A long-awaited bankruptcy law could be finalised by late 2016, the UAE's Economy Minister has said. His Excellency Sultan bin Saeed Al Mansoori said investment legislation being drafted would permit majority foreign ownership of companies in certain sectors. Under current rules, bounced cheques and unpaid loans can land business owners in jail. The measure is expected to help smaller firms in particular to manage their debt more responsibly.
Microsoft says consumer products services fully recovered
Microsoft said its consumer products services had fully recovered at 4:10 pm UTC on Friday (1610 GMT), while it was seeing some sustained recovery for its Microsoft 365 enterprise services.
Microsoft's global outage eases after disrupting businesses, governments
A global outage of Microsoft Outlook and Teams was easing on Friday after nearly 24 hours of chaos that crippled online communications, forcing some organisations to revert to fax.
Dubai Investments reports AED 1.13 billion profit before tax
Dubai Investments has reported profit before tax of AED 1.13 billion for the first nine months of 2026, up from AED 1.10 billion during the same period last year.
Dubai retains position as leading maritime city
Dubai has retained its position as the Middle East's leading maritime city and ranked 12th globally in the 2026 Leading Maritime Cities report by DNV and Menon Economics.
Nvidia CEO Jensen Huang steps down
Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.
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Pinoy Expat Corner
In the fight against cancer, how important is having a strong support system—family, friends, and the community?
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Pinoy Expat Corner
What should beginners know before getting into off-roading? What type of vehicle is ideal for off-road adventures?
