Dubai’s Ras Al Khor area is growing into a major hub for new businesses.
That’s according to the Department of Economic Development (DED), which says 1,765 companies are currently operating in the location, while the number of investors exceeds 8,200, of whom 6 per cent are women entrepreneurs.
Most of the investors are UAE nationals, followed by Indians, Pakistanis and Jordanians.
Their activities are mainly focused on food trade, contracting, transport and automobile repair.
Masdar to develop Southeast Asia’s largest floating solar plant
Abu Dhabi Future Energy Company – Masdar has announced its first project in Malaysia, with the signing of a power purchase agreement (PPA) to develop a 200-megawatt floating solar photovoltaic project at the Chereh Dam in Pahang State.
New York Times reporter sues Google, xAI, OpenAI over chatbot training
An investigative reporter and author has sued Elon Musk's xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence systems.
New Zealand concludes FTA with India with aim to double trade
New Zealand and India said on Monday they had concluded talks on a free trade deal that would help to double bilateral trade over the next five years.
Mubadala partners with Actis to invest over $350 million in Rezolv Energy
Mubadala Investment Company has committed around €300 million (around $351.5 million) to partner with leading growth market sustainable infrastructure investor Actis in Rezolv Energy, a rapidly scaling independent renewable energy platform in Central and Eastern Europe.
World Bank approves $700 million for Pakistan's economic stability
The World Bank said it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
