Friday , 23 February 2018

Tag Archives: Technology

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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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, …

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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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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 …

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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 …

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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 …

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Artificial intelligence: GCC schools show more interest in adopting education technology-CEO

The Gulf region is showing more interest in adopting new technologies in the education sector, a chief executive officer (CEO) of an Abu Dhabi-based software company said. “Education is always a pillar of any economy,” Saleh Al Hashemi, the CEO of Alef, a privately-owned firm that sells education software to schools told Zawya in an interview on Monday on the …

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Amazon to open data centers in Middle East by early 2019

Amazon Web Services (AWS), an Amazon.com company, has announced that it plans to open an infrastructure region in the Middle East by early 2019. The new AWS Middle East Region (Bahrain) will consist of three Availability Zones at launch. Currently, AWS provides 44 Availability Zones across 16 infrastructure regions worldwide, with another 14 Availability Zones, across five AWS Regions in …

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New $250 million Dubai tech fund to target 15 investments

The new $250 million technology investment fund launched on Wednesday by Middle East Venture Partners (MEVP) will invest in about 15 companies, including a number of its existing portfolio companies, CEO Walid Hanna has said. Speaking to Zawya on the sidelines of the launch in Dubai, Hanna said he was “absolutely confident” of being able to source enough investible businesses. …

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