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Tag Archives: Featured

Hey, big spender: UAE and Saudi firms among the most confident in terms of investing this year, says Amex

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Executives from the United Arab Emirates and Saudi Arabia were among the most confident in the world when it comes to spending on their business, according to a new survey by credit card firm American Express (Amex). The …

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SMEs contribute 40% to Dubai’s GDP

New govt policies are set to transform business ecosystem by making it easy to do business, and support new sectors Small and medium enterprises (SMEs) are estimated to contribute 40 per cent to Dubai’s gross domestic product (GDP) and employ 42 per cent of the total workforce, said a top official. The significance of such enterprises must not be overlooked …

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Abu Dhabi Global Market launches crypto asset regulatory framework

Abu Dhabi Global Market has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. This follows …

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Al Ghurair establishes education fund for Arab refugees

Abdul Aziz Al Ghurair, Emirati businessmen and philanthropist, has announced the establishment of the “Abdul Aziz Al Ghurair Refugee Education Fund”, a new initiative to benefit Arab refugee youth in Jordan, and Lebanon and Arab children affected by wars and disasters residing in the UAE. The announcement was made on the occasion of the annual ‘World Refugee Day’, being observed …

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Abu Dhabi completes $28mln infrastructure projects

The projects saw the construction of 8.1 km of internal roads, 10.165 km of drinking water network, 10.34 km of rainwater drainage network, 5.316 km of sewerage network The Abu Dhabi City Municipality said it has completed Dh102.8 million ($28 million) worth of infrastructure projects including the Nahda Al Askariyah, Baniyas and Al Shawamekh internal roads development work. The projects …

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Saudi businesswomen eye greater role in the economy with end to driving ban

The end of the driving ban will boost women’s financial power Saudi Arabia – The end of the driving ban will boost women’s financial power and allow them to play a bigger role in economic and social diversification in line with Vision 2030, prominent businesswomen said on Friday. Hind Khalid Al-Zahid was the first Saudi woman designated as an executive …

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Angel delight: Mideast investors rank social impact above financial gain

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day The ability to impact social change, rather than financial gain, is the biggest motivator for angel investors in the Middle East, according to a new report which also showed that the region’s entrepreneurs ranked highly on a global …

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UAE, Russia sign pact to send first Emirati to space

First Emirati astronaut will travel to space within a year of the UAE Astronaut Programme creating a final shortlist of candidates The UAE and Russia have signed an agreement to send the first Emirati astronaut to space to participate in scientific research as part of the Russian space mission to the International Space Station aboard the Soyuz-MS spacecraft. The cooperation …

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UAE leads Middle East in digital competitiveness

Emirates ranking jumped one place to 17th globally The UAE’s global ranking in digital competitiveness continued to improve as it secured the 17th position in IMD World Digital Competitiveness 2018 report. The region’s second biggest economy also maintained its lead in the Middle East chiefly due to Dubai’s strong push towards digitisation and embracing new technologies to make the emirate …

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Accelerating Entrepreneurship: Sharjah’s Sheraa grants $50,000 to tech start-up

The UAE’s Sharjah Entrepreneurship Center (Sheraa) awarded $50,000 to Solva Technologies, a tech start-up that offers environmentally-friendly solutions to electric motorbikes, Sheraa said in a press release on Sunday. The Emirates, over the past two years, has been increasing efforts to support tech start-ups and entrepreneurs, it sees as vital to the country’s growth and prosperity. Late last month, Sheikh …

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