UAE government’s surplus hits Dh67.5 billion in 2018 as revenues rise

Abu Dhabi: The UAE government’s surplus posted Dh67.5 billion in 2018, according to the latest figures released by the Ministry of Finance. The surplus increase is attributed to the rise in the UAE Government’s revenues, which hit Dh455.5 billion in 2018, while expenditures totalled Dh388.147 billion. Earlier, the Federal Competitiveness And Statistics Authority announced that […]

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 […]