ArabBrains http://arabbrains.com MENA Education Innovation Technology Investment Networking Events News Social Media Blogs Sat, 24 Sep 2016 06:35:57 +0000 en-US hourly 1 B.E.A.T.S Foundation invites globally renowned speakers to the UAE for a Leadership Summit http://arabbrains.com/2016/09/23/b-e-t-s-foundation-invites-globally-renowned-speakers-uae-leadership-summit/ http://arabbrains.com/2016/09/23/b-e-t-s-foundation-invites-globally-renowned-speakers-uae-leadership-summit/#respond Fri, 23 Sep 2016 10:38:14 +0000 http://arabbrains.com/?p=17944 .

The two-day leadership summit will see Dr. Marshall Goldsmith, World’s number 1 executive coach; Mr. Arthur F Carmazzi, World’s number 9 Leadership Guru; Mr. Fons Trompenaars, Worlds renowned cultural coach; and Mr. Tom Abbott Asia’s Renowned Sales coach.

B.E.A.T.S is a platform evolved from the industry and regional needs addressing the challenges and opportunities which industries face.

Our research displays top challenges as Leadership, Employee Engagement, Organizational Culture & Sales Accountability.

The workshop to be held on the 23rd and 24th November, 2016 at the Jumeriah Beach Hotel in Dubai is a hands-on workshop to create a new wave to excellence & sustainability in the ever changing dynamic business scenarios.

B.E.A.T.S Foundation, a platform evolved from the industry and regional needs to create more in less, is hosting a hands-on workshop at the Jumeirah Beach Hotel in Dubai, to address the current challenges that industries face on 23rd and 24 November, 2016. The two-day Leadership Summit will see globally renowned speakers such as Dr. Marshall Goldsmith, World’s number 1 executive coach; Mr. Arthur F Carmazzi, World’s number 9 Leadership Guru; Mr. Fons Trompenaars, Worlds renowned cultural coach; and Mr. Tom Abbott, Asia’s renowned sales coach.
This interactive workshop will begin with a unique discussion on the challenges that come with success in leadership and demonstrate how to use ‘what to stop’ in coaching.

Founding Partner, Mr. Vikrant Patil, from VINSYS said, “We are extremely pleased to host the upcoming leadership summit B.E.A.T.S along with extremely influential and experienced speakers who have made a difference in the modern world, through their research and experience. Each of these speakers is shortlisted, post extensive market research and understanding the current need of the various industries in the region.”

Strategic Partner, Mr. Ram Ganglani, from Right Selection said, “Our research has proved that there is a high need for leadership keynotes by Global thought leaders in the region. I am looking forward to these globally celebrated personalities and thought leaders to provide valuable learning experiences through this hands-on workshop. We see this as a great opportunity to aligning ourselves with the regions new plan to build the country’s knowledge economy.”

Dr. Marshall Goldsmith is a world authority in helping successful leaders achieve positive, lasting change in behaviour: for themselves, their people and their teams. He was recently recognized as one of the fifteen most influential business thinkers in the world in the global bi-annual study sponsored by The (London) Times and Forbes.

Ranked as one of the Global Top 10 most influential Leadership Gurus by Gurus International, Arthur F. Carmazzi has 21 years’ experience specializing in psychological approaches to leadership and corporate culture transformation. He is also, a bestselling author with book titles like: “The 6 Dimensions of Top Achievers”, “The Colored Brain Communication Field Manual”, “Identity Intelligence”, “Lessons from the Monkey King” and “The Psychology of Selecting the RIGHT Employee”.

Fons Trompenaars is listed as one of the world’s most influential, living, management thinkers and has been awarded the International Professional Practice Area Research Award by the American Society for Training and Development (ASTD) for his work as a consultant, trainer, motivational speaker and author of various books on all subjects of culture and business.

Tom Abbott is Asia’s Renowned Sales coach, motivational speaker, thought leader, and a pioneer of evolving the sales and sales leadership processes of organizations worldwide. A regular contributor to Singapore Business Review and Singapore Marketer, he has been featured in The Singapore Straits Times and interviewed on radio 938LIVE. He is the author of ‘The SOHO Solution’ and ‘Social Selling’.

With this summit, B.E.A.T.S aims to create a global learning community of learners and thought leaders worldwide to show their experiences and create a holistic approach towards learning and growth.

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Slovenia Confirms Participation in Expo 2020 Dubai http://arabbrains.com/2016/09/23/slovenia-confirms-participation-expo-2020-dubai/ http://arabbrains.com/2016/09/23/slovenia-confirms-participation-expo-2020-dubai/#respond Fri, 23 Sep 2016 09:06:22 +0000 http://arabbrains.com/?p=17941 Dubai Expo 2020The Republic of Slovenia is announced as the latest nation to officially sign up to Expo 2020 Dubai in exchange of letters at the Dubai Chamber of Commerce.

His Excellency Sultan Al Mansouri, UAE Minister of Economy, met with His Excellency Zdravko Počivalšek, Slovenian Minister of Economic Development and Technology, on Thursday for an exchange of letters to officially confirm Slovenia’s commitment to participate in Expo 2020 Dubai.

Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, and Director General Bureau Expo Dubai 2020 said: “I am delighted that Slovenia has confirmed its participation so early in the process. We look forward to working closely with Slovenia throughout the journey to Expo 2020, collaborating on a great global showcase and forging a lasting economic legacy of closer cooperation.”

Slovenia enjoys long-standing ties and increasingly strong economic relations with the UAE. Minister Počivalšek, said that today’s meeting sets “the foundation for our cooperation over the next four years. Signing this letter of intent is an important step.”

As one of the earliest nations to sign up to participate in Expo 2020 Dubai, Slovenia will now begin the process of designing its national pavilion for the mega event, which is expected to attract 25 million visitors.

Hosting the World Expo will leave an economic legacy for the UAE. Expo 2020 Dubai is forecast to have a significant beneficial impact on the UAE economy, generating more than 17 billion Euros in gross value added, and supporting over 250,000 jobs. 20 per cent of Expo 2020 Dubai’s budget – comprising AED 5 billion (1.2 billion Euros) – will be allocated to SMEs as part of existing efforts to enhance SME integration into the Expo 2020 Dubai supply chain.

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Global Leader in Behavior Assessment, Talent Acquisition & Employee Engagement in Dubai to address CEO’s, Executives and Senior HR Leaders http://arabbrains.com/2016/09/23/global-leader-behavior-assessment-talent-acquisition-employee-engagement-dubai-address-ceos-executives-senior-hr-leaders/ http://arabbrains.com/2016/09/23/global-leader-behavior-assessment-talent-acquisition-employee-engagement-dubai-address-ceos-executives-senior-hr-leaders/#respond Fri, 23 Sep 2016 03:43:00 +0000 http://arabbrains.com/?p=17926 paradoxDr. Dan Harrison, International Leader and the founder of Harrison Paradox Technology to speak at “Elevate Performance Through Engagement”

  • Schedule: Knowledge Breakfast on October 11, 2016 at The Oberoi, Business Bay Dubai.
  • Brought to you by Project Purpose in Association with Pentapyramid LLC the Managing Partner of Harrison International in Middle East

Dubai – Dr. Dan Harrison, Dr. Dan Harrison, International Leader in Behavioral Assessment and the Originator of Harrison Paradox Technology is set to address business leaders and share the highlights of his unique assessment instrument and how behavioral preferences impact career choices and performance success.

Harrison Assessment’s Engagement & Retention Analysis is used by leading organizations worldwide to engage their best talent and enhance performance of teams. The tools provide actionable data, based on leading indicators of employee expectations, to plan and align optimal strategies that will motivate employees at the individual, group and organization levels.

His first professional engagement and visit to UAE is organized by Project Purpose, Dubai based Learning and Training Organization in Association with Pentapyramid LLC, Talent Management Solutions Provider & Managing Partner of Harrison International in Middle East.

According to the organizers, this is a perfect opportunity for pioneering CEO’s and Business Leaders responsible for acquiring and retaining best talent. Business Leaders, Department Heads, HR Leaders and Learning & Development Leaders across UAE and MENA Region are expected to participate in this informative, case study and Q/A style breakfast event.

The key takeaway of this Engagement analysis is a team analysis report; that works across levels and covers multiple levels and aspects of engagement of the entire team irrespective of number of employees with one assessment. It is one of the most cost effective tools to measure the engagement level in organizations and an ideal tool for HR Leaders.
Harrison Assessments Talent Solutions are in used by the most successful companies worldwide for:

  • Leadership & talent development programs
  • Talent acquisition
  • Creating a culture of engagement
  • Succession Planning

Your Takeaway and Learning Objectives:

  • Learn about the Eight Engagement Metric Categories by Harrison International
  • Identify gaps between employee expectations and motivators
  • Understand how HR can empower managers to engage and retain
  • Learn how managers can effectively engage and retain talent
  • Find out how employees can empower themselves to achieve their employment aims

Delegates Will Receive An Exclusive Access to Engagement Analysis Report

All the participants of the event will receive an exclusive preferred rate to access and use the Engagement Analysis Report for the entire organization. Please note that the assessment is for the entire organization regardless of the number of employees.

Get a teaser of Harrison Assessments: Senior HR Leaders and professionals can get a taste of Harrison Assessment in The Knowledge Breakfast event – Talent Management Solutions for Leaders on 28th September at The Oberoi Hotel, Dubai. The event is facilitated by Charles May, Managing Partner of Harrison Assessments and Author of “Are You VUCA Ready?”. Attendees will receive a complimentary Harrison Assessment link and 1 hour coaching session.

How to book your seat:

Call us on +971 555971333 or +971 564202064. Send your interest and all questions to Email:vibhuti@projectpurpose.ae .

More details of this event at projectpurpose.ae/events/item/85-elevate-performance-through-engagement.

About Dr. Dan Harrison
A Ph.D. – Organizational Psychology. Dr Harrison is the developer and CEO of Harrison Assessments’ and originator of ParadoxTechnology™ as used in Harrison Assessments. His diverse background in Mathematics, Personality Theory, Counseling Psychology, and Organizational Psychology has enabled him to make a unique and exceptional contribution to assessment methodology.

His 30 years of experience in Psychology and Assessment has enabled the Harrison Assessment tools to fulfill practical needs for recruitment, development and assessment. Dr Harrison’s’ ongoing world-wide travel gives him direct involvement with the needs of Harrison Assessments’ clients and exposes him to the appropriate practical application in a wide variety of cultures.

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UAE to host 20th meeting of Council of Arab Ministers of Communication & Information http://arabbrains.com/2016/09/22/uae-host-20th-meeting-council-arab-ministers-communication-information/ http://arabbrains.com/2016/09/22/uae-host-20th-meeting-council-arab-ministers-communication-information/#respond Thu, 22 Sep 2016 05:22:05 +0000 http://arabbrains.com/?p=17934 H.E. Hamad Obaid Al Mansoori, TRA's Director General
H.E. Hamad Obaid Al Mansoori, TRA’s Director General

The Telecommunications Regulatory Authority (TRA) has announced that the UAE will be hosting the 20th session of the Council of Arab Ministers of Communication & Information to be held at the Emirates Palace in Abu Dhabi on September 27 and 28. The meeting will be attended by top-level telecommunications and information ministers from various Arab countries.

Executive officers of the council will have a preliminary meeting before the official ministers’ meeting begins on September 28, which will be graced by individual speeches. The UAE will lead the opening of the speeches focusing on the country’s next steps to further develop the sector. It will be followed by a speech by the General Secretariat of the Arab League to provide updates on previous and current works of the Council, including summit assignments. The updates will be delivered by the Council’s chief executive detailing the preparations for the Council’s meeting and the outcomes of the two previous sessions held by the Council’s executive officers. The agenda will highlight various ICT concerns, including the joint Arab initiatives. The meeting will also conduct an election for the next session’s executive members.

H.E. Hamad Obaid Al Mansoori, Director General, TRA, said: “We are honoured that the UAE was chosen to host this ministerial meeting and we highly commend the role of the Arab League in coordinating the efforts of all member countries. These meetings are very important in catalyzing the joint Arab efforts to formulate a development plan for the region’s ICT sector, considering its role as one of the strategic enablers of sustainable development. We realized that achieving our visions in this rapidly-changing sector will get quicker results through such meetings where there is an exchange of experiences between Arab countries. This will help us achieve a comprehensive strategy that will enable member countries to create a balanced development for this sector.”

“The UAE has taken huge steps for the ICT sector whether in terms of improving legislations and regulating the business or to allow the use of the most advanced technologies in the world. Such efforts aim to serve the strategic goals of the country’s wise leadership and vision to provide a good life for its citizens. We have launched various initiatives within Arab region that empowers our Nationals and human resources to gain skills and experiences. We have also built infrastructures to establish a level playing field in the sector – economically, socially and culturally.”

The UAE’s hosting of this meeting highlights the country’s leading role on the global ICT map and the TRA’s central role in delivering the country’s aspirations. Hosting the meeting also places the UAE’s contribution in meeting the goals of such conferences and improving the sector to become technologically advanced on par with developed countries.
Egypt has headed the 19th session, while Saudi Arabia is heading the executive committee for Council of Arab Ministers of Communication & Information.

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Digital Shadows Recognized As One Of World’s Most Innovative Cybersecurity Technologies http://arabbrains.com/2016/09/22/digital-shadows-recognized-one-worlds-innovative-cybersecurity-technologies/ http://arabbrains.com/2016/09/22/digital-shadows-recognized-one-worlds-innovative-cybersecurity-technologies/#respond Thu, 22 Sep 2016 04:23:47 +0000 http://arabbrains.com/?p=17929 digital-shadowsCompany to be honored at SINET Showcase in Washington, D.C., Nov. 2-3, 2016

Digital Shadows, a provider of cyber situational awareness, has been named one of the world’s most innovative cybersecurity technologies of 2016 in the annual SINET 16 awards.

Each year SINET, an organization focused on advancing cybersecurity innovation through public-private collaboration, looks at the most innovative early stage and emerging technology companies worldwide to find the most innovative and best around the world, looking at quality and innovation in their product, market traction, the team and ability to succeed.

“The SINET honor is among the most prestigious that a security company at our stage could achieve,” said Alastair Paterson, CEO and co-founder of Digital Shadows. “To be measured against our peers by such a prominent panel of more than 100 judges, comprised of Fortune 1000 CISOs, top venture capitalists, and other industry influencers, shows the great strives we have made as a business in our five years of operation.”

Digital Shadows provides its clients with an “attacker’s eye view” of their organizations, allowing them to more quickly glean and take action on critical threat intelligence, mitigate cyber incidents, and protect against and remediate data loss.

The company was selected from a pool of 82 applicants from nine different countries, including Australia, Canada, Israel, Japan, Norway, Singapore, Sweden and the United Kingdom, representing a range of cybersecurity solution providers who are identifying cutting-edge technologies to address cybersecurity threats and vulnerabilities.

“I am proud and excited to recognize Digital Shadows as one of this year’s SINET 16 Innovators,” said Robert Rodriguez, chairman and founder of SINET. “Of our four programs each year, Silicon Valley, New York City, Washington DC and London, the Showcase is my favorite as it has a clear deliverable in our mission to advance innovation in the cybersecurity domain.”

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Tunisian digital revolution opens up education http://arabbrains.com/2016/09/22/tunisian-digital-revolution-opens-education/ http://arabbrains.com/2016/09/22/tunisian-digital-revolution-opens-education/#respond Thu, 22 Sep 2016 03:19:32 +0000 http://arabbrains.com/?p=17921 By – SciDev.Net – Imogen Mathers

Around the world, universities face myriad challenges: how to educate as many students as possible, while keeping the quality of teaching and research high, and responding to the pressures of globalisation and privatisation.

Tunisia has met some of these challenges by embracing the power of digital technology to support students, explains digital education specialist Houda Bouslama in this audio interview. Back in 2002, the country opened the Virtual University of Tunis (UVT), initially to help integrate information and communications technologies into the broader higher education sector.

Since then the university has developed its own departments, using the power of a rapidly evolving digital landscape to offer social science and arts courses. Bouslama is the university’s English programme coordinator. Other Tunisian universities, too, can use the technology UVT offers to provide students with courses such as MOOCs (massive open online courses).

But this isn’t just about the sleek modernity and appeal of digital tech. Tunisia draws on a long tradition of believing passionately in the power of education and investing in it robustly, Bouslama says. With this intellectual foundation in place, the country is turning technology into a tool to take the country forward, “rethink our system of education and open up so that young people can express themselves in this global world”, she says.

This is part of the Africa’s PhD Renaissance series on higher education across the continent, funded by the Carnegie Corporation of New York.

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RTA adopts 15 innovative ideas to enhance energy, green economy initiatives http://arabbrains.com/2016/09/21/rta-adopts-15-innovative-ideas-enhance-energy-green-economy-initiatives/ http://arabbrains.com/2016/09/21/rta-adopts-15-innovative-ideas-enhance-energy-green-economy-initiatives/#respond Wed, 21 Sep 2016 07:22:45 +0000 http://arabbrains.com/?p=17915 nasir-bu-shehab
Nasir Bu Shehab, CEO of Strategy & Corporate Governance Sector and Chairman of Energy & Green Economy Committee at RTA

The Roads and Transport Authority – Nashwan Atta’ee:

The Roads and Transport Authority (RTA) has adopted 15 innovative ideas during the Innovation Lab organized by the Strategy & Corporate Governance Sector in the Dubai Tram Depot at Al Sufouh. The session focused on improving RTA’s energy and green economy initiatives, which are of paramount importance to RTA’s long-term plans. RTA attends to revising, broadening and improving these plans according to a time chart overseen by the Energy & Green Economy Committee at RTA.

Nasir Bu Shehab, CEO of Strategy & Corporate Governance Sector and Chairman of Energy & Green Economy Committee at RTA, said: “The lab discussed a wide range of ideas and came up with 15 innovative ideas recapping present perceptions of the future of energy & green economy at RTA. The session touched on some of the existing challenges and the way of coping with them as well as the best solutions to achieve RTA’s sustainable transport objectives. The lab took place under the auspices of Energy & Green Economy Committee in the presence of Eur. Ing. Amair Saleem, Director of Safety, Risk Regulation and Planning, and Manager of the Lab. Participants included a host consultants, researchers, university professors and representatives of various RTA’s sectors and agencies.

“The lab focused on three core topics, namely renewable energy of the transport infrastructure, alternative technologies of the transport sector, and the green public transport means,” added Bu Shehab.

He paid tribute to the positive role of such initiatives as they can inspire the individuals concerned to develop smart, pioneering, effective and sustainable solutions & ideas in this field. “The diverse associated challenges prompt the RTA to organize this innovative lab to thrash out suitable solutions capable of meeting the needs of community members and realizing the RTA strategic objective of achieving People Happiness,” he noted.

“This Lab is in line with the Dubai Government’s drive in support of innovation, and RTA’s plan to diffuse the culture of innovation in all projects undertaken at world-class standards as well as its energy & green economy strategy. RTA is committed to hold government innovation labs with the aim of improving the performance and discussing creative ideas contributing to a superior working environment in the Emirate of Dubai.

Situated at the Dubai Tram Depot at Al Sufouh, RTA’s Innovative Lab is the first government innovation lab in Dubai. It comprises training halls fitted with sophisticated equipment, areas for holding brainstorming sessions, a gorgeous innovation club designed at the highest standards to nurture an inspiring innovative environment, a platform for presenting and debating ideas, and interactive display monitors enabling the sharing of visual contents between members. These monitors interface with smartphones & handheld computers of participants enabling wireless display of contents. The lab also contains supporting facilities such as a rest hall, prayer room, and meeting halls.

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74% of people in the UAE have a connection to at least one business in a foreign country through Facebook http://arabbrains.com/2016/09/21/74-people-uae-connection-least-one-business-foreign-country-facebook/ http://arabbrains.com/2016/09/21/74-people-uae-connection-least-one-business-foreign-country-facebook/#respond Wed, 21 Sep 2016 05:29:51 +0000 http://arabbrains.com/?p=17911 facebook smallNew Facebook tools launched to help MENA Businesses expand across borders.

Dubai, UAE – Facebook announced today the launch of new solutions on the platform to help businesses expand across the globe. As technology brings the world closer, it can also help businesses grow by connecting them with people around the world; as such Facebook is releasing new solutions to better serve the business community and help businesses expand internationally and connect the world:

1. Finding new customers, in new countries: Businesses can now use a new feature in the Lookalike Audiences tool to reach customers in new countries who are similar to their existing ones. They can do this by uploading a list of existing customers or high-potential leads.

2. Finding new countries to grow your business: Any businesss who wants to increase installs of app, increase engagement in app or increase conversion on site can now target people Worldwide or in a specific region. Facebook will then deliver ads to selected regions and then optimize delivery to the countries with the greatest return.

3. Resources to optimize campaigns: To help businesses optimize global campaign strategy we are releasing new webinars and a handbook on international marketing techniques.

“On mobile, and on Facebook, people engage with the things that matter to them even in other countries. Globally, more than 1 billion people on Facebook are connected to at least one business in a foreign country*” commented Shant Oknayan, Head of e-Commerce, Retail and Online Services at Facebook in the Middle East, North Africa and Pakistan.
He continued “In the United Arab Emirates, 74% of people on Facebook are connected to at least one business in a foreign country and 52% within the same country.This creates further opportunities for small and local businesses to scale internationally. At Facebook, we want to partner in the growth of small and local businesses, leveraging the power of technology, to help give them a global mobile opportunity with Facebook as their mobile solution.”

With Facebook, Careem got a higher ROI in comparison to previous campaigns

Launched in the UAE in 2012, CAREEM, the region’s leading the app-based chauffeur-driven car booking service, worked closely with Facebook for its ongoing campaign to build awareness and attract new customers. In addition to running ads across Facebook, Instagram and the Audience Network, Careem was able to successfully scale its campaign across the Middle East using the Lookalike Audiences tool to further refine its ad targeting, which ensured that it could reach more people at a reduced frequency. The ongoing campaign, which launched in April 2016, achieved 30% increase in revenue and 23% lower customer acquisition cost than rival platforms.
The top five countries people inUnited Arab Emirates are connected to a business in areIndia, US, UK, Pakistan and Saudi Arabia

With over 136 million people in the MENA region using Facebook every month, including 119 million on mobile devices, for brands and consumers, Facebook is a destination where small & medium sized businesses can connect with their customers and grow their businesses.

For more information, please read Facebook’s related blog post here and Careem’s campaign results here.

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Dubai Customs introduces its business model to visiting U.S academic delegation http://arabbrains.com/2016/09/21/dubai-customs-introduces-business-model-visiting-u-s-academic-delegation/ http://arabbrains.com/2016/09/21/dubai-customs-introduces-business-model-visiting-u-s-academic-delegation/#respond Wed, 21 Sep 2016 03:28:16 +0000 http://arabbrains.com/?p=17906 .

Dubai – In coordination with the University of Dubai, Dubai Customs (DC) received a delegation of business postgraduate students from the University of North Florida, USA. The aim of the delegation’s visit was to identify the latest mechanisms, business model, and systems applied by Dubai Customs at the domestic level, particularly in the field of customs transactions and their application of the latest systems and procedures at the global level.

The visiting delegation was greeted by Younis Othman, Director of Information Technology Department, and Adel Al Hosani, Director of Information Security Section.

Delivering a walkthrough presentation of the most important smart customs systems at Dubai Customs, Younis Othman presented the Risk Engine system in the Department and the mechanism through which it processes customs intelligence in terms of collection, linkage, analysis and distribution through to finding the typical perceptions about traders within its framework.

Responding to questions raised by all attendees, who showed great interest in the customs techniques used by Dubai Customs and especially the Risk Engine, Othman said: ” Dubai Customs and its management team adopts a clear approach towards the use of technology and innovation in order to streamline procedures and enhance legitimate trade. This comes in implementation of the directives of the wise leadership in order to ensure being number one in all areas worldwide, and adopting the best global practices in Customs work.”

Othman added, “This will uphold the reputation of the Emirate of Dubai as an international business hub, given the fact that the Risk Engine is a real quantum leap in the field of Customs. It also shows its pivotal role expected by hosting Expo 2020 Dubai in order to facilitate the handling of the expected rise in trade and shipping levels during the hosting period. “

For his part, Adel Al Hosani briefed the delegation members about the latest techniques adopted by Dubai Customs in the field of information security, both at the default and the physical security levels, stressing the importance of the human capital in achieving the optimal formula for security.

Meanwhile, the guests were briefed on the importance of the vital work done by Dubai Customs to protect the borders and the most important seizures carried out by the Department, both in terms of wildlife protection or humanitarian and cultural heritage, as well as seizures of drugs of all kinds and maintaining the security of Dubai in particular and the UAE in general.

Rana Al Rifai introduced the academic delegation to the DC multi- communication channels, with up to 14 different channels being managed and developed in order to provide 27 different services offered by Dubai Customs for its clients.

The visiting delegation toured a number of departments, including the control room to learn about the modern techniques used in this regard. The delegation was then welcomed by Saleh Al Hammadi, Acting Director of Control Room Department, who briefed them on the most important tools used by the department to monitor the shipments, and handle them using modern technology and the inspectors’ experience.

At the end of the tour, Professors Jeffrey Milkkman, and Richard Tryon from Hikcs Honors College, who led the visiting academic delegation, praised what they have seen during their visit to Dubai Customs systems, expressing their gratitude for the warm welcome.

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UAE Economic Outlook Remains Optimistic Despite Increased Regional Supply Chain Risk http://arabbrains.com/2016/09/20/uae-economic-outlook-remains-optimistic-despite-increased-regional-supply-chain-risk/ http://arabbrains.com/2016/09/20/uae-economic-outlook-remains-optimistic-despite-increased-regional-supply-chain-risk/#respond Tue, 20 Sep 2016 07:35:20 +0000 http://arabbrains.com/?p=17903
  • Finance African Brains WikimediaGlobal supply chain risk climbed to 80.8 in Q2, a level not seen since 2013
  • CIPS Q2 Risk Index reports increased supply chain risk across MENA from Q1
  • Supply chain risk across the Middle East and North Africa climbed to 4.406 from 4.371 during the second quarter of 2016, according to the CIPS Risk Index, powered by Dun & Bradstreet.

    Global supply chain risk climbed to 80.8 in the second quarter of 2016, which is amongst the highest levels since records began in 1995. This continued the worsening trend in global supply chain risk which has been following this trajectory since the fourth quarter of last year. The Index, produced for the Chartered Institute of Procurement & Supply (CIPS) by Dun & Bradstreet economists, tracks the impact of economic and political developments on the stability of global supply chains.

    The CIPS Q2 Risk Index indicates that due to ongoing political and economic challenges in the region, the MENA supply chain risk gauge has reached its highest levels since Q1 2015. The UAE’s commitment to lodge $1 billion deposits in Egypt’s central bank system could help to ease the chronic shortage of Foreign Exchange (FX), but it is too early to assume how this may contribute to the situation improving.

    Sam Achampong, Regional Director, CIPS MENA said: “As oil prices remain relatively low, the UAE is taking active steps towards fast-approaching 2020 visions, and is bolstering its economic landscape to accommodate for any additional business activity that may be redirected from the UK as a result of its recent vote to leave the EU”.

    “In addition to this, while the recent current account deficit in Egypt’s central bank has contributed to higher risk in MENA, the UAE agreement to support Egypt may have a positive effect on the regional supply chain landscape in time.”
    One main contributor to the higher Risk Index was the increased interest rates in Egypt reaching a base rate of 12.25%, following a rise in inflation in May 2016. The 13% devaluation in the Egyptian Pound in March has failed to resolve the problem of chronic shortages of FX in the banking system, which has impacted the ability of importers to purchase goods, thereby disrupting supply chains in Egypt.

    On a global level, the UK’s vote to leave the European Union has had an impact on global supply chain risk. Immediately after the Brexit vote, a dramatic fall in Sterling led to soaring costs for businesses that relied on importing, prompting many to reconsider their sourcing strategies.

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