Monday , 19 November 2018
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Google Pay launched in the UAE

Google Pay will allow users to make purchases using Android devices at stores Internet giant Google announced the launch of its contactless payment service in the UAE, furhter ramping up the competition sector that is gaining wider acceptance. Google Pay will allow users to make purchases using Android devices at stores that accept contactless payments, as well as across all …

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Arab policymakers more supportive of SMEs to aid jobs growth, says founder of new SME ratings agency

Nashwa Saleh says new Cairo-based business will initially target medium-sized businesses across the EMEA region Rising unemployment rates in Arab countries have made policymakers more interested in supporting Small and Medium-Sized Enterprises (SMEs) over the past few years, the head of a new SME ratings agency has said. Nashwa Saleh, an Egyptian entrepreneur and a former director at ratings agency …

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Ford, HCT Amplify Drive and Innovation with Abu Dhabi’s First Henry Ford Entrepreneurship Academy Workshop

Ford continues partnership with the Higher Colleges of Technology (HCT) for the latest installment of the Henry Ford Entrepreneurship Academy (HFEA) workshop, with inaugural session in Abu Dhabi  HCT Abu Dhabi Women’s Campus participants received cutting-edge training from Virginia Commonwealth University (VCU) and insights from local entrepreneurs on steps and activities for creating and sustaining new ventures  Abu Dhabi marks …

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Green investments have no consistent definition- analysts

ADGM’S Financial Development Centre head argues projects offering a “greening of brown industries” should be considered A lack of consistent definition or a clear explanation of what makes an investment sustainable or green is posing a challenge to the industry in the region and globally, two analysts have said. “There is a lack of consistent definition,” Steve Barnett, the head …

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DWS Group acquires stake in digital investment platform Neo Technologies

DWS Group enters into a strategic partnership and acquires an equity stake of 15% in Neo Mena Technologies Neo Technologies is a first mover in digital asset management solutions for financial institutions in the MENA region, based out of the Dubai International Financial Centre Neo team has worked with NBK Capital to launch Kuwait’s first digital investment service DWS Group …

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DIFC will make first investment from $100mln fintech fund “shortly”

Fund is “in the process of being seeded and structured as we speak”, says chief business development officer Salman Jaffery The first investment to be made from the $100 million financial technology (fintech) fund launched by Dubai International Financial Centre (DIFC) is set to be made “shortly”, according to the centre’s chief business development officer, Salmaan Jaffery. Speaking to Zawya …

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Mideast Stocks: Qatar firms after cabinet reshuffle; other markets subdued

Gulf markets broadly negative Doha’s main index closed up 0.5 percent at 10,331 points, with petrochemicals, metals and fertiliser producer Industries Qatar jumping 1.4 percent, Qatar Islamic Bank adding 1.1 percent, and Qatar National Bank (QNB) rising 0.8 percent. In Saudi Arabia, the main index was down 0.4 percent, with heavyweight Al Rajhi Bank and petrochemical giant SABIC losing 0.7 …

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Abu Dhabi Investment Office’s $1.36bln projects to boost economic diversification

Abu Dhabi is looking at a big push into the tourism sector. UAE – Abu Dhabi Investment Office is giving wings to the Government’s Vision 2030 of economic diversification with real estate projects worth Dh5 billion. ADIO adviser Mohamed Al Hosani said Delma Island – considered the most difficult place to invest – will see massive uplift with implementation of …

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Blockchain technology seen to boost global Islamic finance sector: GIES 2018

Industry experts at GIES 2018 in Dubai examine impact of advanced technologies on Islamic banking The adoption of blockchain, artificial intelligence, cryptocurrencies and other advanced technologies are expected to have a positive impact on the global Islamic finance sector and create new benefits and opportunities for banks and consumers alike, according to industry experts speaking at the Global Islamic Economy …

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Egypt and the United Nations Celebrate a Successful Partnership of 73 Years

The celebration also featured a bazaar featuring products developed with the technical support of various UN Agencies, Funds and Programmes and their partners The United Nations in Egypt in cooperation with the Egyptian Ministry of Foreign Affairs, organized a ceremony under the slogan “United for a Sustainable Future” at the Opera house in Cairo yesterday. The celebration was on occasion …

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