Thursday , 21 November 2019

Tag Archives: GCC

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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Zain first operator to offer 5G technology in Kuwait and GCC

Company succeeds in building integrated 5G network on world-class infrastructure Al Kharafi expresses gratitude to H.H. Prime Minister Sheikh Jaber Al Mubarak and H.E. Minister Anas Al Saleh. Al Kharafi values support of CITRA Chairman and CEO Salem Al Othaina in market outlook for telecom sector leadership. Zain active partner of public sector in contributing to the achievement of “New …

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UAE Space Agency to unveil investment strategy in October

Total Emirati investments in space sector valued at over $5.98bln so far in 2018 The UAE Space Agency has been preparing a full-fledged strategy to invest in the GCC country’s space sector in cooperation with relevant authorities. The anticipated strategy will be announced next October, according to the local business platform Arabian Business. The strategy aims at reinforcing the contribution …

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Hyperloop connections to boost GCC tourism infrastructure to $56bln by 2022

UAE ranked the most competitive in the region, driven by the development of multiple transport projects UAE – GCC capital investments in tourism infrastructure are expected to reach $56 billion by 2022, with the UAE ranked the most competitive in the region, driven by the development of multiple transport projects, according to the latest research published ahead of Arabian Travel …

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GCC tech companies close gender gap to unlock $100trillion in global GDP

Ann Gallo, chief communications officer of Hitachi Vantara, recently spoke at The Marketing Society UAE’s Leadership Breakfast, sharing her insights as the GCC technology companies work to close the gender gap and increase corporate competitiveness to unlock nearly $100 trillion in global GDP by 2025. Women in the GCC represent only two per cent of board positions and 13 per …

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Saudi Arabia, GCC to be connected by ultra-fast tube transportation system

The entire Gulf region will be connected through an ultra-fast tube transportation system, which will operate at a velocity of 1,100 km per hour. Founder of US-based Virgin Hyperloop One, Josh Giegel spoke to Arab News on Thursday soon after he signed an agreement with the MiSK Foundation for an ultra-fast tube transportation system and to train Saudi youths on …

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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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Artificial intelligence: GCC schools show more interest in adopting education technology-CEO

The Gulf region is showing more interest in adopting new technologies in the education sector, a chief executive officer (CEO) of an Abu Dhabi-based software company said. “Education is always a pillar of any economy,” Saleh Al Hashemi, the CEO of Alef, a privately-owned firm that sells education software to schools told Zawya in an interview on Monday on the …

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Exponential growth seen in GCC assets under management

Dubai is set to reinforce its status as the region’s leading financial hub with new legislation and regulation expected to attract inward investment as the GCC is forecast to see an exponential growth in assets under management to nearly $111 billion by 2020, a new study reveals. While fund managers in the UAE are expected to see their asset under …

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Apple v Samsung: Can new iPhone launch help revive sluggish GCC smartphones sales?

The Gulf’s mobile phone market remained flat in the second quarter of this year, but Apple will be hoping that sales of its new iPhones will help it overtake its rival Samsung and give the market a new lease of life. The new iPhone 8, launched last week, is already available for sale online in the United Arab Emirates, with …

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