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Tag Archives: Business

UAE leads MENA in digitisation: Report

Digitisation continues to take the global economies by storm The UAE is now leading the MENA region with an impressive 16.4 percent in digital penetration, according to a detailed report by Al Masah Capital Limited titled, “Digital Banking – ME Trends”. “Digitisation continues to take the global economies by storm. As a revolution whose uptake in the Middle East and …

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Egypt encourages savers to invest in shares- exchange head

The chairman of Egypt’s stock exchange has said that it is working on a campaign to increase demand for shares from within the country as well as looking to make it more attractive to international investors. Mohamed Farid told Zawya on the sidelines of a conference held by investment bank EFG Hermes on Monday that alongside efforts to increase the …

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RAKBANK partners with Etisalat to offer business banking solutions at Hello Business Hub

RAKBANK will provide Business Banking solutions at preferential terms to SMBs who visit Etisalat’s specialized business hub. RAKBANK partners with Etisalat to offer business banking solutions at Hello Business Hub United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK) today announced a strategic partnership with Etisalat’s “Hello Business Hub”, a one-stop location that enables small and medium …

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Regulators must adopt emerging tech: Accenture

Innovative products and services are increasingly challenging regulatory processes By Staff Writer, TradeArabia Regulators must embrace the innovative application of emerging technologies, known as RegTech, to enable a more effective regulatory environment, mitigate risks and drive competitive advantage, said leading global professional services company Accenture in a new report. According to the report titled “RegTech for Regulators”, released in collaboration …

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Google offers Aramco unlikely route to IPO heaven

Partnership with Google may provoke some outside-the-box thinking Google found Russia-backed ads on YouTube, Gmail Has Saudi Aramco landed on a cunning plan to boost its future stock-market valuation? Certainly, the $2 trillion valuation desired by the kingdom’s crown prince in the oil producer’s forthcoming initial public offering is hard to square with reality. A new partnership with the owner …

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Egypt’s Startup Reactor is Seeking out Startups!

Startup Reactor, the 6-month accelerator program in Egypt, is now accepting applications for its 5th cycle Following the successful conclusion of its 4th cycle with its last phase “Startup Nova – Entrepreneurship Explosion”, Startup Reactor is accepting applications for its 5th cycle! Startup Reactor is a 6-month accelerator program designed to support innovative startups with high growth potential in Egypt. …

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A long shot: MENA employers receive 1,000 applications per job – Bayt.com CEO

11Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day. The Middle East and North Africa region has witnessed a massive growth in the number of jobseekers since 2011, but the number of jobs available has been declining, according to the chief executive of a regional jobs website, …

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World Bank agrees $1.15bn loan to Egypt

World Bank has approved $1.15bln in a development policy financing loan to support Egypt’s economic reform programme. The World Bank has approved $1.15 billion in a development policy financing loan to support Egypt’s economic reform programme. This loan is the last in the series of three annual loans—called the Fiscal Consolidation, Sustainable Energy, and Competitiveness Development Policy Financing loans – …

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Future focus: What is Dubai’s Area 2071 initiative?

Area 2071, the innovation initiative which has been established with a physical presence at the foot of Dubai’s Emirates Towers building, will feature 10 different sectors, through which Dubai’s government will promote collaboration, an executive responsible for its development has said. Abdulaziz Khalid Al Jaziri, the director of Area 2071, told reporters on the sidelines of a press conference held …

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U.S. Embassy Supports Job Fairs Throughout Egypt

The Shaghlna program includes three upcoming employment fairs, sponsored by the U.S. Embassy. The U.S. Embassy is pleased to announce the launch of “Shaghlna,” a new series of job fairs for job-seekers across the country that builds on the success of employment fairs held over the past three years in Cairo. The Shaghlna program includes three upcoming employment fairs, sponsored …

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