Business

Roel Wolfert Believes ‘Blockchain technology can transform the MENA region’

The cryptocurrency ecosystem has been focussed on achieving mainstream recognition, for which much cryptocurrency organizations have been striving to cater to the vast majority of geographical regions across the globe. Ripple with its efficient system for cross border transactions has been following the said aspiration and blog by Roel Wolfert, Managing Partner at VGrip titled “How Blockchain Will Help Banks …

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Trade and connectivity in Dubai

Trade, connectivity make millionaires flock to Dubai Approximately 2,000 HNWIs, each with at least $1mln worth of net assets, moved into the UAE in 2018 UAE – To prioritise its residents’ and citizens’ happiness is part of the UAE’s policies, making it a global hub for businesses, said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. …

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MENA summit to rewrite the future of HR

The 5th Annual HR Tech MENA Summit returns this year with MetLife, one of the world’s leading financial services companies and a pioneer of innovative employee benefits in the UAE, to discuss latest technology trends, innovations and disruptive ideas that are changing the workplace. With an aim to achieve workplace wellbeing and excellence and pave the journey for digitization and …

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Can banks do more to support SMEs in the UAE?

SMEs are the backbone of the UAE’s economy, accounting for around 94%of businesses in the country Against a backdrop of geopolitical and economic instability, the financial services industry has a crucial role to play in helping SMEs navigate a challenging climate. Beyond simple financing products, banks can support SMEs by providing a broader range of tools to enable them to …

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Mideast needs more technology and jobs

The fact that technological advancement is outpacing the promulgation of laws and regulations to govern it is a universal issue, but is even more pronounced in the Middle East. With the technologies of the Fourth Industrial Revolution raising expectations of efficiency and productivity – along with concerns of constant disruption – no entity can remain competitive with a “business as …

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Foreign Minister to participate in the World Economic Forum on the Middle East and North Africa

In the course of the event, a high-level debate is planned on the future of the region, as well as on security, social and economic challenges and opportunitiesOn 6 and 7 April 2019, Foreign Minister Edgars Rinkēvičs will represent Latvia at the World Economic Forum on the Middle East and North Africa in Jordan. In the course of the event, …

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The First Fintech for Sustainability Hackathon launched by BENEFIT in MENA region kicks off with 50 participants

The goal of the hackathon is to create awareness on how to leverage financial technologies to accelerate progress on the SDGs The first “BENEFIT Fintech Hackathon for Sustainability” in the MENA Region hosted by Bahrain Fintech Bay in partnership with The Manama Hub of the Global Shapers Community officially kicked off with 50 participants. Strategic Partners include the Central Bank …

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The Middle East needs a technological revolution. Start-ups can lead the way

Globally, economies with agile ecosystems that are equipped with the infrastructure to support innovation in technology are witnessing a revolution. In order for governments, large-scale multinationals and new start-ups to take advantage of this revolution, the right support systems and regulations must be in place. And the movement of data needs to be low-cost and flexible. Nowhere is this more …

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Businesses in Middle East not future-workforce-ready

Not doing enough to develop future-proof capabilities within their organizations Business leaders across the region, by their own admission, are not doing enough to develop future-proof capabilities within their organizations, PwC’s latest report “Middle East Workforce of the Future” revealed. Building on its survey and interviews of HR and business leaders across the region, the report found that those capabilities …

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MENA eyes $2.3bln investment in smart cities tech by 2021

Public-private partnerships seen as key force that will help accelerate such undertakings in region Investments in technologies enabling smart cities in the Middle East and Africa (MEA) region is expected to hit the $2.3-billion mark by 2021 as per the estimates of International Data Corporation. Given that large funding is needed to build smart cities, public-private partnerships (PPPs) are seen …

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