The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate of Management Development (IMD), the…
The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate of Management Development (IMD), the…
Artificial intelligence (AI), undisputedly the best technological gift of the digital age, together with Internet of Things, blockchain and data analytics is fueling the Fourth Industrial Revolution around the world. And, the Middle East and North Africa nations, especially those in the Gulf Cooperation Council (GCC), have occupied a pioneering position in ushering in the…
Private healthcare in the Gulf Cooperation Council (GCC) region, estimated at $62 billion in 2016, is forecasted to expand 8.7 percent annually, to reach $94 billion in 2021, according to MENA Research Partners (MRP), a leading research company in the region. Saudi Arabia and the UAE together represent more than two-third of the market, where…
Saudi Arabia’s billionaire Prince Alwaleed bin Talal, who was freed from nearly three-month detention on Saturday in Riyadh, is expected to return to his normal life at the earliest. Chairman of Riyadh-based Kingdom Holding Co. Alwaleed, who also owns stakes in Citigroup Inc., Twitter and the ride-hailing service Careem, will stay at the helm of his…
Noon, the digital marketplace created in the region, for the region and powered by the region’s leading retailers, has signed a partnership agreement with United Electronics Company (eXtra) that establishes the Saudi electronics giant as Noon’s exclusive partner for a range of consumer electronics and home appliance items such as Samsung, LG, Sony, Braun, Kenwood…
The impact of social media influencers on driving consumer brand awareness, especially among millennials, has reached record highs in the UAE. A new research shows that 94 percent of in-house marketeers in the UAE believe social media influencer marketing is now very significant for the success of their brands. New data from the second edition…
The UAE has declared itself an “open global laboratory” to transform the concepts of the Fourth Industrial Revolution into an international shared agenda, announced Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future of the UAE, in an opening address at the World Economic Forum’s second Annual Meeting of the Global Future Councils….
The Abu Dhabi Fund for Development (ADFD), the leading UAE entity for development aid, is extending an Abu Dhabi government grant worth AED18.4 million to the Maldivian government. The grant seeks to support the balance of payments in the Maldives, improve the overall economic situation in the country and aid the Maldivian government in achieving…
The Virgin Mobile brand, was officially launched by Emirates Integrated Telecommunications Company (EITC) on Tuesday in the UAE, bringing the first fully digital mobile service to the country. Virgin Mobile offers simple and transparent technology and provides an unmatched consumer experience through its innovative app-based service. Earlier this year, following the announcement by Emirates Integrated Telecommunications…
