Sunday , 19 August 2018

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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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UAE’s Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt

The Saudi market is so important and full of growth potentials and opportunities Shuaa Capital is seeking to collaborate with Saudi Arabia’s Jabal Omar Development Company (JODC) to launch and manage real estate investment funds in the Kingdom of Saudi Arabia. The partnership is directed towards managing the development and expansion of centrally located real estate hotspots across the Kingdom, …

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17 new international schools set to open in UAE this year

The number of international schools in the region has grown from only 1,159 in 2013 to 1593 in 2018 The market in the Middle East continues to expand, said an industry expert, noting that17 new international schools are opening for the 2018-2019 academic year in the United Arab Emirates, 13 of which are located in Dubai. “Most of the demand …

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Etisalat sells 28.04% stake in Thuraya for $37.32mln

The stake has been sold to Star, a subsidiary of Al Yah Satellite Communications Company Etisalat completed the sale of its stake in Thuraya Telecommunications company for AED137 million (US$37 million) to Star Satellite Communications, the UAE-based telecom firm said in a statement to the Abu Dhabi Securities Exchange Thursday. The stake has been sold to Star, a subsidiary of …

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Saudi Arabia appoints Apple co-founder Steve Wozniak as tech ambassador

Wozniak is considered as one of the most important minds that have changed the history of the world The Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) has named Apple co-founder Steve Wozniak as an ambassador for the creation of a “Saudi Tech Hub.” Saud Bin Abdulla Al-Qahtani, the head of the federation and an adviser to the Royal Court, …

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Krypto Labs announces EdTech Innovations Startup Contest 2018

$270,000 in funding will be awarded to the most innovative startups in Education Technology Abu Dhabi, UAE – In its continuous search for innovative ideas and concepts, Krypto Labs, the global business technology incubator with a unique ecosystem for funding ground-breaking startups, has set a global challenge by announcing its newest contest, the EdTech Innovations Startup Contest 2018, aiming at …

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Padmini Gupta on the app that aims to help improve the lives of low income workers in the UAE

In the latest of our Business For Good series highlighting the philanthropic work of business families, we speak to the founder of the Rise app aimed at improving the lot of the UAE’s domestic workers When an earthquake shook Nepal at noon on Saturday, April 25, 2015, it killed nearly 9,000 people and ruined the lives of more than eight …

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Dubai Technology Entrepreneur Centre to host AngelHackathon Dubai Hackathon 2018

The Dubai edition will run on August 3 and 4, 2018 Dubai Technology Entrepreneur Centre (Dtec), DSOA’s wholly owned technology startup center that is the largest of its kind in the Middle East, today announced that it will host the Dubai edition of AngelHack’s Global Hackathon Series 2018. Conceptualized by AngelHack, a leading global entrepreneurial community based in San Francisco, …

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UAE stocks attract foreign investors as H1 results continue

By Zawya- Mahmoud Gamal, Mubasher Listed-stocks have recently hit record highs on the back of the interim financial results The UAE stock markets are currently gaining accumulations by foreign investors as listed-stocks have recently hit record highs on the back of the interim financial results, analysts told Mubasher. Most institutional investors in the UAE’s twin bourses were buyers during Sunday’s …

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