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SportTech Summit to attract global stakeholders

  ALKESH SHARMA / Emirates Business Technology is casting its spell on almost all the industries, including unconventional sectors like sports. Industry experts say that technology, if used judiciously, can be a major revenue-churner in the sports field. Positive impacts of technology could be felt on sporting venue designs that have the ability to drive performance through implementing out-of-the-box advertising ...

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LinkedIn Sales Navigator gets new update

  Emirates Business In the biggest upgrade to its flagship product for sales professionals since its launch, LinkedIn, the world’s largest professional network, has released three new updates for its Sales Navigator product. The newest service for businesses from LinkedIn is used by companies including Santander, Vodafone, and JLL to find new customers and build their businesses. LinkedIn Sales Navigator ...

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Al Jalila Cultural Centre promotes eco-friendly tech

  Dubai / Emirates Business In partnership with Microsoft, the world’s leading IT solutions provider, Al Jalila Cultural Centre for Children (AJCCC) recently received a software donation grant from their Technology for Good programme. The software solutions will make possible a paperless, eco-friendly environment that will improve and streamline the Centre’s interactions with its stakeholders, parents, partners and suppliers. The ...

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Nuclear energy vital for Gulf

  Manama / TNS Gulf countries need to seriously consider nuclear power as an alternative source of energy, a new study has said. “With a growing need for electricity and a scarcity of water, along with shortages of oil and gas reserves and fluctuation of prices, resorting to nuclear energy as a strategic option could be a choice for many Arab ...

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Bahrain records strong quarterly growth

  WAM Bahrain experienced a pronounced pick-up in its headline growth during the first quarter of the year. According to the latest Bahrain Economic Quarterly (BEQ) issued by the Economic Development Board (EDB), growth reached 4.5%, its highest level since 2014, led by the 12.1 percent year-on-year growth in the oil sector. According to Bahrain News Agency, the report also ...

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Libyan Hariga oil port resumes work

  WAM Oil exports from the eastern Libyan terminal of Hariga have resumed after a pay protest by guards ended, but production at the major eastern oil field of Sarir would remain suspended, officials said on Wednesday. Port director Yassin Ahmed said a Maltese-flagged tanker had docked at Hariga after guards had been promised two years of unpaid wages, and ...

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Barclays begins process to sell Egyptian unit

  Reuters Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business, sources familiar with the matter said. The UK-based lender is offloading its Africa unit as part of a plan by Chief Executive Jes Staley to simplify its structure and ...

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Saudi Aramco inks contracts to build Fadhili gas project

  Reuters State oil giant Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company said on Wednesday. The project is worth more than 50 billion riyals ($13.3 billion) and, when completed in 2019, will be the first programme in the kingdom to treat gas from both onshore and offshore fields. The company signed a ...

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Foreign investments volume in Sudan up US$ 42 billion

  WAM The foreign investment volume in Sudan increased to US$ 42 billion following a package of incentive measures to increase the flow of investments and encourage investment in transformational manufacturing, according to the Sudanese Minister of Investment Mudathir Abdul-Ghani. In a statement issued today, he said that the government of Sudan has allowed investors to bring along their equipment, ...

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Saudi govt to offer about 20 bln riyals bonds to banks

  REUTERS Saudi Arabia’s government has contacted banks to sell them about 20 billion riyals ($5.3 billion) of bonds in its domestic debt sale this month, the Maaal financial website reported, quoting unnamed sources. Since last August, government has been selling around 20 billion riyals of domestic bonds to banks every month to fund a budget deficit caused by low ...

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