Thursday , 18 October 2018

Tag Archives: Technology

Lack of regulation may have hindered fintech development – MEVP CEO

The amount invested in fintech firms around the world in the first half of 2018 has surpassed the figure for the whole of 2017 Investments in financial technology (fintech) companies in the Middle East and North Africa (MENA) have been lower than in other parts of the world due to the lack of a regulatory framework, meaning that few firms …

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Huawei gears up for “Huawei Day Bahrain 2018”

H.E. Eng. Kamal bin Ahmed Mohammad, Minister of Transportation and Telecommunications will be the guest of honour as Huawei shines spotlight on 5G, Safe Cities and other digital transformation drivers in Bahrain Manama, Bahrain: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, will be hosting the “Huawei Day Bahrain 2018” on 02 October …

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Dubai’s high-tech sector attracts $21.7bln

Emirate a top global destination for technology transfers like artificial intelligence, robotics Dubai attracted $21.66 billion worth of foreign direct investment in high-end technology transfers in three years to emerge as the top global destination for FDI in technology transfers like artificial intelligence and robotics, according to organisers of Hitec Dubai 2018. Dubai’s Department of Tourism and Commerce Marketing (DTCM) …

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SettleMint & Centurion announce partnership to bring Blockchain technology to the MENA region

SettleMint & Centurion are pleased to announce their partnership to enable SettleMint’s cutting edge Blockchain technology to Centurion&Co’s impressive list of clients in the MENA region. The combination of SettleMint’s technology and Centurions expertise in Fintech, Blockchain and Digital Transformation in the region will be leveraged to support Government, Telecom, BFSI and Healthcare in the realization of their Blockchain projects. …

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Careem partners with Rehlat to provide new services

Rehlat’s partnership with cab aggregator Careem will allow users to not only book flights and/or hotels but also cabs Mubasher: The Dubai-based Careem has signed a partnership agreement with Rehlat, an online travel company in the Middle East, which gives customers access to Careem service directly and flawlessly through Rehlat App. Aiming to offer the first-and-last-mile connectivity, Rehlat’s partnership with …

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Bahrain Tech Week to showcase new opportunities for growth

Bahrain’s Cloud First policy estimated to have saved 90% in government ICT infrastructure expenditure since last year’s event Manama, Bahrain: The Bahrain Economic Development Board (EDB) today announced that the Kingdom will host Bahrain Tech Week from 28 September to 7 October 2018, bringing together technology experts from government, major private-sector entities and startups to explore how digital innovations can …

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Yahsat and Hughes to Form Joint Venture to Deliver Satellite Broadband Services

Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ : SATS ), today announced an agreement to enter into a joint …

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Mideast spearheading $2.6trn smart cities market

Cities are the nexus for the IoT, with global connected things set to nearly double from 11 billion in 2018 to 20 billion by 2020, according to Gartner. By Staff Writer, TradeArabia DUBAI – The countries in the Middle East and North Africa (Mena) region, especially with initiatives from across the GCC, are spearheading the global smart cities market, which …

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Saudi PIF in talks to invest in aspiring Tesla rival Lucid

The talks between privately-held Lucid Motors and PIF underscore the latter’s appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom’s investment portfolio By Dasha Afanasieva, Harry Brumpton, Reuters News PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his …

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Dubai marches towards becoming the smartest city

Dubai government is saving Dh5.6 for every one dirham spent by Smart Dubai Dubai’s march towards becoming the world’s first smartest city continues unabated as the emirate has been ranked the ‘Most Innovative City’ in the region. It is also No.1 for deployment of smart city applications and has the highest awareness, usage and satisfaction among its residents. Industry executives …

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