UAE. Dubai expects two of its main companies to refinance debt this year without government help as economic growth accelerates. "I'm very confident they will manage to sort out these issues on their own," Mohammed Al Shaibani, director general of the Dubai ruler's court, said.
UAE. The Dubai Innovation Index is the first-of-its-kind focusing on emerging cities; Dubai occupies 16th position among the world's 28 leading innovation-driven cities while the city ranked 11th in the world for its efficiency in innovation outputs; Medical care, media, marketing, IT, retail and industrial sector are the most innovative sectors.