Monday , 22 January 2018

Business

Almas Jiwani Joins Heads of State & Leaders at the Africa 2017 Forum in Egypt

Almas Jiwani will join heads of state and government as well as high level business leaders, officials and policy makers in Africa and the world in order to discuss a wide range of business and development issues in the continent and to engage with some of Africa’s most important economic partners and stakeholders at the Africa 2017 Forum, held under …

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Sale of the century? $300bln Saudi state sell-off moves slowly

Privatisation critical to economy in era of cheap crude. DUBAI/RIYADH: Saudi Arabia’s $300-billion privatisation programme was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail’s pace, bankers, investors and analysts familiar with the process say. The main problems they cite are …

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Challenges may come, but UAE’s ready for it

UAE’s resilience puts it on track to double economic growth in 2018 The UAE economy, resilient to global and regional headwinds, has been on a steady rebound in 2017, despite predictions of a slowdown in economic growth elsewhere in the region. Economists and analysts predict that the UAE – marking its 46th year as one of the fastest-growing economies in …

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The Big 5: Robots, 3D printing aren’t feasible yet due to cheap labour costs – construction experts

Traditional forms of construction are still the norm in the Middle East as the low labour costs means there is no major incentive to adopt new innovative methods From Burj Khalifa to twisted towers, the Middle East is famous for its outlandish skyscrapers and buildings, constantly pushing the boundaries of architecture and engineering. Despite this, the construction process to bring …

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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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