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Tag Archives: Technology

Technology will help drive the next wave of growth in UAE

Boost in efficiency with leaner organisations, resources to invest in other areas of growth Commonly, businesses require a great deal of support to process government and corporate transactions such as licensing, leasing, visa issuance and customer care. The level of support received has become a fundamental factor in evaluating any business environment, as it enables companies to get their business …

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Building a new way of operating: The use of blockchain technology in construction, real estate

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day A lot of hype surrounds cryptocurrencies such as Bitcoin, one of the largest public blockchain networks, but cryptocurrencies represent only one application of blockchain technology. From a construction and real estate industry perspective, especially real estate finance, blockchain’s …

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UAE cyberattacks down 48%

There were 155 cyberattacks against UAE websites in the first four months of 2018, down from 297 over the same period last year According to state news agency WAM, this decrease could reflect the success of the “National IT Emergency Response Team” of the Telecommunications Regulatory Authority (TRA) in deterring hacking attempts. Cyberattacks during the first four months of the …

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Gateway Gulf concludes with focus on technology-led future growth

Manama, Bahrain: The final day of investment forum, Gateway Gulf, highlighted opportunities for foreign direct investment being driven by economic diversification across the GCC. At the forum, H.E. Eng. Ibrahim Al-Omar, Governor, Saudi Arabian General Investment Authority (SAGIA), spoke about the growing inward investment opportunities in Saudi Arabia and the region: “13 per cent of the world’s trade passes through …

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MEA blockchain market likely to top $80mln in 2018

Future Blockchain Summit aims to demystify blockchain and unlock multi-billion dollar opportunities for the global blockchain industry Spending on blockchain solutions in the MEA region is set to grow from $38.9 million spent in 2017 to $80.8 million by the close of 2018, said the organisers of the inaugural Future Blockchain Summit opening in Dubai, UAE today (May 2). Spending …

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Bahrain is about to collaborate with a country to support the FinTech sector, find out who it is

According to the Bahrain Economic Development Board (EDB) Financial Services Executive Director, David Parker, Bahrain is planning on collaborating with Malaysia’s financial sector since both markets are in similar development phases when it comes to the FinTech sector. “We can work on our strengths because Malaysia and Bahrain both have relatively newly implemented policies when it comes to fintech. I …

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Smart Cities Global Summit to take place in Africa gathering International Government and Industry leaders to assess regional Smart City technology and investment strategies

Government’s role in stimulating new technology and Smart cities investment will be a key focus of the event agenda, with eight key Smart City investment themes featured over 50 sessions Smart Cities Global Technology & Investment Summit 2018 (www.SmartCityAlgiers.com) has been announced to take place in Algiers, Algeria, on June 27-28, gathering international Government and Industry leaders to assess global …

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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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UAE Ministry of Finance counts down to Finovate Middle East

More than 400 leaders in the fintech industry will gather in Dubai this month. DUBAI- More than 400 leaders in the fintech industry will gather in Dubai this month to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE Ministry of Finance, MoF, and showcasing the latest …

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Alibaba Cloud to open its second data centre in Dubai next year

Company’s long-term goal is to establish cloud computing as digital foundation for new global economy Dubai – Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group, is set to open its second data centre in Dubai next year, a top company official said. The company opened its first new data centre in the Middle East in Dubai …

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