Friday , 17 August 2018

Business

ITFC Paves the Road to Innovation in Islamic Trade Financing

A Partnership with CISL to Shape the Future of Innovation Sustainability The International Islamic Trade Finance Corporation (ITFC) (ITFC-IDB.org), member of the Islamic Development Bank Group, and the University of Cambridge Institute for Sustainability Leadership (CISL), an academic institution within the University of Cambridge that builds sustainability leadership capacity to tackle critical global challenges, join together in  partnership  for shaping …

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Oriental opportunity: UAE seeks more trade with China

The United Arab Emirates Ambassador to the People’s Republic of China has said that he hopes the country will be able to double its trade with China over the next 10 years ahead of a three-day visit to the emirates later this week by China’s President, Xi Jinping. According to the UAE’s state news agency WAM, Dr Ali Obaid Al …

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Saudi Arabia gives SA energy sector $10bn boost

By – SAnews.gov.za A $10 billion investment pledge into the South African energy sector by Saudi Arabia is set to enhance energy security, create capacity and reduce the cost of energy in South Africa. The pledge was made during President Cyril Ramaphosa’s State visit to Saudi Arabia, which began on Thursday. “This commitment from the Kingdom is a demonstration of …

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UAE Exchange Rebrands its Africa Operations as Unimoni

Parent “Finablr” has announced plans to invest USD 100 million to expand its Africa operations over the next decade UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Africa operations as “Unimoni”. The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held in …

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China’s Xi pledges $20bln in loans to revive Middle East

The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said Chinese President Xi Jinping on Tuesday pledged a package of $20 billion inloans and $1.6 billion in financial aid to countries in the Middle East, as part of what he called an “oil and …

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SMEs contribute over half of Dubai’s new jobs – study

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Dubai’s small and medium enterprise (SME) sector contribute 52.4 percent of jobs created in the emirate and 47 percent of its economic output, according to a joint study between Dubai SME and Dubai Statistics Centre. Initiated during the …

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UAE Plans to Equip Students with Entrepreneurial Mindsets

Our Next Generation Will Lead UAE’s Economic Development, Lubna Al Qasimi Essaouira (Morocco) – H.E. Sheikha Lubna Bint Khalid Al Qassimi, President of Zayed University, affirmed the dedication of the United Arab Emirates’ leadership to transform the country into a prominent global destination for ease of business, innovation and entrepreneurship. “The UAE government aims to enable Emiratis to be a …

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Egypt’s start-ups face problems that hinder growth potentials: Cairo-based entrepreneur

“A Careem-like startup is very hard to be founded in Egypt”, Egyptian entrepreneur Mostafa Elshafey told Zawya By Yasmine Saleh, ZAWYA Young Egyptians with entrepreneurial ambitions face struggles on several fronts when trying to build their businesses, a Cairo-based entrepreneur has said. Young Egyptian entrepreneur Mostafa Elshafey, the ex-CEO and founder of the DCBEgypt direct billing platform, which was sold …

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Oman targets $15bln investments in tourism sector by 2020

Sultanate eyes public–private partnerships to develop tourism-related projects By Yasmine Saleh, Thomson Reuters Projects News Oman is aiming to raise $15 billion to invest in its tourism sector by the end of the decade, a top Omani official said adding that the government is hoping that 76 percent of the sum will be generated from the private sector. “We are …

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DED Ajman’s business confidence index score reaches 116 points during Q1 2018

‘The confidence of the investment community is driving us forward to reach the highest levels of economic competitiveness and leadership’ UAE – The Department of Economic Development in Ajman (DED Ajman) has achieved a remarkable business confidence index score of 116 in the first half of 2018, up from 109 points in the first half of 2016. The high score, …

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