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Tag Archives: UAE

Why do UAE and Saudi Arabia want to use blockchain?

Last week, the UAE’s central bank announced it was working on a joint cryptocurrency, based on blockchain, with its counterpart in Saudi Arabia Since beginning its dramatic rise in value over a year ago, many commentators have pronounced bitcoin dead, saying instead that the true value of the polarising digital currency was to be found in its underlying technology, blockchain. …

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Space time: What applicants need to know to win a seat on the UAE Astronaut Programme

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day. Participation in the United Arab Emirates’ recently announced astronauts programme is a once-in-a- lifetime opportunity that should not be missed, two of the initiative’s top officials said on Monday. Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum last …

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A long shot: MENA employers receive 1,000 applications per job – Bayt.com CEO

11Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day. The Middle East and North Africa region has witnessed a massive growth in the number of jobseekers since 2011, but the number of jobs available has been declining, according to the chief executive of a regional jobs website, …

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Challenges may come, but UAE’s ready for it

UAE’s resilience puts it on track to double economic growth in 2018 The UAE economy, resilient to global and regional headwinds, has been on a steady rebound in 2017, despite predictions of a slowdown in economic growth elsewhere in the region. Economists and analysts predict that the UAE – marking its 46th year as one of the fastest-growing economies in …

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New taxes need not affect UAE’s ease of doing business – expert

MENA countries achieve better scores in Paying Taxes report due to lighter tax regimes in many Gulf states The United Arab Emirates’ position in the annual Paying Taxes rankings compiled by the World Bank and PwC will not be impacted by the introduction of new forms of taxation if they are implemented smoothly, according to an expert . Speaking at …

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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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UAE central bank to set up cybersecurity department for financial institutions – governor

By Nada Al Rifai UAE central bank governor said a minimum set of standards for cybersecurity controls will be established in coordination with the National Electronic Security Authority The central bank of the United Arab Emirates has taken a set of decisions to mitigate cyber-risks that are likely to increase with the digitalisation of financial services, its governor said today. …

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GCC countries adopt draft UAE regulations for electric vehicles

GCC Standardization Organization, is currently preparing the draft of GCC regulations according to the UAE project. ABU DHABI- GCC countries have adopted the UAE’s draft regulations on the use of electric vehicles, thanks to their positive features which take into account safety requirements, overall performance of electric vehicles, and their adaptation to weather conditions in the region. Abdulla Al Maeeni, …

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UAE ready to become world’s future capital: Sheikh Mohammed

The future is easy to forecast when countries embrace data and technological advances and use them for development, Sheikh Mohammed said The UAE has what it takes to become the world’s future capital, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. “It has kept pace with technology and …

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UAE economic growth to stay resilient

Non-oil growth in the UAE will remain resilient in 2017 while in the medium term, while economic activity will strengthen on the back of firmer oil prices and a rebound in global trade, the World Bank said on Thursday. While an Opec-mandated oil production cut restricts oil growth, firmer oil prices, a rebound in global trade and easing of fiscal …

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