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Sheikh Mohammed launches new programme for coders in partnership with top tech giants

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  Sheikh Mohammed said the programme aims to train and attract 100,000 coders and establish 1,000 digital companies within five years Sheikh Mohammed said the programme aims to train and attract 100,000 coders  and  establish 1,000 digital  companies  within five years It will seek to accelerate the adoption of digital applications and tools in various economic sectors by promoting close links and interaction between coders, public and private organisations, as well as academic entities. “Today we launched the National Program for Coders in collaboration with Google, Microsoft, Amazon, Cisco, IBM, Hewlett Packard Enterprise (HPE), LinkedIn, Nvidia and Facebook, with the aim of training and attracting 100,000 coders, establishing 1,000 digital companies within five years and increasing investment in startups from Dhs1.5bn to Dhs4bn,” Sheikh Mohammed said on Twitter. The programme will operate under the supervision of the UAE Artificial Intelligence Office. It wil...

UAE to allow 100 percent foreign ownership of companies from June

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DUBAI: The UAE will allow foreigners to start a company without an Emirati shareholder from next month. The change comes into effect from June 1, WAM reported. “The amended Commercial Companies Law aims at boosting the country’s competitive edge and is a part of UAE government efforts to facilitate doing business,” said Minister of Economy Abdulla bin Touq Al-Marri. Previously companies needed either to have an Emirati shareholder or be based in a dedicated business park known as a free zone. It was not immediately clear how the country’s many major free zones will now seek to attract new tenants, however some are already shifting focus. The Dubai Airport Free Zone Authority (DAFZA) said on Wednesday that companies trading with crypto assets could now obtain a business license in a new agreement that supports the mainstream use of blockchain technology. The free zone agreed with the Securities and Commodities Authority (SCA) to allow the regulation, offering, issuance, listing and trad...

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