Abu Dhabi / WAM UAE holidaymakers are putting themselves at increased risk of facing serious financial repercussions by not taking measures to adequately cover themselves in the event of a travel emergency, experts warned. Describing community awareness about travel insurance in the UAE as “probably among the lowest in global markets”, Phil Ashkuri, Head of General Insurance at Nexus Group, …

  Economists like to tell a possibly apocryphal story about Milton Friedman. The prophet of free markets, visiting an Asian country in the 1960s, witnessed a public-works project that had people making a road with picks and shovels. When he asked why they didn’t use earth-moving machines instead, a local official responded that the goal was to provide people with …

  Earlier this year, the Thai government announced its desire to create an economy of fresh new businesses through a 20 billion baht ($555 million) fund. Its stated goal was to “increase the number of startups in Thailand to 10,000 by 2018,” Information and Communication Technology Minister Uttama Savanayana was cited as saying in April, according to the Bangkok Post. …