Monday , 26 February 2018

Tag Archives: Featured

Why do UAE and Saudi Arabia want to use blockchain?

Last week, the UAE’s central bank announced it was working on a joint cryptocurrency, based on blockchain, with its counterpart in Saudi Arabia Since beginning its dramatic rise in value over a year ago, many commentators have pronounced bitcoin dead, saying instead that the true value of the polarising digital currency was to be found in its underlying technology, blockchain. …

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Record spending on Expo 2020 to give a big fillip to Dubai’s economy

Infrastructure expenditure is due to rise by 46.5% in 2018, accounting for 21% of total spending. Dubai – A record spending of Dh56.6 billion envisaged in Dubai’s expansionary budget for fiscal 2018 will trigger a major jump in investment spending and provide a major boost to the economy, analysts said. The budget, allocating an increased spending to boost infrastructure efficiency, …

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Space time: What applicants need to know to win a seat on the UAE Astronaut Programme

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day. Participation in the United Arab Emirates’ recently announced astronauts programme is a once-in-a- lifetime opportunity that should not be missed, two of the initiative’s top officials said on Monday. Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum last …

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E-commerce site Noon to go live in Saudi Arabia tomorrow – CEO

Faraz Khalid says site will begin trading in the kingdom on December 12 Regional e-commerce platform Noon will launch in Saudi Arabia on Tuesday, its chief executive has said. The site, which is backed by Dubai billionaire Mohamed Alabbar and the kingdom’s sovereign wealth fund, the Public Investment Fund, launched in the United Arab Emirates at the end of September, …

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Digitisation at the centre of ENBD’s retail growth strategy

UAE and the region are ready for digital only banks Dubai: Digital initiatives have been a key focus area for Emirates NBD’s service delivery much before digital transformation became a buzzword in the region’s financial services industry. Even as the banking sector is busy figuring out a way to address the digital challenges posed by Fintech and disruptive banking technologies, …

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A long shot: MENA employers receive 1,000 applications per job – Bayt.com CEO

11Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day. The Middle East and North Africa region has witnessed a massive growth in the number of jobseekers since 2011, but the number of jobs available has been declining, according to the chief executive of a regional jobs website, …

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World Bank agrees $1.15bn loan to Egypt

World Bank has approved $1.15bln in a development policy financing loan to support Egypt’s economic reform programme. The World Bank has approved $1.15 billion in a development policy financing loan to support Egypt’s economic reform programme. This loan is the last in the series of three annual loans—called the Fiscal Consolidation, Sustainable Energy, and Competitiveness Development Policy Financing loans – …

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Saudi Tadawul hires Nasdaq for tech ‘transformation’

Tadawul to upgrade its post-trade technology, including registry, depository and risk-management systems, to be completed by the second half of 2020. DUBAI – The Saudi Stock Exchange has taken a major step toward transforming its financial infrastructure after signing a deal with Nasdaq, the US market based in New York. Tadawul, the Riyadh-based market, on Monday announced an agreement with …

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Almas Jiwani Joins Heads of State & Leaders at the Africa 2017 Forum in Egypt

Almas Jiwani will join heads of state and government as well as high level business leaders, officials and policy makers in Africa and the world in order to discuss a wide range of business and development issues in the continent and to engage with some of Africa’s most important economic partners and stakeholders at the Africa 2017 Forum, held under …

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‘Global Britain’ UK politicians are currently so eager to espouse will need to speak global languages

LONDON: While many teenagers at UK schools are typically learning how to conjugate French verbs or practicing how to order a cheese sandwich in Spanish, young people in a Northern Irish grammar school are busy perfecting their Arabic calligraphy skills. For the past year, the Belfast Royal Academy has been trialing Arabic lessons in an effort to encourage students to …

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