DUBAI / WAM Dubai International Financial Centre (DIFC) announced the launch of a $100 million FinTech-focussed fund to accelerate the development of financial technology by investing in start-ups from incubation through to growth stage, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC. The fund was announced during ...

DUBAI / Reuters The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from US missile maker Raytheon Co. in a deal worth AED2.5 billion ($684.4 million). The GBU-10 and GBU-12 Paveway laser guided bomb kits were the largest part of AED3.34 billion in deals announced by the US ally at the Dubai Airshow. The UAE ...

ABU DHABI / Emirates Business Mubadala announced plans for its Aerospace, Renewables & ICT platform to invest a further AED82.5mn in Research and Development (R&D) over the next five years. The funding will be used to accelerate several innovative technology development projects that focus on differentiating concepts from the Fourth Industrial Revolution, including 3D printing, digital manufacturing and advanced materials. ...