Monday , 24 September 2018

Tag Archives: Middle East

JadoPado founder drops plans for Middle East crypto exchange

Omar Kassim says regulators, banking sector and decline in crypto asset values made establishing BitPado as a profitable business would be a struggle Omar Kassim, the digital entrepreneur who sold e-commerce site JadoPado to competitor noon last year, has halted plans to create a new cryptocurrency exchange in the United Arab Emirates. Kassim had announced plans to launch a new …

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Blackboard and Higher Colleges of Technology Establish Digital Education Center of Excellence in the Middle East

Blackboard and the Higher Colleges of Technology (HCT), the United Arab Emirates’ (UAE) largest education institution, extended their partnership to create the first Blackboard Center of Excellence in the Middle East. Signed in the presence of Dr. Abdullatif Al Shamsi, Vice Chancellor of HCT, Dr. Jihad Mohaidat, Executive Dean – Ed Tech of HCT and Bill Ballhaus, Chairman, CEO and …

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All quiet on the investment front?: Middle East venture capital funding lower, but market conditions remain positive, funders say

The $112 million raised in VC funding by Mena firms is lower than 2016 and 2017 when big bets were made on Souq.com and Careem Still, Wajdi Ghoussoub, associate director of venture capitalist firm Middle East Venture Partners (MEVP), did not think that the lower value of money invested was an issue for concern. In response to questions by email, …

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China’s Xi pledges $20bln in loans to revive Middle East

The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said Chinese President Xi Jinping on Tuesday pledged a package of $20 billion inloans and $1.6 billion in financial aid to countries in the Middle East, as part of what he called an “oil and …

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UAE leads Middle East in digital competitiveness

Emirates ranking jumped one place to 17th globally The UAE’s global ranking in digital competitiveness continued to improve as it secured the 17th position in IMD World Digital Competitiveness 2018 report. The region’s second biggest economy also maintained its lead in the Middle East chiefly due to Dubai’s strong push towards digitisation and embracing new technologies to make the emirate …

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500 Startups invests in 12 Middle East and North Africa (MENA) startups as part of the second ‘MENA DOJO’ series a program

Silicon Valley based 500 Startups, the most active early-stage Venture Capital firm in the Middle East and North Africa (MENA) region, has announced twelve pre-Series A regional companies participating in the second edition of the MENA Dojo Series A Program following a very rigorous selection process. The startups in this batch include : Eyewa, online glasses and contact lenses retailer; …

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Digital transformation of Service Economy can drive growth across Middle East and Africa says World Bank

Rabah Arezki, Chief Economist for Middle East and North Africa Region (MNA) at the World Bank will be addressing this subject in a Keynote Speech: “A new economy for MENA – how the service economy and digital transformation can drive growth and job creation across the region” Investment into digital transformation in the major Cities of the Middle East and …

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Forbes Middle East hosts its first healthcare event

Three panel discussions discussed future of healthcare. Forbes Middle East has held its first healthcare event highlighting the current trends and potential opportunities in the healthcare sector, built around a series of panel discussions and keynote speeches by industry leaders. Moderated by PwC, conversations centered around shaping the future of healthcare, finding a balance in pharma and implementing machine medicine. …

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SA: New dawn to bring hope for Gauteng residents

The world’s second biggest mobile operator has spent several years selling minority stakes Vodafone said on Monday it would sell its stake in Vodafone Qatar to its joint venture partner, the Qatar Foundation, for 301 million euros ($371 million) but keep its red brand present in the country under a future partnership deal. Qatar has faced an embargo from Arab …

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Middle East M&A activity rallies in Q4 2017

Global M&A deal-making in 2017 stayed in line with 2016 levels, with overall global deal volumes rising slightly by three per cent and flat growth in terms of value, and Middle East activity rallied in the last quarter of the year, according to the latest report by global law firm Baker McKenzie. Despite tighter scrutiny on foreign deals, the United …

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