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Morocco: BMCE Bank to Launch Latest African Entrepreneurship Award

BMCE Bank of Africa launches the 4th edition of the African Entrepreneurship Award (AEA) on March 12 in Casablanca. Registration remains open until April 30. The AEA initiative supports talented African entrepreneurs who hold promising ideas for to a better world. The past three editions have been dedicated to education and the environment, witnessing the participation of more than 12,000 …

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A ringing success: Saudi spending on telecom services hits $36 billion in 2017

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day The volume of spending on telecommunications and information technology services in Saudi Arabia reached more than 136 billion Saudi riyals ($36 billion) last year, according to official sources. The revenues from telecommunications services also amounted to about 70 …

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UAE: Women form 70% of Sheikh Mohammed’s team

Sheikh Mohammed lauded women’s role on the occasion of International Women’s Day UAE – Women’s achievements were lauded by the Rulers of the UAE on the occasion of International Women’s Day on Thursday. The role of women in government was highlighted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of …

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Egypt encourages savers to invest in shares- exchange head

The chairman of Egypt’s stock exchange has said that it is working on a campaign to increase demand for shares from within the country as well as looking to make it more attractive to international investors. Mohamed Farid told Zawya on the sidelines of a conference held by investment bank EFG Hermes on Monday that alongside efforts to increase the …

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MENA solar power projects pipeline set to double in 2018

By Anoop Menon, ZAWYA Project mix dominated by the Saudi market and solar photovoltaic systems The pipeline for solar power projects in the Middle East and North Africa (MENA) is set to double this year, with Saudi Arabia accounting for more than half of all projects, according to a new report published on Monday by the Middle East Solar Industry …

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UAE central bank chief: fintech very beneficial to banking sector

Technology underlying crypto-currencies, financial technologies are beneficial to banking sector, UAE central bank governor said. ABU DHABI The technology underlying crypto-currencies and other new financial technologies are really beneficial to the banking sector, United Arab Emirates central bank governor Mubarak Rashid al-Mansouri said on Tuesday. Asked at a financial industry conference whether U.S. interest rate rises this year might pressure …

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Dubai to have 70 smart visa centres by end of 2018

Will also provide job opportunities to over 1,000 UAE citizens. Dubai will have 70 Amer centers by the end of 2018 and these will provide job opportunities to more than 1,000 people, GDRFA has contended. As many as 21 new smart Amer centers have been established and opened since the beginning of this year, said Major General Mohammed Ahmed Al …

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Chinese firm wins $163mln contract for Damac’s Dubai skyscraper

China State Construction to build tower at Aykon City overlooking Dubai Canal. Damac Properties has announced the award of a 600 million UAE dirham ($163.4 million) contract to build a tower at its Aykon City project on Sheikh Zayed Road in Dubai. The company has chosen China State Construction Engineering Corporation’s Middle East (CSCEC) arm to build the tower overlooking …

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Dubai tests autonomous pods in drive for smart city

Dubai has begun testing autonomous pods in a trial run the Gulf’s trade and tourism hub hopes will help its transformation into one of the smartest cities in the world. Officials from Dubai’s Roads and Transport Authority (RTA) displayed two cube-shaped vehicles built by U.S.-based Next Future Transportation company in Italy as they spun around on a main street in …

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Saudi extends licences for foreign investors for up to five years

Foreign investor licences currently only last for 12 months. By Nada Al Rifai, ZAWYA Saudi Arabia’s General Investment Authority (SAGIA) has extended the licensing period for foreign investors to five years – up from one year at present. A statement sent by SAGIA to Zawya said that the licensing period can also be renewed upon expiry of the five-year period, …

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