Sunday , 22 April 2018
Breaking News

Tag Archives: Technology

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Careem Launches Student Ambassadors Program in Jordan

Careem, the leading ride-hailing service in the MENA region, Turkey, and Pakistan, has announced the launch of its Careem Ambassadors Program, which provides university students in Jordan with the opportunity to learn invaluable skills and take their career prospects to new heights. Students from a number of local universities – including the University of Jordan, Princess Sumaya University for Technology, …

Read More »

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 …

Read More »

The Big 5: Robots, 3D printing aren’t feasible yet due to cheap labour costs – construction experts

Traditional forms of construction are still the norm in the Middle East as the low labour costs means there is no major incentive to adopt new innovative methods From Burj Khalifa to twisted towers, the Middle East is famous for its outlandish skyscrapers and buildings, constantly pushing the boundaries of architecture and engineering. Despite this, the construction process to bring …

Read More »

Fear of failure holding back potential UAE entrepreneurs

Saudis have higher rates of entrepreneurial activity but few fledgling firms survive Entrepreneurs in the United Arab Emirates have a higher fear of failure than in any other nation in the Middle East and North Africa (MENA) region, according to a new report. The MENA Regional report published by Global Entrepreneurship Monitor, a research body which studies countries’ approach to …

Read More »

Bahrain launches largest fintech hub in MENA region

The Bahrain Economic Development Board (EDB) and FinTech Consortium (FTC) have launched Bahrain FinTech Bay (BFB), the “largest dedicated fintech hub in the Middle East and Africa”. The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions. BFB, with an area of over 10,000 square …

Read More »