Friday , 17 August 2018

Tag Archives: Business

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 – …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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, …

Read More »

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 …

Read More »

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 …

Read More »

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, …

Read More »

Emaar to launch IPO of real estate development business by November: Al Arabiya TV

Dubai-based Emaar Properties plans to launch the initial public offering (IPO) of its real estate development business by November, Emaar’s chairman Mohamed Alabbar told Al Arabiya TV on Thursday. Emaar, whose interests span hotels, entertainment and shopping malls, said on Wednesday it had decided to list the real estate development business in Dubai to maximise value for shareholders, which would …

Read More »

2017 will be a year for reshaping the way we do business, according to ‘The 2017 Economic Outlook’ discussion at Capital Club Dubai

The event, led by experts in their respective fields, highlighted key growth areas as well as challenges for the year ahead ‘The 2017 Economic Outlook’ discussion recently hosted at Capital Club, Dubai’s Premier Private City Club and member of the ENSHAA group of companies, offered Members key insights into what to expect in the coming year regarding the region’s economy. …

Read More »