Thursday , 24 January 2019

Business

Digital conference will gather more than 1,600 leaders and entrepreneurs in Riyadh

For the sixth year in a row, ArabNet Riyadh — the largest and most influential digital conference in the Kingdom — is gathering more than 1,600 regional/international digital professionals, leaders and entrepreneurs, to discuss the digital future in the region. The conference, which will be held December 11-13 at the Burj Rafal Hotel Kempinski, is hosted by King Abdul Aziz …

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New taxes need not affect UAE’s ease of doing business – expert

MENA countries achieve better scores in Paying Taxes report due to lighter tax regimes in many Gulf states The United Arab Emirates’ position in the annual Paying Taxes rankings compiled by the World Bank and PwC will not be impacted by the introduction of new forms of taxation if they are implemented smoothly, according to an expert . Speaking at …

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Fear of failure holding back potential UAE entrepreneurs

Saudis have higher rates of entrepreneurial activity but few fledgling firms survive Entrepreneurs in the United Arab Emirates have a higher fear of failure than in any other nation in the Middle East and North Africa (MENA) region, according to a new report. The MENA Regional report published by Global Entrepreneurship Monitor, a research body which studies countries’ approach to …

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UAE central bank to set up cybersecurity department for financial institutions – governor

By Nada Al Rifai UAE central bank governor said a minimum set of standards for cybersecurity controls will be established in coordination with the National Electronic Security Authority The central bank of the United Arab Emirates has taken a set of decisions to mitigate cyber-risks that are likely to increase with the digitalisation of financial services, its governor said today. …

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Middle East jobs growth was strongest in the legal and banking and financial services sector

Middle East jobs growth was strongest in the legal and banking and financial services sector. Job vacancies for professionals across the Middle East increased by 5.5 per cent between the second and third quarter of 2017, the latest Robert Walters Middle East Jobs Index has revealed. Jobs growth was strongest in the legal and banking and financial services sector at …

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UAE ready to become world’s future capital: Sheikh Mohammed

The future is easy to forecast when countries embrace data and technological advances and use them for development, Sheikh Mohammed said The UAE has what it takes to become the world’s future capital, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. “It has kept pace with technology and …

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7th edition of the Orange Social Entrepreneur Prize in Africa and the Middle East, Prize List 2017

A new feature in this year’s 7th edition was a national phase during which each of Orange’s 17 subsidiaries in Africa and the Middle East taking part in the contest studied the projects submitted in their country and appointed local winners. Yesterday Orange (www.Orange.com) announced the winners of the 7th Orange Social Entrepreneur Prize 2017 in Africa and the Middle …

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DP World keen to explore new investment opportunities in Africa

DP World pushes ahead with its long-term strategy focusing on the continent. DP World is looking for new investment and expansion opportunities across Africa, as it pushes ahead with its long-term strategy focusing on the continent, the company’s Senior Vice President and Managing Director for the UAE Region Mohammed Al Muallem told delegates on Thursday at the fourth Global Business …

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Expo 2020 Dubai, Unido to deliver development goals

Both organisations signed a MoU to work together on some of the targets for 2030 by exploring initiatives. Expo 2020 Dubai is set to work with the United Nations Industrial Development Organisation, UNIDO, to promote entrepreneurship and investment around the world to help realise the UN’s Sustainable Development Goals, SDGs. The two organisations signed a Memorandum of Understanding, MoU, on …

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Saudi fund agrees plan to invest in Virgin space ventures

Saudi Arabia’s Public Investment Fund plans to invest about $1 billion in Richard Branson’s space company, Virgin Galactic, and sister companies The Spaceship Company and Virgin Orbit, according to a joint statement published on Thursday. “This investment will enable us to develop the next generation of satellite launches and accelerate our programme for point to point supersonic space travel,” the …

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