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Celebrities to Ignite the Passion of SMBs at Sage Summit 2016

Sage, the market leader for integrated accounting, payroll and payment systems, is excited to announce additional speakers from the entertainment industry and from business for Sage Summit 2016, the world’s largest gathering of entrepreneurs and leaders of small and medium businesses. Over 20,000 people from around the world will meet in Chicago, IL, on July 25-28 to share their passion for busine...

Annual Family Business Regional Summit To Run From 27-28 April 2016

Under the theme ‘Next Generation Transition,’ the Family Business Council-Gulf (FBC – G) Annual Regional Summit will take place in Dubai from 27-28 April; an issue that is fast becoming one of the main concerns for the family firms in the region with many of them moving from first to second or second to the third generation. The theme reflects importance that the event places on highlighting...

Cybercriminals Targeting the Retail and Hospitality Sector

FireEye has recently uncovered the activities of a highly lethal group of cybercriminals, dubbed FIN6. In 2015, FireEye Threat Intelligence supported several Mandiant Consulting investigations in the hospitality and retail sectors where FIN6 actors had aggressively targeted and compromised point-of-sale (POS) systems, making off with millions of payment card numbers. These card numbers were later ...

Entrepreneurship Flourishes in UAE

Already recognized as a fast emerging economy, the UAE is also proving to be a world class environment for entrepreneurship after five new candidates were unanimously selected into the global Endeavor organization for high-impact entrepreneurs. Holding their own against other top business owners from around the world at the recent International Selection Panel (ISP), UAE entrepreneurs proved that ...

Amanat Acquires 16.02% Stake in Madaares

Amanat Holdings, one of the region’s largest integrated healthcare and education company, announced today that it has acquired, through one of its subsidiaries, a 16.02 percent stake in Madaares, one of the largest providers of K-12 primary and secondary education in the UAE, for AED 139.4 million. Through acquiring this stake, Amanat is now among Madaares five largest shareholders. Founded in 200...

Krimston ‘Kickstarts’ its dual-SIM iPhone adapter

In April 2012, Lebanese entrepreneur Fouad Fattal went on a five-day business trip to the United States, during which he checked his email a few times on his iPhone with data roaming turned on. When he returned to Beirut, he received a phone bill stating that he had racked up $2,300 in roaming charges. This turned out to be the fateful experience that would inspire him to cofound his startup Krims...

Kaymu Takes the Lead in Algerian Ecommerce

With its 40 million inhabitants, Algeria’s untapped digital market is starting to attract serious attention from major regional ecommerce player Kaymu. Some may view existing challenges, such as the lack of online payment gateways and low internet penetration, as obstacles but others see this as an opportunity. Since 2009, several Algerian entrepreneurs have launched makeshift ecommerce websites, ...

Dubai-Based Startup Zero.1 Launches LiFi Technology

UAE-based technology company Zero.1 has successfully launched Light Fidelity (LiFi) in Dubai. LiFi is a new wireless technology that transmits high-speed data using light (such as Visible Light Communication or VLC) rather than radio bands. LiFi will change the way we work, play and manage our daily lives. This technology brings Dubai’s ambition to be a ‘Smart City’ to life. It provides endless po...

Saudi Green Card Plan for Expats Welcomed

Saudi Arabia’s plan to issue permanent residence or “green cards” to foreign workers has been warmly welcomed by the expatriate community. The Deputy Crown Prince Mohammed bin Salman disclosed plans for issuing such cards similar to the US green card system that allows hiring more foreign workers for a fee. The plan will abolish the existing sponsorship system for holders, who wi...

Dubai’s Retail Market Grows to $35.4 Billion in 2015

Dubai’s retail market in 2015 is estimated to have reached $35.4 billion (Dh129.9 billion), witnessing annual growth rates of 3.5 per cent to 7.5 per cent since 2010, according to analysis by the Dubai Chamber of Commerce and Industry. Based on data from Euromonitor International, the analysis showed that the retail industry is expected to expand by 7.7 per cent in 2016. Annual growth rates are th...

Etisalat Intros New Business Ultimate Mobile Plan

Etisalat announced today the launch of its New Business Ultimate mobile plan, offering small and medium business customers (SMBs) wider data allowances and options to meet their connectivity needs. The new monthly plan also offer the latest smartphones and devices as an add-on at zero upfront charge. Digitisation and digital adoption is on the rise. The usage of mobile data in the UAE’s business w...

Dubai-Based Dodsal Group Strikes US$8Billion Natural Gas Deposits in Tanzania

The Dodsal Group, a Dubai-based business conglomerate currently operating in countries in MENA and East Africa region and India, has struck an expansive sweep of over 2.7 TCF natural gas deposits on their onshore concession in Tanzania for oil and gas exploration. In July 2015, the Group had marked its first natural gas discovery in the country of 2.17 TCF in the Mambakofi and Mtini region. Howeve...

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