E-marine launches world’s newest eco-friendly cable-laying vessel in Dubai

Strengthening its dominance in the sub-sea cable market, E-marine, the Middle East’s principal provider of submarine cable solutions, recently launched its newest cable-laying vessel, the CS Maram, in Dubai. The newest in E-marine’s fleet of five vessels, and the fourth in its cable-laying fleet, CS Maram is considered to be the most modern eco-friendly cable ship ever built. Read More »

InnoVacient launches program to impact economic development capabilities of Saudi Arabia

InnoVacient LLC and Lamarka Consulting have revamped the InspireU Technology and Entrepreneurship Center of Excellence in Riyadh. InspireU aims to advance job creation and economic growth across the kingdom through innovative solutions that will help improve the standard of living in Saudi Arabia and lead the state away from an oil based economy. Read More »

Study finds substantial increase in mobile commerce in the Middle East, Africa during Ramadan

Criteo’s recent report on online retail and travel industries across the Middle East and Africa region shed light on the increasing importance of mobile commerce for retailers during last year's Ramadan. The study revealed that mobile was the preferred device throughout the Ramadan period, with spending increasing from 44 percent two weeks before Ramadan to 49 percent by the last week. Read More »

ZenLayer expands Into Dubai

Zenlayer, a global network and service provider of SDN (software-defined networking) technology, recently expanded its colocation and hosting capabilities with Equinix into Dubai and Melbourne, Australia.These two markets joins ZenLayer’s existing network of 50 data centers worldwide. As a service provider, ZenLayer connects companies and other parties in many different ways. Read More »

Auditing sovereign wealth funds: Qatar Investment Authority at the back of the class

In the past few months, Qatar Investment Authority officials announced fund managers are making moves toward investing $35 billion in U.S. interests while opening an office in New York. The fund has hired top finance professionals. But none of that has, as yet, been enough to move the QIA from the bottom of the barrel in the eyes of organizations charged with monitoring sovereign wealth funds. Read More »

Dubizzle finds overall decline in rental and sale prices for housing in UAE

 Dubizzle’s first northern emirates property report, comparing rental and sale price trends in the first quarter of  2016 to the same period last year across Dubai, Sharjah and Ajman, indicates that the property sector in the United Arab Emirates (UAE) has seen an overall decline in prices. The rental market, however, has experienced less of a decline than the sale sector. Read More »

Qatar Investment Authority taking steps to restructure assets

In an attempt to manage a significant amount of capital, the Qatar Investment Authority (QIA) is apparently shuffling up to $100 billion into new investment efforts in what Arabian Business magazine is calling a “major overhaul.” A magazine story in mid-May said the Qatari sovereign wealth fund (SWF) is creating a new internal division to be headed by Ahmed Al Rumaihi. Read More »

Blockchain Technology Conference in Dubai focusing on bitcoin transactions and other innovations

While focusing on the modernization of financial management, advances in education and the diversification of assets, Middle Eastern officials are not neglecting some of the biggest technologies that have impacted finance in the last decade. Keynote Events and other partners are holding the first Blockchain Technology Conference in Dubai, which kicked off Monday at the Burj Al Arab.  Read More »

Dubai laboratories to research 3-D printing, drone technology

Leaders in the United Arab Emirates are building a new set of scientific laboratories in Dubai's Mohammed bin Rashid Al Maktoum Solar Park to help continue innovation in aerospace and other manufacturing industries. A set of 3-D printed laboratories are slated to be built as part of the research and development center there, and the labs also will conduct research on drones. Read More »

Imdaad addressing widening gap of unemployment among young Emiratis

Dubai-based Imdaad, a leading provider of integrated facilities, environment and energy management solutions, offered a vital platform for identifying and recruiting young, qualified and talented Emiratis at the recently held Careers UAE 2016. At the event, the company focused on hiring candidates to reduce the rate of unemployed UAE youths, 18 percent of whom are women. Read More »

When it comes to pay, 44% of Lebanese workers went without a raise in 2015

Nearly half of Lebanese workers, 44 percent, went without a pay raise in 2015, according to a recent study by Middle Eastern job site Bayt.com and market research firm YouGov. In addition to the dearth of pay increases across the country last year, the study presented other numbers about the economic position of Lebanese professionals and their outlook for the future. Read More »

International Property Show in Dubai hints at growing demand for middle-income homes

Market events this spring showed that middle-income homes are becoming desirable for buyers in the United Arab Emirates. Vendors and other exhibitors came to Dubai last month for the 12th International Property Show at the Dubai International Convention and Exhibit Center. One thing they found is that first-time buyers were interested in housing that suits their needs. Read More »

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