Friday , 24 November 2017

Tag Archives: Featured

Arabtec Construction awarded main contract to build UAE Pavilion at Expo 2020 Dubai

The National Media Council, the government entity responsible for building and operating the UAE Pavilion at Expo 2020 Dubai, has announced that Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion. Arabtec Construction squared off against three local and international companies in the final round with nine companies bidding …

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Abu Dhabi Global Market and China’s Qianhai Authority partner to promote investment and FinTech cooperation

The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Qianhai Authority, have entered into a new partnership to develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi. In support of China’s One Belt One …

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Etihad hub Abu Dhabi International Airport sees slower passenger growth this year

Etihad Airways’ hub Abu Dhabi International Airport expects a slowdown in the pace of passenger growth this year, the acting chief executive of operator Abu Dhabi Airports said on Monday. The United Arab Emirates’ second busiest commercial airport expects to handle “around 25 million” passengers in 2017 compared with 24.5 million in the previous year, Abdul Majeed al-Khoori told Reuters …

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Soft-landed UAE economy poised for a convincing comeback

Dubai: The UAE’s economic growth which faced strong headwinds following prolonged low oil prices and slump in international trade has managed a soft landing, with a less pronounced cycle than in 2008 according to According to Bank of America Merrill Lynch. Analysts expect a convincing a turnaround from 2018, according to recent economic forecasts. “We expect non-oil real GDP growth …

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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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Bahrain-based GIB gains retail banking licence for digital venture

Gulf International Bank (GIB) said on Wednesday it had been granted a retail banking licence in Bahrain by the kingdom’s central bank for its digital venture called Meem. GIB is licenced by Bahrain’s central bank, headquartered in Bahrain and owned by the governments of the six Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund the principle shareholder with …

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Middle East millennials work harder, driven by desire to make positive impact: Study

Millennial business owners in the Middle East are more likely to be driven by the desire to increase their influence and have a positive impact on others than the overall average for entrepreneurs globally, according to a new study by HSBC Private Bank. The bank’s second Essence of Enterprise report, launched recently, researched the views of over 4,000 entrepreneurs globally …

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Saudia to carry record 10.3mln passengers this summer

Saudi Arabian Airlines (Saudia) has released its summer plan, outlining the preeminent operational aspects during the upcoming peak season starting from June 24 to Sept. 16. The plan shows a record increase in the number of flights and seating capacity both internationally and domestically, to prepare for the dramatic increase in the demand for air travel in the summer period. …

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Cloud migration can help finance reap rewards

Cloud-based finance technology is an attractive proposition for forward-looking finance leaders looking to increase business performance, optimize operational efficiency and keep up with regulatory changes. Furthermore, moving finance to the cloud will help truly transform it into a strategic function. A tipping point for finance Amid the digitisation of the economy, the finance function is at a tipping point. Today’s …

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Facebook celebrates MENA winners of First Bots for Messenger Developer Challenge

The Bots for Messenger Challenge was launched on February 15th this year, in 64 countries across the wider Middle East and Africa to recognize and reward developers who were able to create the most innovative new bots on Messenger. Facebook (www.Facebook.com) selected 3 winners from the Middle East and North Africa (MENA) from 60 finalists as part of the first-ever …

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