Tuesday , 28 January 2020
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Investment

HSBC voted top trade finance bank in Middle East as digital investment yields results

“As the world’s leading trade finance bank, HSBC is investing in digital to transform trade and enhance customer experience,” said Sunil Veetil, Head of Global Trade and Receivables Finance for HSBC in the Middle East, North Africa and Turkey. HSBC has been voted by customers as the #1 trade finance bank in the Middle East region in the 2020 Euromoney …

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Bahrain FinTech Bay to host “OpenX 2020” Open Banking Conference

MAGNiTT, a MENA startup data platform, released its flagship 2019 MENA Venture Investment Report this week. The report provides an in-depth analysis of startups and venture capital (VC) investment across the Middle East and North Africa (MENA). 2019 marks a record year for key indicators including number of investments, number of exits, and the total number of investors investing in …

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UAE marching towards becoming a $500bln economy

Leadership determined to scale new heights by boosting all sectors. Rapid economic diversification underpinned by a string of bold reforms and a series of government stimulus measures are set to drive UAE growth at a steady pace as its gross domestic product (GDP) remains on track to surpass the $500 billion mark over the next few years. The latest projections …

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Investors, take note: Top five UAE investment opportunities for 2020

At the moment, from a geopolitical perspective, the Middle East region and the UAE look reasonably stable relative to historical trends. In a wide-ranging interview Anita Yadav, CEO of Century Financial, picks the investment opportunities available in the UAE. What would be the top 5 investment opportunities for investors in UAE for 2020? Right now in the UAE there is …

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Abu Dhabi’s Mubadala ‘not in a rush’ on Softbank’s tech fund investment

The state fund is now focused on over 80 companies in Vision Fund 1. Abu Dhabi state fund Mubadala Investment Co. is assessing the strategy of Vision Fund 2, Softbank’s second technology fund, and is currently focused on the companies in the first fund, according to one of its senior executives. “We are not in a rush to make a …

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MENA has $100bln of clean energy projects in pipeline

Total investment in clean energy is forecasted to exceed $300bln by 2050. The MENA region has $100 billion worth of clean energy projects currently in the pipeline, according to a report by Energy & Utilities. The report estimates total investment in clean energy to exceed $300 bn by 2050 if the region’s utilities are to meet their ambitious targets. Middle …

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Microsoft’s AI Business School Expands Investments to Cover Government and Education Sectors

Microsoft has rolled out a new release of its AI Business School, as part of its efforts to empower governments, businesses decision-makers and education leaders in their digital transformation journeys. “AI has come into mainstream today, and it’s changing how work is done across all sectors and industries. This calls for everyone to skill, upskill and reskill their capabilities in …

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Global Grad Show Opens: The world’s largest and most diverse gathering of universities is open to the public

Held in partnership with Investment Corporation of Dubai, Global Grad Show opened its 5th and most diverse edition to date. 150 graduate projects address solutions for a better future, addressing issues ranging from health and science, to gender and education This year’s expanded programme includes an Entrepreneurship Programme supported by R.M. Holding, which has pledged a AED 10 million fund …

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Omar Al Olama inaugurates Ingram Micro’s experience zone at the innovation hub in Dubai Internet City

Showcasing Active Applications of Artificial Intelligence in Security, Transport, Medicine, Environment, and Smart Cities HE Omar Al Olama, Minister of State for Artificial Intelligence, inaugurated Ingram Micro’s Experience Zone, part of the company’s regional Head Quarters located in the Innovation hub at Dubai Internet City. The Zone showcases numerous Artificial Intelligence-driven Computer Vision and IoT use cases, including applications for …

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Bahrain is one of the top 10 most-improved economies in the world – World Bank

Bahrain is ranked among the top-10 most improved economies in the world according to a World Bank report that assessed 190 countries. The Doing Business 2020 report showed that Bahrain advanced 19 places to the 43rd place since last year. The Arab kingdom has implemented a comprehensive economic reform programme as part of its Economic Vision 2030, increasing its foreign …

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