DIFC-Business Formation in Dubai
Business Dubai

Regulator of Dubai’s financial centre stresses “renewed emphasis” on governance post-Abraaj collapse

The CEO of the Dubai Financial Services Authority (DFSA) has said that it will look at “possibly changing” corporate governance rules following the collapse of the Dubai-based private equity group Abraaj last year. The DFSA is responsible for regulating companies with a presence within the Dubai International Financial Centre (DIFC), the emirate’s financial free zone.  Stirewalt, who was appointed as CEO […]

Hub 71 Abu dhabi - Business formation in Dubai
Abu Dhabi Business UAE

Mubadala Partners With Microsoft, SoftBank Vision Fund, and ADGM To Launch Hub71 With An AED535 Million Tech Startup Fund

Mubadala Investment Company, Abu Dhabi’s largest wealth fund and one of the world’s biggest investors, has opened its doors to tech startups. Hub 71, a tech ecosystem founded by Mubadala Investment Company, Microsoft and SoftBank Vision Fund, working in close collaboration with Abu Dhabi Global Market, is aimed at accelerating the Emirate’s goal of becoming […]

Abu Dhabi Business Dubai

Abu Dhabi launches Hub71 that brings together tech start-ups, global powerhouses, including Microsoft.

The Abu Dhabi government has just launched a Dh1 billion mega hub that seeks to accelerate the local economy by bringing together start-ups, innovators and global powerhouses in the technology industry. Branded as “Hub 71” and with an investment of Dh1 billion, the new initiative is being launched under the aegis of His Highness Shaikh Khalid bin […]

Business Dubai

Dubai Silicon Oasis Authority registers 42.1% revenue growth in 2018

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority, DSOA, the regulatory body for Dubai Silicon Oasis, DSO, has announced that the integrated free zone technology park achieved remarkable results during 2018 with a total revenue of AED576.9 million, as well as overall net profit of AED292.4 million in comparison with […]