Global Airport Leaders Forum to take off in Dubai on May 24

After holding it in digital format in 2020 due to the coronavirus pandemic, the Global Airport Leaders Forum (GALF) will be staged for the eighth time at the Dubai World Trade Centre (DWTC) from May 24 to 26. As a co-located event of the 20th edition of Airport Show, the world’s largest airport industry B2B […]

UAE: 100% foreign ownership in UAE firms starts on June 1

Dubai: The Ministry of Economy announced on Wednesday that the previously announced Commercial Companies Law will come into effect from next June 1. This will allow 100 per cent foreign ownership of onshore [mainland] companies in the UAE. According to the earlier announcements, all current and previously licensed businesses in the UAE can amend their statuses according to […]

Abu Dhabi’s Hub71 picks 16 tech startups with collective funding of Dh274m

Dubai: Abu Dhabi’s Hub71 on Wednesday said it selected 16 tech startups from seven sectors to join the startup hub. The number of successful applications reflect an 11 per cent success rate that led to Hub71 selecting its first startups from India, Saudi Arabia, Turkey, Mauritius and South Africa, in addition to its first SpaceTech […]