I’d mentioned in a previous post that one of the key elements missing from the startup ecosystem in Dubai was the ability to fail due to outdated and immature insolvency laws. Good news came out today that just brought us one small step closer to a stronger ecosystem: “New bankruptcy law to be announced in the UAE within months.”
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The time is right to create value at the sme level, create an ecosystem that incubates startups, make Dubai a globally-attractive place for top minds to start their new technology businesses, and create new momentum for Dubai outside the declining property boom and alongside the draw of tourism.
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