"Crowdfunding is one of best tools to support financing of innovative business ideas," said the Dubai ruler Sheikh Mohammed bin Rashid
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DUBAI- The United Arab Emirates' cabinet authorized the use of crowdfunding by both public and private sectors, the state news agency WAM said on Monday
"Crowdfunding is one of the best tools to support the financing of innovative business ideas... and it will open a door for young people and entrepreneurs," said the Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, as cited by WAM.
(Reporting by Ahmed Elhamy; Writing by Lina Najem; Editing by Toby Chopra)
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