RAKEZ introduces holding company set-up to back investors in diversifying investments

Dubai: Ras Al Khaimah Economic Zone, RAKEZ, has announced that it recently introduced holding company set-up, the latest addition to its wide-ranging products and services that supports investors in Ras Al Khaimah. According to a press release issued by RAKEZ, this type of company structure allows secured investments where business owners can hold shares in […]

World Milk Day: A glass half full

As tales of farmers dumping their milk inventory came through in the latter part of March and early April from around the world, arising from large-scale disruptions in the demand-supply chain caused by Covid-19, the overlying concern shaping the milk industry right now is that of food security. Globally, with restaurants and schools shutting down, […]

A $100,000 prize is open for UAE women entrepreneurs making right business pitch

Dubai: Women entrepreneurs in the UAE have a chance to tap into a $100,000 pool if they come up with the best business pitch. The 2020 Pitch Competition offers early- and late-stage women-owned businesses to compete. The owners need to pitch their business idea to their local TiE (The Indus Entrepreneurs) chapter and thus gain […]

Dubai International Financial Centre updates its Data Protection Law

Dubai: A Data Protection Law for Dubai International Financial Centre (DIFC) – Law No. 5 – will come into effect July 1, with DIFC registered businesses having until October 1 to comply with it. Until then, the Data Protection Law DIFC Law No. 1 of 2007, will remain in effect. The updated version was enacted […]

India needs intelligent lockdown exit strategy — SBI report

New Delhi: India needs to implement an intelligent lockdown exit strategy to prevent irreversible growth collapse, SBI said in a research report on Saturday. India’s economic growth slipped to an 11-year low of 4.2 per cent in 2019-20 and to 3.1 per cent in January-March, the lowest in the last 40 quarters. The nation-wide lockdown […]