Saturday , 17 November 2018

Tag Archives: Dubai

SMEs contribute over half of Dubai’s new jobs – study

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Dubai’s small and medium enterprise (SME) sector contribute 52.4 percent of jobs created in the emirate and 47 percent of its economic output, according to a joint study between Dubai SME and Dubai Statistics Centre. Initiated during the …

Read More »

DIFC collaborates with France’s Finance Innovation to promote fintech growth

The collaboration will support the development of the fintech ecosystem in both markets Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry, based in Paris. The collaboration will support the development of the fintech ecosystem in both markets and facilitate knowledge sharing and collaboration between their …

Read More »

Merger with $1bln US start-up was “opportunity of a life”, says Dubai entrepreneur

Faizal Kottikollon says KEF Holdings’ tie-up with Katerra allows it to instantly become a global player Dubai-based entrepreneur Faizal Kottikolon has said that a decision to sell his four-year old company, KEF Holdings, to a Silicon Valley-based competitor backed by $1 billion worth of venture capital was motivated more by a desire to see it succeed than any financial reward …

Read More »

Dubai to cut municipal fees, freeze school costs in stimulus effort

The council also decided to scrap 19 fees related to the aviation industry and waived late payment fees on property registrations for 60 days Dubai’s government said it would reduce municipal fees, scrap some aviation charges and freeze school costs in the latest of a series of efforts to stimulate economic growth, which has been hindered by weak real estate …

Read More »

Dubai Aerospace signs $480mln loan deal

The $480mln loan, which includes both conventional and Islamic finance tranches, has “accordion facility” allowing it to be increased to $800 mln By Davide Barbuscia, Reuters News DUBAI- Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, said on Monday it had signed a four-year loan deal for $480 million. DAE, a government-controlled company set up in 2006, …

Read More »

in5, Oracle collaborate to drive Dubai startup growth through digital transformation

Global technology leader to provide 120+ startups with meet-up sessions, training on emerging technologies. in5, an enabling platform for students, startups and entrepreneurs, has entered into an agreement with Oracle to help startups in Dubai explore new growth avenues, introduce innovative services, and deliver an exceptional customer experience through driving digital transformation. In its first phase of implementation, the program …

Read More »

Dubai among world’s top 3 model smart cities

Emirate has been taking a pioneering role in self-driving cars, automated ports, testing of delivery robots and drones and social robots among others. By Waheed Abbas, Khaleej Times Dubai has been chosen among the world’s top 3 model smart cities, pioneering in different public and private services for the betterment of its residents. This thanks to a host of initiatives …

Read More »

Dubai-based Wrappup bought by Silicon Valley firm

Company’s co-founders will all join competitor Voicera. By Michael Fahy, ZAWYA A Dubai-based technology company started at a hackathon event three years ago has been bought out by a Silicon Valley-based competitor. Wrappup, which has been developing an app using artificial intelligence (AI) to record and automatically note action points in meetings, has been acquired by Voicera, which has also …

Read More »

Dubai Internet City Hosts Over 6,000 Visitors During Step 2018 Event

Dubai Internet City (DIC) concluded two days of hosting the STEP Conference held on its premises. The event, which saw more than 6,000 visitors, including professionals, startups, entrepreneurs and students visiting the Dubai Internet City community, brought together over 300 speakers from across the technology ecosystem. STEP, which comprised four different conference streams running in parallel, took place across different …

Read More »

Trading places: Dubai’s non-oil trade rises, with China, India and the U.S. it’s biggest partners

Dubai’s non-oil foreign trade grew by 2 percent last year, with China, India, the United States and Saudi Arabia topping a list of the emirate’s biggest trading partners, the Dubai government’s media office said in a press release on Monday. The emirate’s non-oil trade grew by 26 billion dirhams ($7.1 billion) to total 1.302 trillion dirhams in 2017, up from …

Read More »