Two markets have been brought together with the formation of the new Dubai Science Park. TECOM group has joined the Dubai Biotechnology and Research Park with the Energy and Environment Park to form DSP. Marwan Abdulaziz, Executive Director of Dubai Science Park says this new park will help create jobs.
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Abdulaziz adds that this park has also been formed to achieve greater innovations and serve the wider business community.
Ride-hailer Careem to suspend decade-old Pakistan service
Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges, rising competition and capital constraints, ending its core business in a country where it helped pioneer app-based transport nearly a decade ago.
Dubai International Chamber opens representative office in Toronto
Dubai International Chamber has launched a new representative office in Canada's Toronto, as it aims to bolster economic ties and explore avenues of increased investment between Dubai and Canada.
US and UK announce a trade deal, but steel imports unresolved
US President Donald Trump has signed an agreement formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.
CBUAE fines exchange house AED 10 million, cancels licence
The Central Bank of the UAE (CBUAE) has revoked the licence of Sundus Exchange and removed it from its official register.
Trump Organisation launches mobile phone service, handset
The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signalling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.
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