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  Dubai / Emirates Business The Middle East’s digital industry is currently enjoying continuous growth fuelled by increased enthusiasm from consumers who are ready to quickly embrace new digital offerings, thus transforming the region into a potential digital hub. By 2025, the Middle East is estimated to have 160 million potential digital users that will largely contribute to rapid economic ...

  Bloomberg European Union policy makers intensified their criticism of Prime Minister Theresa May’s plans to leave the bloc, saying that the UK appeared clueless about the implications of Brexit. The pound sank to an intraday low after Slovak Prime Minister Robert Fico said it’s not clear that the UK knows what it wants and European lawmaker Manfred Weber demanded ...

  PARIS / AFP UK consumers’ view of the economy’s long-term prospects have deteriorated since the country voted in June to leave the European Union. IHS Markit’s index of economic optimism over the next 10 years dropped to minus 18.4 percent in November from minus 11.1 percent in August and minus 3.5 percent in July, it said on Tuesday. The ...

  Brussels / AFP The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, a draft proposal seen by AFP said. The European Commission, the executive body of the 28-nation European Union, on Wednesday will announce a series of ...

  Bloomberg Brexit may have wounded London’s reputation as a leading hub for financial-technology companies, but now an unlikely hero is helping to protect its edge: the UK regulator. Take SETL, a startup that seeks to harness blockchain technology. The London-based firm says it became the first to use the digital ledger, which is the same architecture bitcoin uses, to ...

  Dubai /WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minster of the UAE and Ruler of Dubai, on Tuesday launched the UAE University (UAEU) Science and Innovation Park on the university campus in Al Ain. He unveiled the plaque of the UAEU Science and Innovation Park, a-first-of-its-kind research hub and student innovation incubator in ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minster of the UAE and Ruler of Dubai will honour 45 Emirati pioneers and distinguished entities, taking part in the ‘Year of Reading’, at the 3rd edition of UAE Pioneers Award 2016, which will be held on November 28. The Award celebrates the pioneers’ important ...

  Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), hosted its second DSO Innovation Festival 2016. The event was hosted at Dubai Silicon Oasis in line with the UAE Innovation Week initiative announced in 2015 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The DSO Innovation ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is highlighting its new initiatives aimed at further enhancing the overall visitor experience and boosting green tourism practices, as part of the activities that are being held during UAE Innovation Week from November 20–26. Dubai Tourism has set up an exhibition stand at BOXPARK, the offbeat ...

  Dubai / Emirates Business The UAE is on track to becoming one of the most innovative countries in the world, says Freek Vermeulen, Term Associate Professor of Strategy and Entrepreneurship, London Business School. “In 2014, the UAE defined the very ambitious target to become one of the world’s most innovative countries in the world in just seven years,” says ...