Tag Archives: Technology

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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iPhone 8s to hit UAE stores on September 23

Abu Dhabi: Avid Apple consumers will have to wait until later next month to order the new iPhone X but etisalat announced on Friday that it will begin offering the new generation iPhone 8 starting Saturday, September 23, at all Etisalat stores in UAE. The announcement comes shortly after Apple rolled out the iPhone 8 and the iPhone X in …

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The need for co-ordinated African research and development claimed top spot on rail conference agenda

Hon. Okello addresses first summit of the Organisation of Islamic Cooperation on Science and Technology. Hon. Okello who is leading a 9-person delegation is attending the First Summit of the OIC on Science and Technology which runs from 9-11th September 2017 in Astana, Kazakhstan Minister of State for Foreign Affairs in charge of International Affairs, Hon. Henry Oryem Okello, has …

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Dubai and Siemens agree to develop 3D printing for metro parts

Dubai’s Roads and Transport Authority (RTA) has signed an agreement with Siemens to help develop its ability to produce spare parts for the Dubai Metro using 3D printing technology. A statement by the RTA said the agreement “enhance RTA’s already applied 3D printing initiative”, as well as extending the sourcing, availability and reliability of spare parts for the metro. The …

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Middle East and Africa to spend $8bln on IoT in 2017

Middle East organizations are adopting the latest Internet of Things (IoT) technology infrastructure to drive the wider region’s $8 billion market, global IoT enabler SAP recently announced. As the inter-connected IoT era advances, Middle East organizations are forced to manage a vast network of connected devices, wearables, and physical objects — from cars to oil drills. Using machine-to-machine technology, organizations …

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Dr. Dougbeh Nyan Wins 2017 African Innovation Special Prize Award

Liberian scientist and medical doctor Dougbeh Chris Nyan has won the prestigious Innovation Prize for Africa Award for Social Impact, according to a press release. Dr. Nyan won the award for his invention of a medical test that can detect and identify many infections in less than one hour using one test. According to experts, ‘the Nyan-test’ is easy to …

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