction said on Monday that its joint venture with UAE-based Al Sahraa Group had been awarded a contract worth around $180 million (Dh661.14 million) for the expansion of Fujairah International Airport.
The Gitex Shopper spring edition, which was scheduled to take place from April 3 to April 7 this year, has been merged with the October 2-6 edition of the event. The two events have been clubbed to "to create a mega consumer electronics showcase, driving high demand and amplified retail impact for the industry", Dubai World Trade Centre, organiser of the event, announced on Thursday.
The UAE’s retail market is undergoing a condensed version of the changes that Europe has been through over the past 10 years, according to a senior retail analyst.