Monday , 26 February 2018

Tag Archives: Featured

New $250 million Dubai tech fund to target 15 investments

The new $250 million technology investment fund launched on Wednesday by Middle East Venture Partners (MEVP) will invest in about 15 companies, including a number of its existing portfolio companies, CEO Walid Hanna has said. Speaking to Zawya on the sidelines of the launch in Dubai, Hanna said he was “absolutely confident” of being able to source enough investible businesses. …

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Egypt: The Economy Is Gathering Strength

Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves. “The Egyptian authorities have embarked on an ambitious reform program and have taken decisive measures aimed at restoring macroeconomic stability and sustainable public finances. At the same time, by strengthening social protection measures, they …

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Smartphone users buzzing after Saudi Arabia unblocks Internet calls

Saudi smartphone users were calling out with joy this week after the government lifted a ban on apps that allow video and voice services. Minister of Communications and Information Technology Abdullah Al-Swaha earlier this month issued a directive to unblock calling apps that have met regulatory requirements, with users able to access them from Wednesday. The move will make the …

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Exponential growth seen in GCC assets under management

Dubai is set to reinforce its status as the region’s leading financial hub with new legislation and regulation expected to attract inward investment as the GCC is forecast to see an exponential growth in assets under management to nearly $111 billion by 2020, a new study reveals. While fund managers in the UAE are expected to see their asset under …

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Jobs campaign boosts career opportunities for Saudis

The Kingdom’s drive to localize jobs has been ramped up; just go to various establishments and you will see that jobs previously employing expat workers are now being held by Saudi nationals. But the Kingdom does not stop there as it continues to look for ways and means to generate employment opportunities for the increasing Saudi population. The Ministry of …

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Plans moving forward for the European Union’s ‘House of Europe’ in Dubai

Plans to build a commercial property in Dubai for the European Union (EU) are currently underway with a construction tender expected next year, the project’s developer, Kleindienst Group, has said. The venture, currently awaiting building permission, is designed to be a ‘wood-only’ high-rise in the United Arab Emirates (UAE). Thomson Reuters Projects reported in July last year that Dubai-based developer …

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Several billions of US dollars in investments announced during the Morocco – Gabon 2017 Forum

Two delegations of Moroccan businessmen are expected in Gabon within the next few weeks The Morocco – Gabon Forum which has just ended in Rabat was the occasion for the Moroccan companies and investors to announce their intention to invest several billions of US dollars in Gabon in the sectors of Infrastructures, the numerical Economy, Agro-industrial industry and the sanitary …

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Apple v Samsung: Can new iPhone launch help revive sluggish GCC smartphones sales?

The Gulf’s mobile phone market remained flat in the second quarter of this year, but Apple will be hoping that sales of its new iPhones will help it overtake its rival Samsung and give the market a new lease of life. The new iPhone 8, launched last week, is already available for sale online in the United Arab Emirates, with …

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EIB conference in Egypt calls for private sector to lead new push for investments in the Mediterranean region

The EU bank provided finance of EUR 1070.6 million in 2016 to support private sector development in the southern Mediterranean region. The drive for jobs and growth in the Mediterranean region should be led by the private sector. This was the call today, as the European Investment Bank (EIB) held an international conference in Cairo dedicated to “Boosting investments in …

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The need for co-ordinated African research and development claimed top spot on rail conference agenda

Hon. Okello addresses first summit of the Organisation of Islamic Cooperation on Science and Technology. Hon. Okello who is leading a 9-person delegation is attending the First Summit of the OIC on Science and Technology which runs from 9-11th September 2017 in Astana, Kazakhstan Minister of State for Foreign Affairs in charge of International Affairs, Hon. Henry Oryem Okello, has …

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