ABU DHABI / WAM Hub71, Abu Dhabi’s tech ecosystem on Monday launched the region’s first ‘Microsoft Reactor Programme’ as it further expanded its ecosystem to 35 innovative startups with the announcement of 17 winners of the Hub71 Incentive Package. As part of its strategic partnership with Microsoft, Hub71’s Microsoft Reactor programme will be a centre for technical learning and knowledge-sharing ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE), announced on Monday that it has signed a $300 million four-year unsecured term loan with China Construction Bank DIFC Branch, and China Construction Bank (Asia) Corporation Limited. The principal amount of the loan can be increased to $500 million. The loan will support the future financing needs of the business. Commenting on the ...

Abu Dhabi / WAM The UAE’s two main bourses maintained their significant gains for the second straight day, with the market cap of the trading companies hitting AED6.4 billion during the two sessions of Monday and Sunday. Driven by the banking heavyweights, Abu Dhabi Securities Exchange General Index spiked to 5,213 points, an increase of 0.76% compared to the previous ...