In line with the UAE?s position as a primary destination for international investors and a global talents, the UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has adopted a new system of entry visas for investors and professional talents providing them with a long-term visa for up to 10 years
Technology
Eaton?s updated Tofino security solution adds fibre optic capabilities, simplifies set up
Power management company Eaton has released updated versions of its Tofino industrial Ethernet security solution
Dubai Judicial Institute holds workshop to tackle virtual currency use in terror financing
The Dubai Judicial Institute (DJI), along with In cooperation with the US Department of Justice, held a workshop to tackle the use of virtual currencies in terror financing and money laundering
GIB capital advises Saudi Tabreed on the investment by IDB infrastructure fund II
GIB Capital, the investment banking subsidiary of Gulf International Bank (GIB), has advised Saudi Tabreed District Cooling Company on the private placement of a significant minority stake in Saudi Tabreed to IDB Infrastructure Fund II
Moody's expects Saudi spending cuts to slow non-hydrocarbon GDP growth
Rating agency Moodys said that Saudi Arabias efforts to reign in spending would slow the growth of its non-hydrocarbon sector, seen as an important step in diversifying the economy away from oil revenues