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Middle East: How banks can grasp a $350 billion opportunity

The question of how to serve micro, small and medium enterprises (MSMEs) in emerging markets is not new – so why are we writing about this now? A new report by McKinsey & Company’s financial services practice shows that there is an interesting opportunity for banks and others to achieve a step change in their approach to MSMEs, in light …

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EastNets Anti-Money Laundering Software Wins 2012 Kinetic Process Innovation Award

NEW YORK, NY and DUBAI, UNITED ARAB EMIRATES, Mar 05, 2012 (MARKETWIRE via COMTEX) — EastNets, a leading global provider of compliance and payments solutions, announces today that it has received the 2012 Kinetic Process Innovation Award for excellence in the Banking Technology category. Now in its 16th year, the awards program recognizes excellence in information technology and this year …

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Takaful Emarat launches Shariah-compliant investment fund

Dubai, UAE, March 5, 2012 – Takaful Emarat, the UAE-headquartered Shariah-compliant life and health insurance company, is joining forces with Saudi Arabia’s Riyad Capital to launch a new Shariah-compliant, capital-protected global equity investment fund. Having endorsed further rapid growth this year in the takaful sector at the recent Eighth Middle East Insurance Forum in Bahrain, Ghassan Marrouche, Chief Executive Officer at Takaful Emarat, …

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Emirati companies to implement service projects in seven Iraqi provinces

BAGHDAD – Twenty three companies from the United Arab Emirates seek to implement various service projects in seven Iraqi provinces, said the Ministry of Municipalities and Public Works today. The media adviser for the ministry Jassim Mohammed told AKnews that the companies will implement water purification plants, streets paving and sewer pipes in the provinces of Dhiqar, Basra, Kirkuk, Missan, …

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Now is the time for science diplomacy in the Arab world

Science cannot resolve political conflict. But scientific cooperation can have a key role in maximising post-conflict opportunities. In his annual State of the Union address, delivered in Washington DC last month, US President Barack Obama spoke strongly about the need to promote science-based technologies to “protect our planet, and create countless new jobs for our people”. His words have significance …

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Tunisia: Start Up Index – Unleashing the Potential of Local Innovation

Where do the most game-changing innovations occur? Sometimes, they don’t germinate in the executive boardroom but rather in a small company or even a garage. Think back to the humble beginnings of Apple’s Macintosh. The African Development Bank (AfDB) is looking to galvanize Tunisia’s entrepreneurial ecosystem with a particular focus on small IT businesses in its latest initiative to establish …

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Victorians Connect For Business In The Middle East & North Africa

The Victorian Connection, a Victorian Government initiative to develop investment and trade opportunities in global markets, was launched today in Dubai by the Minister for Innovation, Services and Small Business, Louise Asher.

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Egypt’s scientists savour post-revolution year

[CAIRO] Scientists have been reflecting on the astonishing gains that the Egyptian revolution has delivered them, as the first anniversary of Egypt’s Tahrir Square uprising approaches next week (25 January).

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Maroc Telecom deploys fiber cable to Spain

Moroccan mobile operator Maroc Telecom announced on Tuesday that it has begun deployment of an international high speed fiber optic cable between the North African country and Spain.

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IFC Pharmaceutical Investment Supports Better Healthcare N Africa

IFC, a member of the World Bank Group, is providing up to $110 million in debt financing to Hikma Pharmaceuticals PLC to help improve access to high-quality generic medicines in the region.

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