Thursday , 12 December 2019
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The International Islamic Trade Finance Corporation (ITFC) and OCP Africa unite for the strategic financing, innovation, and capacity building of agriculture in Africa

ITFC and OCP Africa will jointly introduce a new “OCP School lab” campaign in Senegal in November 2019 The International Islamic Trade Finance Corporation, (ITFC, International Islamic Trade Finance Corporation) (ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, and OCP Africa ) (OCPAfrica.com), a subsidiary of OCP SA, have signed a Memorandum of Understanding (MoU) that will cater …

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Dubai’s Expo Live offers opportunities for global innovators, social entrepreneurs

Expo Live projects look for solutions across 14 different sectors, including agriculture, education, environment, employment, energy and healthcare Expo Live, the $100 million innovation and partnership programme of Expo 2020 Dubai, supports social entrepreneurs across the region and the world with funding, guidance and exposure. The programme, which was launched back in 2016 by Expo 2020, has received to date …

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Smart Dubai is developing 30 blockchain projects: PwC

50% of government transactions to be on Blockchain by 2021 Government departments in the UAE are adopting blockchain technologies faster than the private sector, and there are more than 30 projects under development as part of Smart Dubai initiative alone. The UAE has undertaken a broad and multi-faceted blockchain-themed initiative called Emirates Blockchain Strategy 2021, global consultant PwC said in …

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UAE’s Arabtec talks with UBS to advise on potential Trojan merger deal

In September, the Dubai listed contractor said that it has commenced with Abu Dhabi-based construction group Trojan Holding a review of the possibility of combining their construction businesses. UAE’s Arabtec Holding is in negotiations with UBS to appoint the bank as financial advisor to assist the preliminary review and evaluation of a potential business combination with Trojan Holding. In September, …

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Jordan: Pio-Tech Sponsors New Trends in Computing Sciences Conference

Under the Patronage of HRH Princess Sumaya bint El Hassan Amman – Jordan: Pio-Tech, the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa, served as the main sponsor of the 2nd International Conference on New Trends in Computing Sciences (ICTCS’19). Held at the St. Regis Hotel & Residence, under the patronage of …

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GCC companies must improve execution of their digital transformation strategies to make significant progress

A survey by Strategy& found that just five percent of companies in Europe, the Middle East, and Africa implemented critical technologies that help to foster digitization While the importance of digitization in business is widely accepted and several corporate leaders believe that it can be a major boost to revenue as well as profitability, the outcomes of companies executing their …

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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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Muzn Islamic Banking promotes quality education through education finance

Muzn Education Finance is based on the Islamic principle of Service Ijarah. Muzn Islamic Banking recently launched its Muzn Education Finance to assist aspiring individuals to achieve their educational goals. An affordable and Shariah compliant product, students can now get financing for college and university degrees and diplomas in addition to short term educational programs offered by local and international …

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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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National Bank of Fujairah partners with Fintech Galaxy

Fintechs which participated NBF’s challenge presented solutions for account aggregation and instant settlement and digitisation for the Murabaha process National Bank of Fujairah (NBF) has announced its partnership with Fintech Galaxy, a fintech digital crowdsourcing platform. Recently the bank participated in the MENA Fintech hackathon organised by Fintech Galaxy, which brought together the region’s leading banks, regulators, industry experts and …

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