AED 2 billion fund launched to finance innovation projects

Wednesday, 25 November 2015 07:41

A new AED 2 billion fund has been launched in the UAE to finance innovative and commercially viable projects. The 'Mohammed bin Rashid Innovation Fund' aims to help entrepreneurs turn their ideas into reality by improving access to loans. It’s managed by the Ministry of Finance, in collaboration with local banks, investment funds, family businesses and other funding entities. Eligible applicants are required to register their project as intellectual property and the venture must be at an early stage. Priority will go to renewable energy, transport, education, health, technology, water and space sectors. The fund’s pilot phase will be operational in the first half of 2016.

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Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has held separate meetings with Bangladeshi Prime Minister, Tarique Rahman, and Comoros President, Azali Assoumani, in New York.
High-level Saudi delegation offers condolences to H.H. Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, received condolences from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on the passing of Sheikh Ahmed bin Rashid Al Maktoum.
Sharjah Police refutes reports of murder victim's family going missing
Sharjah Police have denied media reports claiming that the wife and son of a murder victim went missing after the crime was reported, adding that they returned to their home country following completion of the investigation.

AED 2 billion fund launched to finance innovation projects

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