Friday , 13 December 2019
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Investment

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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Investing in Iran’s Education Sector

Iran will still be a difficult market for education sector. ran sits at the cross roads of civilisations. Once the seat of the great Persian Empire with its rich, ancient and enchanting historical narrative, the country still retains a lasting allure. With a large, well educated and young population, a relatively high GDP per capita, and a strategic location, Iran …

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MENA startup update: $517mln investments YTD; UAE top in funding; rise in fintech deals

The UAE remains top recipient of funding, Egypt tops in deals The startup ecosystem is growing quickly in the Middle East and North Africa (MENA), with $517 million being invested in 354 deals in 2019 so far. 2019 year-to-date (YTD) saw $517 million in total funding, an increase of 30 percent compared to the same period of 2018, with a …

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Oman, the UAE and Bahrain named rising stars of trade

Three Middle Eastern countries rank in the Standard Chartered Trade20 Index, which identifies the markets with the greatest potential for future trade growth Oman and the UAE feature in the top 10 markets that have most rapidly improved their trade growth potential over the past decade, according to new research from Standard Chartered (SC.com). The Trade20 Index, which identifies the …

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Dubai CommerCity to showcase growing e-commerce opportunities in the MENASA region at E-Commerce Expo 2019

Exhibition to be held from September 25-26 at Olympia, London DCC will be the ideal regional hub for e-commerce businesses looking to offer services in the Middle East and beyond, given its strategic location close to Dubai International Airport (DXB), the world’s busiest international airport. It will optimize the experience of foreign investors by offering solutions that ensure ease of …

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