Bloomberg A rally in emerging-market assets ran out of steam after a Federal Reserve official said markets are underestimating the likelihood of a U.S. rate increase this year. The MSCI Emerging Markets Index surrendered a ninth day of gains after New York Fed President William Dudley said borrowing costs could go up as soon as next month. The currency gauge …

  Dubai / Emirates Business The Dubai Future Accelerators (DFA) programme received an unprecedented number of submissions for the first cycle of its programme, which begins September 12. Over 2,200 companies from 73 countries, on all 7 continents, applied to be a part of the first cycle of the program; including one submission from scientists in Antarctica! Applications poured in …

  Dubai / Emirates Business HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited the Mohammed bin Rashid Solar Park (MBRSP), in Seih Al-Dahal, Dubai. The Park’s ongoing projects support the Dubai Clean Energy Strategy 2050, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE …