Monday , 18 February 2019

Business

Release of the IMF Departmental Paper on Scaling up Access to Finance for Small and Medium Enterprise in the Middle East and North Africa

Discussions will focus on how small and medium-sized enterprise financial inclusion is at the core of the economic diversification, growth, and job creation challenges many countries are facing The International Monetary Fund (IMF) will launch its departmental paper entitled Scaling up Access to Finance for SMEs in MENA in a seminar which will take placeat the American University in Cairo, …

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New startup mentorship programme aims to foster UAE-Africa cooperation

Dubai Chamber to host first-ever Chamberthon during Africa Tech Summit in Rwanda this week where startups will build a framework for a new mentorship programme Global Business Forum Mentorship Programme pairs innovative UAE and African startups with mentors who can provide valuable expertise, support and guidance Kigali, Rwanda: Startups from the UAE and Africa will participate in the first-ever Chamberthon …

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WARC launches Prize for MENA Strategy 2019

Prize is free to enter and is open to agencies, brand owners and specialists in any marketing discipline. WARC, the global authority on advertising and media effectiveness, is today launching the WARC Prize for MENA Strategy 2019, a search for the best strategic marketing thinking that has driven results in the Middle East and North Africa. Now in its third …

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Emerging technology giants confirm attendance for the inaugural Abundance 360 Summit in March 2019

Dubai hosts Inaugural Abundance 360 Summit in March 2019 Event held under the patronage of His Highness Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, Chairman of the Board of Trustees at Dubai Future Foundation. Dubai: A world-class speaker line up has just been announced for the signature Abundance 360 (A360) Summit, …

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Gartner predicts global IT spending to reach $3.8 trillion in 2019

Global IT spending is anticipated to increase by 3.2 percent and reach $3.8 trillion in 2019 due to growth in the cloud, Internet of Things (IoT), and data centre markets. According to Gartner, spending is shifting from mobile devices to the cloud and data centres. “Despite uncertainty fuelled by recession rumours, Brexit, and trade wars and tariffs, the likely scenario …

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UAE-based solar developer raises $65mln from global investors, eyes larger funding by 2020 – CEO

Yellow Door Energy plans to use proceeds to break into new Arabian Gulf and African markets Dubai-based Yellow Door Energy (YDE), a provider of solar energy solutions in the Middle East and Africa, has raised $65 million from international investors in Series A funding, its chief executive said. “We have five global investors that are funding this equity in Yellow …

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Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde on Egypt

The Egyptian authorities embarked on an ambitious economic reform program in 2016 that is being supported by an International Monetary Fund (IMF) financial arrangement Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: I would like to take this opportunity to commend the patience and commitment of the Egyptian people to the reform …

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Ghalya AlAli wins 2019 EY UAE corporate finance Woman of the Year Award

The EY initiative encourages female Emirati business students to consider careers in transaction advisory services (TAS) and corporate finance Ghalya AlAli, an Emirati female student from Zayed University, was announced as the EY UAE Corporate Finance Woman of the Year (CFWY) at an award ceremony held at the Youth Hub in Emirates Towers. Ghalya won from among a group of …

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Ministers assert UAE is establishing new model of sustainability, investing in advanced science and national talent

Sustainability is the way for the UAE to achieve its Centennial goals The UAE is establishing a new model of sustainability, investing heavily in advanced science and technology, and equipping national talents with the necessary skills to ensure optimal use of available resources, asserted Ministers from the UAE Government at a special ministerial session during Abu Dhabi Sustainability Week 2019. …

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Bahrain’s Investcorp, Coller form $1bln European private equity fund

The deal also includes fresh capital for any follow-on investments and future investments Bahrain-based alternative investment manager Investcorp said on Monday it was forming a $1 billion European private equity portfolio with Coller Capital. Investcorp, founded in 1982, is one of the oldest Middle Eastern private equity houses and is targeting $50 billion of assets under management over the medium …

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