UAE sets up legal system for venture capital funds  - GN Headlines - video Dailymotion

Gulf News

Daily headlines from the UAE and around the world brought to you by Gulf News. UAE sets up legal system for venture capital funds. Senior member of Israeli embassy staff in UK secretly filmed saying he wants to “take down” Foreign Office Minister Sir Alan Duncan. Novak Djokovic wins Qatar Open title in three-set thriller. Hollywood’s elite head for the red carpet tonight for the Golden Globes.  See more at: http://gulfnews.com/gntv

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00:00Good day. Welcome to the Gulf News Update for Sunday, January 8. Here are the top stories

00:07at this hour.

00:08The UAE government has announced the establishment of a legal system for venture capital funds.

00:14The move comes as part of the first batch of government accelerator projects launched

00:18last year by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and

00:23Prime Minister of the UAE and ruler of Dubai.

00:26Removing the fine print governing venture capital funds is the result of a strong partnership

00:31between the public and private sector, said Sultan bin Saeed Al Mansouri, Minister of

00:36Economy.

00:37A senior member of the Israeli embassy staff in the UK was secretly filmed saying he wanted

00:42to take down Foreign Office Minister Sir Alan Duncan. Sir Alan, who has been critical of

00:47Israel, was seen as more of a problem than Foreign Secretary Boris Johnson, who was quote

00:53unquote, basically good, according to a transcript of the conversation.

00:57He just doesn't care. He's an idiot, but has become Minister of Foreign Affairs without

01:02any responsibilities, says the transcript.

01:05In sport, Novak Djokovic brought world number one Andy Murray's 28-match winning streak

01:10to an end in Doha last night to retain the Qatar Open title in a three-set thriller.

01:15Djokovic won 6-3, 5-7, 6-4 in an action-packed match between the two best players in the

01:22world lasting almost three hours.

01:26Hollywood's elite head for the red carpet tonight for the Golden Globes, the launch

01:29of the entertainment industry's awards season.

01:32Leading the pack this year is Damien Chazelle's La La Land, a nostalgic tribute to the golden

01:37age of Hollywood musicals that picked up seven nominations.

01:41Barry Jenkins' coming-of-age tale Moonlight got six nominations, including for the director

01:46and cast members Naomi Harris and Mahershala Ali.

01:51And finally, weather. Today's high across the UAE will be 24 degrees Celsius, dropping

01:56to 16 degrees at night.

01:58That's all for now. Thanks for watching, and as always, you can get the latest news

02:02at gulfnews.com.

UAE sets up legal system for venture capital funds - GN Headlines

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