Monday , 20 August 2018

Tag Archives: Featured

Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report. However, a number of countries are innovating and creating new solutions to previously existing …

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Cheaper medicine?: New generic drug rules in Abu Dhabi will boost market, but wider integration requires public awareness – analyst

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day By Yasmine Saleh, ZAWYA A recent decision in Abu Dhabi aimed at increasing demand for generic medicine – drugs that use formulas similar to branded drugs, but sold at cheaper prices – needs time to gain public acceptance …

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Work on University of Balamand Dubai campus completed

Dubai Investments, a leading, diversified investments company listed on the Dubai Financial Market, has announced that the new campus of its wholly-owned subsidiary University of Balamand Dubai [UOBD] is fully complete and ready to welcome students strating from next month. The UOBD campus, spread across 8,000 sq m at Dubai Investments Park [DIP], offers the most-modern classrooms, three laboratories for …

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All quiet on the investment front?: Middle East venture capital funding lower, but market conditions remain positive, funders say

The $112 million raised in VC funding by Mena firms is lower than 2016 and 2017 when big bets were made on Souq.com and Careem Still, Wajdi Ghoussoub, associate director of venture capitalist firm Middle East Venture Partners (MEVP), did not think that the lower value of money invested was an issue for concern. In response to questions by email, …

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Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles Federated Investors, Inc., one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy …

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Cryptocurrencies and their place in mainstream finance

Has the world of money changed and will continue to do so? Cryptocurrencies are now irrefutably part of mainstream finance. They are capturing our focus more than ever before during a time when financial technology is taking centre stage. Major digital currencies such as Bitcoin, Ethereum, XRP, Lite and Dash are being thrust into the world of mainstream finance at …

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Job privilege: Who can get 10-year visa in UAE?

New reforms such as 10-year visa, 100% foreign ownership of firms to help attract best talent, FDI. The UAE’s new reforms will be focused on professions and industries that meet the country’s strategic needs. (Reuters file) Technology entrepreneurs, influencers, high-end individual investors and specialists in certain fields such as science, space and medicine would be eligible for the 10-year visa …

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UAE job vacancies on the rise in first half of 2018

Hiring accelerates in the first half of 2018; momentum seen to spill over into 2019 UAE – Job growth in the UAE expanded at a fast clip in the first half ofthis yearand industry stalwarts and analysts are optimistic that the trend will be maintained in the second half and2019. The rise in employment in key economic sectors indicates that …

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Saudi-based ITFC, Federated Investors to launch $300mln trade finance fund

The sharia-compliant fund is expected to launch later this year and would invest in energy-related structured trade, supply chain financing and project finance assets of sovereign entities The Saudi-based International Islamic Trade Finance Corp (ITFC) said on Thursday it would launch a $300 million fund alongside U.S. fund manager Federated Investors, aiming to tap trade finance opportunities in Muslim-majority countries. The sharia-compliant fund …

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SA’s business confidence improves in July

Abu Dhabi’s index was up 0.5%, after hitting its highest level since late 2014 Abu Dhabi’s market hovered around a four-year high on Wednesday, bolstered by banks shares, while Saudi Arabia’s market was more subdued. Abu Dhabi’s index was up 0.5 percent, after hitting its highest level since late 2014 earlier in trading. First Abu Dhabi Bank rose 1.1 percent …

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