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Tag Archives: Business

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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Small change: Dubai, Saudi in push to help support SMEs

Small and medium-sized enterprises are the backbone of all economies in the Middle East. According to a report by Dubai SME, these businesses are described as the “anchors of any economy” and represent 95 percent of companies in the emirate of Dubai, account for 42 percent of the workforce and contribute around 40 percent to the total value of the …

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Saudi Arabia, UAE salary increases highest in GCC

Saudi Arabia, followed by Kuwait and the UAE continue to lead the region in salary increases in 2017, according to a new survey. The GCC-wide survey of 600 multi-national companies and locally-owned conglomerates by Aon, also showed that Saudi Arabia and Kuwait have the highest salary increase projections for 2018, at an optimistic 4.5 per cent. The data showed that, …

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First 11 firms enrolled into DIFC’s fintech accelerator

Dubai International Financial Centre (DIFC) has announced that 11 firms have been chosen to take part in its accelerator programme for new financial technologies, known as FinTech Hive. The programme, which is being launched in partnership with management consultancy Accenture, is a 12-week course that will see the selected firms working closely with financial institutions and other stakeholders to help develop …

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Etihad Airways sets new CEO deadline, may join late 2017

Etihad Airways has delayed the appointment of its new group chief executive to late 2017 with the hiring of a new boss nearly finalised, the airline said on Monday. In May, Abu Dhabi’s Etihad appointed executive Ray Gammell as interim Group CEO to replace veteran CEO James Hogan who left on July 1. At the time, Etihad said it was …

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IPO surge: Saudi SMEs help 2017 hit a five-year high

The first quarter of 2017 saw 10 new initial public offerings (IPOs) registered on the stock markets among the six members of the Gulf Cooperation Council (GCC), a five-year record high and propelled by Saudi Arabian small and medium-sized businesses, according to a press release issued by consultancy firm PwC. IPO news in the region is important, as Saudi Arabia, …

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