Saturday , 20 October 2018

Business

UAE insurtech start-up Aqeed makes splash with advertising blitz

CEO says Aqeed’s shareholders, which include companies specialising in reinsurance and media buying, bring more than money to table For a start-up, insurance technology (insurtech) firm Aqeed has succeeded in making itself well-known since launching across the United Arab Emirates in April. Many UAE residents may still be unsure as to the purpose of the Dubai-based company, which raised $18 …

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UAE’s Khalifa Fund calls entries for entrepreneurs contest

Pitch@PalaceGCC to encourage innovation among the youth and promote SMEs. Khalifa Fund for Enterprise Development is inviting creative entrepreneurs to participate in the second edition of ‘Pitch@PalaceUAE’ and the first edition of ‘Pitch@PalaceGCC to encourage innovation among the youth and promote SMEs. Pitch@Palace plays a vital role in supporting innovative enterprises and ideas at the local and regional levels, with …

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Saudi PIF in talks to invest in aspiring Tesla rival Lucid

The talks between privately-held Lucid Motors and PIF underscore the latter’s appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom’s investment portfolio By Dasha Afanasieva, Harry Brumpton, Reuters News PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his …

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Qatar the most entrepreneurial Arab state – Competitiveness Report

Country scores highest of the Arab states on a global index compiled by the IFC, World Bank and the World Economic Forum By Yasmine Saleh, ZAWYA Qatar has the healthiest entrepreneurship ecosystem in the Arab world, according to the new Arab Competitiveness Report 2018. The report, compiled by the International Finance Corporation (IFC), the World Economic Forum and the World …

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Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report. However, a number of countries are innovating and creating new solutions to previously existing …

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Mideast jobseekers prefer online engagement with firms: Survey

Demanded by 94.7% of the region’s job seekers By Staff Writer, TradeArabia Engaging with potential job seekers online is positive for a company’s employer branding and is demanded by 94.7 per cent of the region’s job seekers, according to poll conducted by Bayt.com, a leading job site in the region. Two-thirds of these job seekers (66.5 per cent) said they …

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Cheaper medicine?: New generic drug rules in Abu Dhabi will boost market, but wider integration requires public awareness – analyst

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day By Yasmine Saleh, ZAWYA A recent decision in Abu Dhabi aimed at increasing demand for generic medicine – drugs that use formulas similar to branded drugs, but sold at cheaper prices – needs time to gain public acceptance …

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All quiet on the investment front?: Middle East venture capital funding lower, but market conditions remain positive, funders say

The $112 million raised in VC funding by Mena firms is lower than 2016 and 2017 when big bets were made on Souq.com and Careem Still, Wajdi Ghoussoub, associate director of venture capitalist firm Middle East Venture Partners (MEVP), did not think that the lower value of money invested was an issue for concern. In response to questions by email, …

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Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles Federated Investors, Inc., one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy …

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Cryptocurrencies and their place in mainstream finance

Has the world of money changed and will continue to do so? Cryptocurrencies are now irrefutably part of mainstream finance. They are capturing our focus more than ever before during a time when financial technology is taking centre stage. Major digital currencies such as Bitcoin, Ethereum, XRP, Lite and Dash are being thrust into the world of mainstream finance at …

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