News

  Dubai / Emirates Business Dubai offers Lebanese tech startups the opportunity to gain global exposure and investment at one of the world’s most influential technology events, GITEX Technology Week. Significant investment is accelerating Lebanon’s US$400 million knowledge economy, which could add 25,000 ICT jobs and contribute $7 billion to the country’s GDP by 2025, according to a recent report ...

  Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has announced that it has registered and licensed close to 160 companies from a broad range of industries and sectors in its first year of operations. This achievement sets another new milestone in ADGM delivering on its ambition to support Abu Dhabi’s ...

  Frankfurt / Emirates Business As part of promoting Abu Dhabi’s culture and tourism potential globally, Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is participating in the Frankfurt Book Fair in Germany from October 19-23. At the Fair, a meeting was held between TCA Abu Dhabi and the State Administration of Press, Publication, Radio, Film and Television of ...

  Dubai / Emirates Business WiFi UAE announces that it is very close to 1.5 million sessions per month, with a quarter million unique users in the month of August alone. Almost half of the sessions (44%) lasted between 11 and 30 minutes, while 32% lasted between six and 10 minutes. Of the online activities, social interactions were amongst the ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and plans, initiates and drives its domestic and overseas promotions, has reported exceptional growth in Indian travellers to the emirate this year. The northern UAE emirate recorded a 22 per cent rise in Indian hotel guests between January and September ...

  DUBAI / Emirates Business LinkedIn, the world’s largest professional network celebrated the success of leading companies in MENA region in the talent acquisition and employer branding space by hosting the ‘LinkedIn Talent Awards’. Held for the second consecutive year, the awards recognized and acknowledged LinkedIn’s top customers in MENA for the great work and results they’ve been seeing during ...

  Bloomberg Qatar is considering investing in the $100 billion global technology fund formed by SoftBank Group Corp. and Saudi Arabia, according to people familiar with the matter. SoftBank Chairman Masayoshi Son has visited Doha and other parts of the Gulf region in recent months to discuss investments with global investors, one of the people said, asking not to be ...

  DUBAI / Reuters Saudi Arabia’s two biggest telecom operators reported weaker third-quarter earnings on Wednesday, as the cost of implementing a government initiative to register fingerprints with phone numbers weighed on both providers. A 7.5 percent drop in profit at market leader Saudi Telecom Co’s (STC) represented a continuation of an earnings slump which has now seen it report ...

  Reuters Egypt’s economy is likely to grow 3.5 percent in the 2016/17 fiscal year, missing the government’s target of around 5 percent and falling below last year’s growth rate, a Reuters poll showed. The poll, which surveyed 17 analysts, found growth would pick up only slightly to reach 3.7 percent the following fiscal year. Egypt has been struggling to ...

  Bloomberg Saudi Arabia is repaying debts to contractors after long delays that squeezed company finances and hurt investor sentiment. Finance Minister Ibrahim Al-Assaf said in a televised interview on MBC Wednesday that payments have been “regularized and will rise in the coming period.” While he didn’t offer details, three people familiar with the matter said the government has started ...