Friday , 17 August 2018

Business

Will the next cryptocurrency revolution be green?

Source: Zawya-Ammar Radhi   If bitcoin were a country, it would be 41st in the world in terms of energy consumption, just behind Chile and Austria Last year’s bitcoin frenzy appears to have run its course. The cryptocurrency’s near-vertical ascent to more than $19,000 was followed by an equally precipitous decline as speculators fled the market as fast as they …

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Padmini Gupta on the app that aims to help improve the lives of low income workers in the UAE

In the latest of our Business For Good series highlighting the philanthropic work of business families, we speak to the founder of the Rise app aimed at improving the lot of the UAE’s domestic workers When an earthquake shook Nepal at noon on Saturday, April 25, 2015, it killed nearly 9,000 people and ruined the lives of more than eight …

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SAMA inks agreement with Monami Tech’s Award Winning Digital Lending Platform Lendme

Landmark announcement for both SAMA and Monami Tech Monami Tech enables consumer lending offering for SAMA with Lendme app Dubai, United Arab Emirates – Al Hail ORIX Finance PSC, Parent company of SAMA, has announced the signature of a formal agreement and the formation of a strategic partnership with UAE-based award winning fintech payments company Monami Tech. The primary aim …

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UAE stocks attract foreign investors as H1 results continue

By Zawya- Mahmoud Gamal, Mubasher Listed-stocks have recently hit record highs on the back of the interim financial results The UAE stock markets are currently gaining accumulations by foreign investors as listed-stocks have recently hit record highs on the back of the interim financial results, analysts told Mubasher. Most institutional investors in the UAE’s twin bourses were buyers during Sunday’s …

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UAE economy stays robust despite global headwinds

The UAE’s solid and diversified economy has softened the effects of both lower oil prices and weakened global demand for trade. This will also lead to prosperous years ahead for the UAE economy, according to a new report from the Dubai Chamber of Commerce and Industry (Dubai Chamber). In addition to increased confidence, the UAE’s economic outlook is buoyed by …

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UAE and China: Business and trade deals signed during the historic visit

The United Arab States and China have signed more than a dozen business and trade agreements and memoranda of understanding during a landmark visit by the Chinese President Xi Jinping to the UAE over the past three days. The agreements included an announcement on Friday that a Chinese state-owned financial services company would set up within Abu Dhabi’s main financial …

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UAE, China sign 13 agreements and MoUs

MoUs signed between the two countries with the aim to strengthen strategic partnerships and bilateral cooperation across various sectors His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President …

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Saudi’s growing e-commerce market offers global tech opportunities

Saudi Arabia’s e-commerce sector is set to explode, and the IT sector in the country will see increased demand as a result The battle for Saudi Arabia’s e-commerce market is hotting up, after US tech giant Amazon purchased Gulf retailer Souq.com last year, in a bid to spread its reach into the kingdom. Meanwhile, Saudi Arabia’s first homegrown mega e-tailer, …

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Thomson Reuters and SOURCEitHR sign partnership agreement to support SMEs in Jordan

Accelerate SME was launched by Thomson Reuters in partnership with Bank Al Etihad Accelerate SME, a comprehensive digital platform and resource center for small businesses in Jordan by Thomson Reuters and supported by Bank Al Etihad as a strategic partner, recently signed an agreement with SOURCEitHR, a subsidiary of MenaITech which provides human resource management outsourcing solutions locally and regionally. …

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DIFC’s Class of 2018: The new additions to Dubai’s main financial hub

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Dubai International Financial Centre (DIFC) has reported that the number of registered companies within the finance-focused free zone rose 8 percent to break through the 2,000 mark during the first half of 2018, with some of the new …

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